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.