Germany's current account surplus narrowed sharply to EUR 2.5 billion in May of 2022, from EUR 16 billion in the corresponding month of the previous year. It was the smallest current account surplus since August of 2003 when a shortfall of EUR 1.1 billion was recorded, mainly reflecting a steep drop in the goods surplus to EUR 6.2 billion from EUR 14.5 billion a year earlier. Moreover, the services account switched to a deficit of EUR 2.7 billion, compared with a surplus of EUR 2.3 billion in May of 2021. At the same time, the secondary income gap rose to EUR 3.2 billion from EUR 1.7 billion while the primary income surplus widened significantly to EUR 2.2 billion from EUR 0.6 billion. source: Deutsche Bundesbank
Current Account in Germany averaged 4751.63 EUR Million from 1956 until 2022, reaching an all time high of 33800.81 EUR Million in March of 2021 and a record low of -9365.22 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 2022.
Current Account in Germany is expected to be 23600.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Current Account is projected to trend around 16900.00 EUR Million in 2023 and 17200.00 EUR Million in 2024, according to our econometric models.