Germany’s current account surplus reached €10.4 billion in May 2026, the smallest in a year but still above the €5.9 billion recorded in May 2025. The primary income surplus shifted to €5.7 billion, compared to a €2.3 billion deficit in May 2025. The goods surplus remained nearly unchanged at €15.4 billion, down slightly from €15.8 billion, as exports rose 0.6% to €112.9 billion and imports increased 1.1% to €97.5 billion. Meanwhile, the services deficit widened to €7.2 billion from €5.9 billion, and the secondary income gap grew to €3.5 billion from €1.6 billion. For January–May 2026, the current account surplus narrowed slightly to €88.7 billion from €90 billion. source: Deutsche Bundesbank

Germany recorded a Current Account surplus of 10368.26 EUR Million in May of 2026. Current Account in Germany averaged 5501.23 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 July of 2026.

Germany recorded a Current Account surplus of 10368.26 EUR Million in May of 2026. Current Account in Germany is expected to be 21500.00 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
2026-06-11 12:30 PM
Current Account
Apr €13.8B €24.5B €20.2B
2026-07-13 12:30 PM
Current Account
May €10.4B €16.6B €15.1B
2026-08-12 12:30 PM
Current Account
Jun €10.4B € 16.2B



Components Last Previous Unit Reference
Current Account Goods 15371.76 14849.45 EUR Million May 2026
Current Account Services -7212.46 -5552.66 EUR Million May 2026

Related Last Previous Unit Reference
Balance of Trade 19.10 14.50 EUR Billion May 2026
Capital Flows 10422.79 1460.22 EUR Million May 2026
Current Account 10368.26 16566.78 EUR Million May 2026
Exports MoM 137.90 136.60 EUR Billion May 2026
External Debt 7066910.00 6775802.00 EUR Million Mar 2026
Net Foreign Direct Investment 11792.16 -6806.89 EUR Million May 2026
Imports MoM 118.80 122.10 EUR Billion May 2026
Remittances 708.32 708.32 EUR Million May 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
10368.26 16566.78 32829.95 -9529.79 1956 - 2026 EUR Million Monthly
Current Prices, NSA

News Stream
German Current Account Surplus Widens in May
Germany’s current account surplus reached €10.4 billion in May 2026, the smallest in a year but still above the €5.9 billion recorded in May 2025. The primary income surplus shifted to €5.7 billion, compared to a €2.3 billion deficit in May 2025. The goods surplus remained nearly unchanged at €15.4 billion, down slightly from €15.8 billion, as exports rose 0.6% to €112.9 billion and imports increased 1.1% to €97.5 billion. Meanwhile, the services deficit widened to €7.2 billion from €5.9 billion, and the secondary income gap grew to €3.5 billion from €1.6 billion. For January–May 2026, the current account surplus narrowed slightly to €88.7 billion from €90 billion.
2026-07-13
German Current Account Surplus Shrinks in April
Germany’s current account surplus narrowed to €13.8 billion in April 2026, down from €18.7 billion in the same month last year. The goods surplus fell to €13.3 billion from €16.4 billion, as exports increased 5.2% to €120.8 billion, but imports grew at a faster pace of 9.2% to €107.5 billion. The primary income surplus also declined to €11.0 billion from €13.7 billion. Meanwhile, the services deficit improved slightly, shrinking to €5.8 billion from €6.6 billion, while the secondary income gap remained largely unchanged at €4.7 billion (compared to €4.8 billion in 2025). For the first four months of 2026, the current account surplus decreased to €75.6 billion, down from €84.1 billion in the same period of 2025.
2026-06-11
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