Germany's current account surplus increased to EUR 22.4 billion in June 2020 from EUR 19.5 billion in the same month the previous year. The goods surplus stood at EUR 16.1 billion, little-changed from EUR 16.2 billion a year earlier. At the same time, the services account posted a surplus of EUR 1.6 billion, compared to a gap of EUR 3.0 billion, while the secondary income deficit narrowed to EUR 1.7 billion from EUR 3.4 billion. The primary income surplus dropped to EUR 6.4 billion from EUR 9.7 billion in the prior year.

Current Account in Germany averaged 4228.48 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 August of 2020. source: Deutsche Bundesbank

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 18900.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 19100.00 EUR Million in 2021 and 18500.00 EUR Million in 2022, according to our econometric models.

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Germany Current Account

Actual Previous Highest Lowest Dates Unit Frequency
22400.00 7000.00 32222.30 -9353.00 1956 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-08 06:00 AM Mar €24.4B €23.7B €16.6B
2020-06-09 06:00 AM Apr €7.7B €25.6B €14.9B
2020-07-09 06:00 AM May €6.5B €9.1B €14.9B
2020-08-07 06:00 AM Jun €22.4B €7B €14.0B
2020-09-08 06:00 AM Jul €22.4B €22.9B
2020-10-08 06:00 AM Aug €18.2B
2020-11-09 07:00 AM Sep €20.8B
2020-12-09 07:00 AM Oct €24.2B


News Stream
German Current Account Surplus Widens in June
Germany's current account surplus increased to EUR 22.4 billion in June 2020 from EUR 19.5 billion in the same month the previous year. The goods surplus stood at EUR 16.1 billion, little-changed from EUR 16.2 billion a year earlier. At the same time, the services account posted a surplus of EUR 1.6 billion, compared to a gap of EUR 3.0 billion, while the secondary income deficit narrowed to EUR 1.7 billion from EUR 3.4 billion. The primary income surplus dropped to EUR 6.4 billion from EUR 9.7 billion in the prior year.
2020-08-07
German Current Account Surplus Smallest Since 2010
Germany's current account surplus narrowed to EUR 6.5 billion in May 2020 from EUR 13.3 billion in the same month the previous year. This was the smallest current account surplus since August 2010, as the goods surplus plummeted to EUR 8.5 billion from EUR 19.2 billion a year earlier, and the secondary income posted a EUR 3.5 billion deficit, compared to EUR 0.8 billion surplus. Meantime, the primary income registered a EUR 0.4 billion surplus in May, swinging from a EUR 6.4 billion gap the prior year. The services account also saw a surplus of EUR 1.1 billion, compared to a gap of EUR 0.3 billion last year.
2020-07-09
German Current Account Surplus Smallest Since 2010
Germany's current account surplus plunged to EUR 7.7 billion in April 2020 from EUR 20.6 billion in the same month the previous year. This was the smallest current account surplus since August 2010, as the goods surplus plummeted to EUR 2.8 billion from EUR 17.6 billion a year earlier. Meantime, the secondary income deficit widened to EUR 4.3 billion from EUR 3.7 billion. The primary income surplus increased to EUR 8.9 billion from EUR 7.5 billion, while the services account posted a surplus of EUR 0.3 billion, compared to a gap of EUR 0.7 billion the prior year.
2020-06-09
German Current Account Surplus Narrows in March
Germany's current account surplus narrowed to EUR 24.4 billion in March 2020 from EUR 30.9 billion in the corresponding month of the previous year, as the goods surplus declined to EUR 18.0 billion from EUR 24.7 billion and the primary income surplus dropped to EUR 9.5 billion from EUR 10.1 billion. At the same time, the services deficit was unchanged at EUR 0.3 billion while the secondary income gap fell to EUR 2.7 billion from EUR 3.6 billion a year earlier.
2020-05-08

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).