Germany's current account surplus increased to EUR 16.5 billion in May 2019 from EUR 13.0 billion in the same month of the previous year. The goods surplus rose to EUR 21.3 billion from EUR 19.1 billion a year earlier and the secondary income surplus rose to EUR 0.5 billion from EUR 0.1 billion. In addition, the primary income deficit fell to EUR 4.2 billion from EUR 4.9 billion and the services gap declined to EUR 1.1 billion from EUR 1.4 billion. Considering January to May, the current account surplus widened to EUR 106.4 billion from EUR 105.8 billion in the same period of 2018. Current Account in Germany averaged 3990.84 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.
Current Account in Germany is expected to be 19500.00 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 22500.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 19100.00 EUR Million in 2020, according to our econometric models.