Germany’s current account surplus narrowed to €23.6 billion in March 2026, down from €27.4 billion a year earlier. The goods surplus fell to €18.5 billion from €21.4 billion, as exports rose 6.1% while imports surged 10.3%. The services deficit widened to €3.8 billion from €3.4 billion, and the secondary income gap increased to €6.7 billion from €5.4 billion. Meanwhile, the primary income surplus grew to €15.6 billion from €14.8 billion. In Q1 2026, the current account surplus declined to €62.2 billion from €65.3 billion in the same period of 2025. source: Deutsche Bundesbank

Germany recorded a Current Account surplus of 23635 EUR Million in March of 2026. Current Account in Germany averaged 5483.57 EUR Million from 1956 until 2026, reaching an all time high of 32829.95 EUR Million in March of 2018 and a record low of -9529.79 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 May of 2026.

Germany recorded a Current Account surplus of 23635 EUR Million in March of 2026. Current Account in Germany is expected to be 16200.00 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 14200.00 EUR Million in 2027 and 13800.00 EUR Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-10 12:30 PM
Current Account
Feb €22B €18.1B €16.5B
2026-05-13 12:30 PM
Current Account
Mar €23.6B €20.5B €18.4B
2026-06-11 12:30 PM
Current Account
Apr €23.6B



Components Last Previous Unit Reference
Current Account Goods 18466.06 19523.04 EUR Million Mar 2026
Current Account Services -3785.40 -4778.13 EUR Million Mar 2026

Related Last Previous Unit Reference
Balance of Trade 14.30 19.60 EUR Billion Mar 2026
Capital Flows 20262.06 20908.01 EUR Million Mar 2026
Current Account 23635.26 20487.31 EUR Million Mar 2026
Exports MoM 135.80 135.10 EUR Billion Mar 2026
External Debt 6762326.00 6816936.00 EUR Million Dec 2025
Net Foreign Direct Investment 21467.75 1403.74 EUR Million Mar 2026
Imports MoM 121.50 115.60 EUR Billion Mar 2026
Remittances 708.32 708.32 EUR Million Mar 2026


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).
Actual Previous Highest Lowest Dates Unit Frequency
23635.26 20487.31 32829.95 -9529.79 1956 - 2026 EUR Million Monthly
Current Prices, NSA

News Stream
German Current Account Surplus Shrinks in March
Germany’s current account surplus narrowed to €23.6 billion in March 2026, down from €27.4 billion a year earlier. The goods surplus fell to €18.5 billion from €21.4 billion, as exports rose 6.1% while imports surged 10.3%. The services deficit widened to €3.8 billion from €3.4 billion, and the secondary income gap increased to €6.7 billion from €5.4 billion. Meanwhile, the primary income surplus grew to €15.6 billion from €14.8 billion. In Q1 2026, the current account surplus declined to €62.2 billion from €65.3 billion in the same period of 2025.
2026-05-13
German Current Account Surplus Slightly Up in March
Germany’s current account surplus expanded to €22.0 billion in February 2026, up from €21.3 billion in the same month last year. The primary income surplus rose to €11.5 billion from €10.4 billion a year earlier, while the goods surplus remained stable at €20.7 billion versus €20.6 billion, with exports increasing by 1.8% and imports by 2%. However, the services deficit grew to €4.6 billion (from €4.3 billion), and the secondary income deficit widened to €5.6 billion (from €5.4 billion). Over the first two months of 2026, Germany’s current account surplus reached €40.1 billion, compared to €37.9 billion in the same period of 2025.
2026-04-10
German Current Account Surplus Rises in January
Germany’s current account surplus widened to €17.1 billion in January 2026, up from €16.6 billion a year earlier. The goods surplus increased to €14.9 billion from €13.7 billion as imports fell 8.1%, outpacing a 6.0% drop in exports. Meanwhile, the services deficit narrowed to €4.6 billion from €5.9 billion. However, the primary income surplus declined to €13.9 billion from €14.4 billion, and the secondary income gap widened to €7.0 billion from €5.5 billion.
2026-03-13