Germany's current account surplus increased to EUR 29.4 billion in December 2019 from EUR 22.3 billion in the corresponding month of the previous year, above market expectations of EUR 22 billion. This was the largest current account surplus since last March, as the goods surplus increased to EUR 16.1 billion from EUR 13.1 billion a year ago and the primary income surplus rose to EUR 15.3 billion from EUR 14.4 billion. In addition, the services surplus went up to EUR 2.2 billion from EUR 1.3 billion, while the secondary income gap went down to EUR 4.2 billion from EUR 6.4 billion. Considering 2019 full year, the current account surplus widened to EUR 266.2 billion from EUR 246.0 billion in 2018.

Current Account in Germany averaged 4163.31 EUR Million from 1956 until 2019, reaching an all time high of 32686.70 EUR Million in March of 2017 and a record low of -9353 EUR Million in August of 2000. This page provides - Germany Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Deutsche Bundesbank

Current Account in Germany is expected to be 27800.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Germany to stand at 15400.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 19100.00 EUR Million in 2021, according to our econometric models.


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Germany Current Account

Actual Previous Highest Lowest Dates Unit Frequency
29400.00 24100.00 32686.70 -9353.00 1956 - 2019 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-08 07:00 AM Sep €25.5B €17.3B €20.4B €19.5B
2019-12-09 07:00 AM Oct €22.7B €24.9B €19.5B €17.9B
2020-01-09 07:00 AM Nov €24.9B €22.9B €16.9B €23.8B
2020-02-07 07:00 AM Dec €29.4B €24.1B €22B €18.4B
2020-03-09 07:00 AM Jan €29.4B €20.1B
2020-04-09 06:00 AM Feb €16.7B
2020-05-08 06:00 AM Mar €27.8B
2020-06-09 06:00 AM Apr €22.9B


News Stream
German Current Account Largest in 9 Months
Germany's current account surplus increased to EUR 29.4 billion in December 2019 from EUR 22.3 billion in the corresponding month of the previous year, above market expectations of EUR 22 billion. This was the largest current account surplus since last March, as the goods surplus increased to EUR 16.1 billion from EUR 13.1 billion a year ago and the primary income surplus rose to EUR 15.3 billion from EUR 14.4 billion. In addition, the services surplus went up to EUR 2.2 billion from EUR 1.3 billion, while the secondary income gap went down to EUR 4.2 billion from EUR 6.4 billion. Considering 2019 full year, the current account surplus widened to EUR 266.2 billion from EUR 246.0 billion in 2018.
2020-02-07
German Current Account Surplus Beats Expectations
Germany's current account surplus increased to EUR 24.9 billion in November 2019 from EUR 23.6 billion in the corresponding month of the previous year, and above market expectations of EUR 16.9 billion. The primary income surplus rose to EUR 9.6 billion from EUR 9.2 billion a year ago, while the secondary income gap went down to EUR 3.6 billion from EUR 5.5 billion. Meantime, the goods surplus declined to EUR 18.9 billion from EUR 19.4 billion and the services surplus dropped to EUR 0.1 billion from EUR 0.5 billion. Considering January to November period, the current account surplus widened to EUR 237.7 billion from EUR 223.7 billion in the same period of 2018.
2020-01-09
Germany Current Account Surplus Widens in October
Germany's current account surplus increased to EUR 22.7 billion in October 2019 from EUR 20.3 billion in the corresponding month of the previous year, and above market expectations of a EUR 19.5 billion surplus. The goods surplus rose to EUR 22.5 billion from EUR 19.9 billion while the primary income surplus was unchanged at EUR 9.0 billion. Meantime, the secondary income gap went up to EUR 4.5 billion from EUR 4.3 billion a year ago, while the services deficit stood at EUR 4.3 billion. Considering January to October period, the current account surplus widened to EUR 212.6 billion from EUR 200.1 billion in 2018.
2019-12-09
German Posts Largest Current Account Surplus in 6 Months
Germany's current account surplus increased sharply to EUR 25.5 billion in September 2019 from EUR 18.9 billion in the same month the preceding year. This was the largest current account surplus since March, as the goods surplus surged to EUR 22.9 billion from EUR 16.4 billion and the primary income surplus rose to EUR 9.2 billion from EUR 8.7 billion. Meanwhile, the secondary income gap fell to EUR 3,4 billion from EUR 3.6 billion a year ago, while the services deficit went up to EUR 3.2 billion from EUR 2.6 billion. Considering January to August, the current account surplus rose to EUR 190.7 billion from EUR 179.8 billion in the same period of 2018.
2019-11-08

Germany Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).