Germany’s current account surplus was broadly unchanged at €16.1 billion in December 2025, compared with €16.2 billion in the same month a year earlier. The goods surplus narrowed to €8.6 billion from €11.5 billion, as imports jumped 11.0%, outpacing a 6.6% rise in exports. The primary income surplus also declined to €17.5 billion from €19.2 billion. Meanwhile, the services deficit widened to €2.1 billion from €0.6 billion. Partly offsetting these trends, the secondary income deficit shrank significantly to €7.9 billion, down from €14.0 billion a year earlier. For 2025 as a whole, Germany’s current account surplus fell sharply to €197.4 billion, compared with €251.5 billion in 2024. source: Deutsche Bundesbank

Germany recorded a Current Account surplus of 16111.88 EUR Million in December of 2025. Current Account in Germany averaged 5552.08 EUR Million from 1956 until 2025, reaching an all time high of 32829.97 EUR Million in March of 2018 and a record low of -9397.16 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 February of 2026.

Germany recorded a Current Account surplus of 16111.88 EUR Million in December of 2025. Current Account in Germany is expected to be 25200.00 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 14200.00 EUR Million in 2027 and 13800.00 EUR Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-12 01:45 PM
Current Account
Nov €15.1B €14.8B €15.1B
2026-02-12 01:45 PM
Current Account
Dec €16.1B €14.2B €14.2B
2026-03-13 01:45 PM
Current Account
Jan €16.1B

Components Last Previous Unit Reference
Current Account Goods 8605.19 11262.96 EUR Million Dec 2025
Current Account Services -2120.83 -4443.45 EUR Million Dec 2025

Related Last Previous Unit Reference
Balance of Trade 17.10 13.60 EUR Billion Dec 2025
Capital Flows 34914.36 -33189.84 EUR Million Nov 2025
Current Account 16111.88 14242.24 EUR Million Dec 2025
Exports MoM 133.30 128.11 EUR Billion Dec 2025
External Debt 6787486.00 6678390.00 EUR Million Sep 2025
Net Foreign Direct Investment 9159.56 5693.94 EUR Million Nov 2025
Imports MoM 116.20 114.60 EUR Billion Dec 2025
Remittances 671.78 671.78 EUR Million Nov 2025


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
16111.88 14242.24 32829.97 -9397.16 1956 - 2025 EUR Million Monthly
Current Prices, NSA

News Stream
Germany’s Current Account Surplus Steady in December
Germany’s current account surplus was broadly unchanged at €16.1 billion in December 2025, compared with €16.2 billion in the same month a year earlier. The goods surplus narrowed to €8.6 billion from €11.5 billion, as imports jumped 11.0%, outpacing a 6.6% rise in exports. The primary income surplus also declined to €17.5 billion from €19.2 billion. Meanwhile, the services deficit widened to €2.1 billion from €0.6 billion. Partly offsetting these trends, the secondary income deficit shrank significantly to €7.9 billion, down from €14.0 billion a year earlier. For 2025 as a whole, Germany’s current account surplus fell sharply to €197.4 billion, compared with €251.5 billion in 2024.
2026-02-12
German Current Account Surplus Narrows as Exports Slow
Germany’s current account surplus narrowed to €15.1 billion in November 2025, down from €18.8 billion a year earlier. The goods surplus shrank to €12.7 billion from €19.2 billion, driven by a 3.4% decline in exports and a 2.7% rise in imports, while the secondary income deficit widened to €7.7 billion from €7.3 billion. In contrast, the primary income surplus edged up to €14.8 billion from €14.5 billion, and the services deficit fell to €4.7 billion from €7.6 billion. Over the first eleven months of 2025, Germany’s current account surplus fell to €182.1 billion from €235.3 billion during the same period in 2024.
2026-01-12
German Current Account Surplus Edges Lower in October
Germany’s current account surplus narrowed slightly to €14.80 billion in October 2025, compared with a revised €15.21 billion a year earlier. The primary income surplus declined to €13.23 billion from €14.78 billion, while the secondary income deficit widened to €6.26 billion from €5.97 billion. In contrast, trade figures provided some support: the goods surplus increased to €16.70 billion from €15.50 billion in October 2024, as exports rose 4.5% to €122.0 billion and imports grew at a slower pace of 4.0% to €105.30 billion. The services deficit also narrowed slightly, improving to €8.87 billion from €9.11 billion. Over the first ten months of the year, however, the cumulative current account surplus narrowed to €167.03 billion from €216.50 billion in the same period of 2024, reflecting the impact of US tariffs on German goods exports.
2025-12-12