Germany's current account surplus widened to a two-year high of EUR 30.2 billion in March 2019 from EUR 29.4 billion in the same month of the previous year, as the goods surplus increased to EUR 24.9 billion from EUR 24.5 billion and the primary income surplus was unchanged at EUR 9.9 billion. In addition, the services deficit declined to EUR 0.9 billion from EUR 1.0 billion a year earlier and the secondary income gap narrowed to EUR 3.6 billion from EUR 4.0 billion. Considering January to March, the current account surplus narrowed to EUR 66.6 billion from EUR 70 billion in the same period of 2018. Current Account in Germany averaged 3948.65 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 20800.00 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 27800.00 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.