Germany's current account surplus was at EUR 20.0 billion in July 2020, compared with EUR 19.4 billion in the same month the previous year. The primary income surplus stood at EUR 7.1 billion, little-changed from EUR 7.3 billion a year earlier. At the same time, the deficit of services account narrowed to EUR 2.4 billion from EUR 4.7 billion, and that of secondary income fell to EUR 3.6 billion from EUR 4.6 billion. Meanwhile, the goods surplus dropped to EUR 18.8 billion from EUR 21.6 billion.

Current Account in Germany averaged 4249.52 EUR Million from 1956 until 2020, reaching an all time high of 32222.30 EUR Million in March of 2017 and a record low of -9353 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 September of 2020. source: Deutsche Bundesbank

Current Account in Germany is expected to be 20800.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Germany to stand at 18900.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 19100.00 EUR Million in 2021 and 18500.00 EUR Million in 2022, according to our econometric models.

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Germany Current Account

Actual Previous Highest Lowest Dates Unit Frequency
20000.00 22400.00 32222.30 -9353.00 1956 - 2020 EUR Million Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-09 06:00 AM Apr €7.7B €25.6B €14.9B
2020-07-09 06:00 AM May €6.5B €9.1B €14.9B
2020-08-07 06:00 AM Jun €22.4B €7B €14.0B
2020-09-08 06:00 AM Jul €20.0B €20.4B €22.9B
2020-10-08 06:00 AM Aug €20.0B €18.2B
2020-11-09 07:00 AM Sep €20.8B
2020-12-09 07:00 AM Oct €24.2B
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
German Current Account Surplus Little-Changed in July
Germany's current account surplus was at EUR 20.0 billion in July 2020, compared with EUR 19.4 billion in the same month the previous year. The primary income surplus stood at EUR 7.1 billion, little-changed from EUR 7.3 billion a year earlier. At the same time, the deficit of services account narrowed to EUR 2.4 billion from EUR 4.7 billion, and that of secondary income fell to EUR 3.6 billion from EUR 4.6 billion. Meanwhile, the goods surplus dropped to EUR 18.8 billion from EUR 21.6 billion.
2020-09-08
German Current Account Surplus Widens in June
Germany's current account surplus increased to EUR 22.4 billion in June 2020 from EUR 19.5 billion in the same month the previous year. The goods surplus stood at EUR 16.1 billion, little-changed from EUR 16.2 billion a year earlier. At the same time, the services account posted a surplus of EUR 1.6 billion, compared to a gap of EUR 3.0 billion, while the secondary income deficit narrowed to EUR 1.7 billion from EUR 3.4 billion. The primary income surplus dropped to EUR 6.4 billion from EUR 9.7 billion in the prior year.
2020-08-07
German Current Account Surplus Smallest Since 2010
Germany's current account surplus narrowed to EUR 6.5 billion in May 2020 from EUR 13.3 billion in the same month the previous year. This was the smallest current account surplus since August 2010, as the goods surplus plummeted to EUR 8.5 billion from EUR 19.2 billion a year earlier, and the secondary income posted a EUR 3.5 billion deficit, compared to EUR 0.8 billion surplus. Meantime, the primary income registered a EUR 0.4 billion surplus in May, swinging from a EUR 6.4 billion gap the prior year. The services account also saw a surplus of EUR 1.1 billion, compared to a gap of EUR 0.3 billion last year.
2020-07-09
German Current Account Surplus Smallest Since 2010
Germany's current account surplus plunged to EUR 7.7 billion in April 2020 from EUR 20.6 billion in the same month the previous year. This was the smallest current account surplus since August 2010, as the goods surplus plummeted to EUR 2.8 billion from EUR 17.6 billion a year earlier. Meantime, the secondary income deficit widened to EUR 4.3 billion from EUR 3.7 billion. The primary income surplus increased to EUR 8.9 billion from EUR 7.5 billion, while the services account posted a surplus of EUR 0.3 billion, compared to a gap of EUR 0.7 billion the prior year.
2020-06-09

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).