Germany's current account surplus narrowed to EUR 21.4 billion in November 2018 from EUR 26.4 billion in the same month of the previous year and below market expectations of EUR 25.5 billion. The goods surplus declined to EUR 20.0 billion from EUR 25.3 billion a year ago, and the secondary income deficit rose to EUR 5.6 billion from EUR 5.3 billion. Meanwhile, the primary income surplus rose to EUR 7.4 billion from EUR 6.9 billion a year earlier, and the services gap narrowed to EUR 0.3 billion from EUR 0.5 billion. Considering January to November, the current account surplus narrowed to EUR 228.0 billion from EUR 232.8 billion in the same period of 2017. Current Account in Germany averaged 3877.94 EUR Million from 1956 until 2018, reaching an all time high of 32729 EUR Million in March of 2017 and a record low of -9353 EUR Million in August of 2000.
Current Account in Germany is expected to be 30600.00 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 18400.00 in 12 months time. In the long-term, the Germany Current Account is projected to trend around 15400.00 EUR Million in 2020, according to our econometric models.