Germany's current account surplus narrowed to EUR 16.2 billion in January 2023 from a revised EUR 16.7 billion in the same month last year, as the primary income surplus declined to EUR 12.8 billion from EUR 14.2 billion. At the same time, the services account posted a EUR 1.4 billion deficit in January, compared with a EUR 1.7 billion surplus a year ago. On the other hand, the goods surplus increased to EUR 9.9 billion from EUR 7.0 billion, while the secondary income gap shrank to EUR 5.1 billion from EUR 6.2 billion. source: Deutsche Bundesbank

Current Account in Germany averaged 5086.15 EUR Million from 1956 until 2023, reaching an all time high of 34748.60 EUR Million in March of 2019 and a record low of -13042.72 EUR Million in January of 1997. 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 March of 2023.

Current Account in Germany is expected to be 10700.00 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 17200.00 EUR Million in 2024 and 22500.00 EUR Million in 2025, according to our econometric models.

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Germany Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-02-10 01:45 PM Dec €24.3B €17.5B €12.5B
2023-03-15 01:45 PM Jan €16.2B €25.6B €16.8B
2023-04-13 12:45 PM Feb €16.2B €19.1B


Related Last Previous Unit Reference
Balance of Trade 16.73 9.99 EUR Billion Jan 2023
Current Account 16176.60 25618.22 EUR Million Jan 2023
Exports 130.60 127.91 EUR Billion Jan 2023
Imports 113.87 117.92 EUR Billion Jan 2023
External Debt 6326708.00 6174658.00 EUR Million Sep 2022
Foreign Direct Investment -21878.49 -32068.89 EUR Million Jan 2023
Capital Flows 57494.59 -22007.16 EUR Million Dec 2022
Remittances 532.77 532.77 EUR Million Nov 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
16176.60 25618.22 34748.60 -13042.72 1956 - 2023 EUR Million Monthly
NSA

News Stream
German Current Account Surplus Narrows Slightly in January
Germany's current account surplus narrowed to EUR 16.2 billion in January 2023 from a revised EUR 16.7 billion in the same month last year, as the primary income surplus declined to EUR 12.8 billion from EUR 14.2 billion. At the same time, the services account posted a EUR 1.4 billion deficit in January, compared with a EUR 1.7 billion surplus a year ago. On the other hand, the goods surplus increased to EUR 9.9 billion from EUR 7.0 billion, while the secondary income gap shrank to EUR 5.1 billion from EUR 6.2 billion.
2023-03-15
German Current Account Surplus Slightly Up in December
Germany's current account surplus widened to EUR 24.3 billion in December 2022 from EUR 23.8 billion in the same month last year, as the goods surplus increased to EUR 12.2 billion from EUR 8.6 billion and the primary income surplus rose to EUR 19.1 billion from EUR 18.1 billion. At the same time, the services account posted a EUR 0.3 billion deficit, compared with a surplus of EUR 1.5 billion a year ago, while the secondary income gap widened to EUR 6.7 billion from EUR 4.4 billion. Considering 2022 full year, the current account surplus plunged to EUR 145.1 billion from EUR 265.0 billion in 2021.
2023-02-10
German Current Account Surplus Shrinks in November
Germany's current account surplus narrowed to EUR 16.9 billion in November of 2022 from EUR 20.9 billion in the same month last year, as the goods surplus decreased to EUR 13.1 billion from EUR 14.6 billion. In addition, the services deficit widened to EUR 2 billion from EUR 0.1 billion and the secondary income gap rose to EUR 6.5 billion from EUR 5.7 billion. The primary income surplus was little changed at EUR 12.3 billion, compared with EUR 12.1 billion a year ago.
2023-01-12