The German current account balance of payments showed a surplus of EUR 28.2 billion in December of 2020, higher than EUR 25.3 billion a year earlier. It was the largest current account surplus since March 2019, as the goods surplus widened sharply (EUR 17.3 billion vs EUR 12.8 billion), amid the gradually improved in global demand. Also, the primary income surplus increased slightly (EUR 14.2 billion vs EUR 14.0 billion). Meantime, the services surplus narrowed (EUR 2.5 billion vs EUR 2.7 billion), while the secondary income deficit increased (EUR 5.8 billion vs EUR 4.2 billion). Considering 2020 full year, the current account surplus narrowed to EUR 236.2 billion from EUR 244.8 billion in 2019. source: Deutsche Bundesbank
Current Account in Germany averaged 4366.34 EUR Million from 1956 until 2020, reaching an all time high of 32222.30 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. Germany Current Account - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Current Account in Germany is expected to be 25200.00 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 19100.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 18500.00 EUR Million in 2022, according to our econometric models.