Germany's current account surplus narrowed to EUR 18.3 billion in January 2019 from EUR 21.1 billion in the same month the previous year. The surplus of goods account decreased to EUR 15.1 billion from EUR 17.6 billion a year ago and the deficit of services account widened to 0.9 billion from EUR 0.4 billion. Meanwhile, the gap of secondary income was unchanged at EUR 5 billion and the primary income surplus widened to EUR 9.2 billion from EUR 8.9 billion a year earlier. Current Account in Germany averaged 3895.63 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 25600.00 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 18400.00 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.