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.

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Germany Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-06-10 02:00 PM Apr €7.4B €18.8B €13.2B
2022-07-13 02:30 PM May €2.5B €9B €3.5B
2022-08-11 02:00 PM Jun €2.5B €4.8B


Related Last Previous Unit Reference
Balance of Trade 7696.81 2655.02 EUR Million Jun 2022
Current Account 2530.54 8978.59 EUR Million May 2022
External Debt 6132897.00 5926223.00 EUR Million Dec 2021
Foreign Direct Investment -8824.96 16473.52 EUR Million May 2022
Capital Flows 1803.60 3284.41 EUR Million May 2022
Remittances 532.77 532.77 EUR Million May 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
2530.54 8978.59 33800.81 -9365.22 1956 - 2022 EUR Million Monthly
NSA

News Stream
Germany Posts Smallest Current Account Surplus Since 2003
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.
2022-07-13
Germany Current Account Surplus Narrows Sharply
Germany's current account surplus shrank significantly to EUR 7.4 billion in April of 2022, from EUR 23.0 billion in the corresponding month of the previous year. The reading reflected a sharp drop in the goods surplus to EUR 2.0 billion from EUR 16.7 billion a year earlier and the services account switched to a deficit of EUR 0.7 billion, compared with a surplus of EUR 2.1 billion. On the other hand, the primary income surplus rose to EUR 10.7 billion from EUR 6.5 billion while the secondary income deficit widened to EUR 4.6 billion from EUR 3.9 billion.
2022-06-10
Germany Current Account Surplus Narrows in March
Germany's current account surplus shrank to EUR 18.8 billion in March of 2022, from EUR 33.8 billion in the corresponding month of the previous year. The goods surplus decreased to EUR 12.8 billion from EUR 24.2 billion in March of 2021 and the services account shifted to a deficit of EUR 2.5 billion, compared with a surplus of EUR 1.2 billion a year ago. At the same time, the primary income surplus rose to EUR 13.4 billion from EUR 11.8 billion while the secondary income deficit widened to EUR 4.9 billion from EUR 3.4 billion.
2022-05-12