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.