Germany's current account surplus narrowed to EUR 15.9 billion in October of 2018 from EUR 19.5 billion in the same period of the previous year. The goods surplus declined to EUR 19.2 billion (from EUR 21.1 billion a year ago); the secondary income deficit rose to EUR 6.4 billion (from EUR 4.2 billion). Meanwhile, the primary income surplus rose slightly to EUR 6.7 billion (from EUR 6.5 billion a year earlier) and the services gap narrowed to EUR 3.5 billion (from EUR 3.8 billion). Considering January to October period, the current account surplus narrowed to EUR 203 billion (from EUR 206.3 billion in the same period of 2017). Current Account in Germany averaged 3854.14 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 17400.00 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 19500.00 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.