Germany's current account surplus narrowed to EUR 11.8 billion in August of 2021 from EUR 16.7 billion in the same month last year. It was the smallest current account surplus since May last year, as the goods surplus fell to EUR 11.0 billion from EUR 13.9 billion a year ago, while the services shortfall increased to EUR 4.8 billion from EUR 2.3 billion and the secondary income deficit advanced to EUR 4.8 billion from EUR 3.4 billion. Meantime, the primary income surplus widened to EUR 10.3 billion from EUR 8.4 billion. source: Deutsche Bundesbank

Current Account in Germany averaged 4565.32 EUR Million from 1956 until 2021, reaching an all time high of 32388.97 EUR Million in March of 2019 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 October of 2021.

Current Account in Germany is expected to be 19100.00 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 18500.00 EUR Million in 2022 and 16900.00 EUR Million in 2023, according to our econometric models.

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Germany Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-07-08 06:00 AM May €13.1B €21B €19.1B
2021-08-09 06:00 AM Jun €22.5B €13.9B €17.4B
2021-09-09 06:00 AM Jul €17.6B €22.5B €24.4B
2021-10-08 06:00 AM Aug €11.8B €17.9B €15.1B
2021-11-09 07:00 AM Sep €11.8B
2021-12-09 07:00 AM Oct


News Stream
German Current Account Surplus Smallest in 15 Months
Germany's current account surplus narrowed to EUR 11.8 billion in August of 2021 from EUR 16.7 billion in the same month last year. It was the smallest current account surplus since May last year, as the goods surplus fell to EUR 11.0 billion from EUR 13.9 billion a year ago, while the services shortfall increased to EUR 4.8 billion from EUR 2.3 billion and the secondary income deficit advanced to EUR 4.8 billion from EUR 3.4 billion. Meantime, the primary income surplus widened to EUR 10.3 billion from EUR 8.4 billion.
2021-10-08
Germany Current Account Surplus Shrinks in July
Germany's current account surplus narrowed to EUR 17.6 billion in July of 2021 from EUR 20.2 billion in the same month last year. The goods surplus shrank slightly to EUR 17.6 billion from EUR 19.8 billion a year ago, while the services shortfall decreased to EUR 2.4 billion from EUR 2.6 billion. Meantime, the primary income surplus advanced to EUR 8.2 billion from EUR 6.8 billion while the secondary income deficit widened to EUR 5.7 billion from EUR 3.7 billion.
2021-09-09
German Current Account Surplus Rises in June
Germany's current account surplus widened to EUR 22.5 billion in June of 2021 from EUR 20.3 billion in the same month last year. The goods surplus rose to EUR 16.2 billion from EUR 14.8 billion a year ago and the primary income surplus advanced to EUR 8.6 billion from EUR 4.2 billion. Meantime, the services surplus narrowed to ERU 0.5 billion from EUR 2.4 billion and the secondary income deficit increased to EUR 2.9 billion from EUR 1.2 billion. Considering the first half of the year, the current account surplus widened to EUR 101.6 billion from EUR 80 billion in the same period of 2020.
2021-08-09
German Current Account Surplus Widens in May
Germany's current account surplus widened sharply to EUR 13.1 billion in May 2021, from EUR 7.1 billion in the same month last year. The goods surplus rose to EUR 14.4 billion from EUR 9 billion a year ago, as the global demand continued to recovery following the reopening of the economies; while the services surplus fell slightly to EUR 1.2 billion from EUR 1.6 billion. On the other hand, the primary income account fell into a small deficit of EUR 0.1 billion; while the secondary income gap shrank to EUR 2.5 billion from EUR 3.5 billion a year ago. Considering January-May, the current account surplus widened to EUR 100.3 billion from EUR 79.2 billion in the same period of 2020.
2021-07-08

Germany Last Unit Reference Previous Highest Lowest
Balance of Trade 10700.00 EUR Million Aug/21 17904.09 25455.63 -535.91
Current Account 11800.00 EUR Million Aug/21 17900.00 32388.97 -9365.22
External Debt 5753288.00 EUR Million Jun/21 5706728.00 5753288.00 1795598.00
Foreign Direct Investment 2606.29 EUR Million Aug/21 -1640.21 141351.68 -32189.54
Capital Flows 11538.13 EUR Million Aug/21 -8267.29 54635.59 -28680.00
Remittances 514.19 EUR Million Aug/21 514.19 536.86 167.19


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).