German Current Account Surplus Narrows Slightly in August

2026-10-13 12:47 By Joana Ferreira 1 min. read

Germany’s current account surplus edged down to €10.3 billion in August 2026 from a revised €10.9 billion in the same month last year, as wider deficits in services and secondary income outweighed improvements in the goods and primary income balances.

The services deficit widened to €11.5 billion from €9.9 billion, while the secondary income deficit increased to €6.8 billion from €6.0 billion.

Meanwhile, the goods surplus rose to €13.1 billion from €12.4 billion a year earlier.

Exports increased by 7.1% year-on-year to €106.2 billion, while imports grew by 7.4% to €93.2 billion.

The primary income surplus also expanded to €15.6 billion from €14.4 billion.

Despite the slight year-on-year decline in August, Germany’s cumulative current account surplus for the first eight months of 2026 increased to €140.4 billion, up from €133.7 billion in the corresponding period of 2025.



News Stream
German Current Account Surplus Narrows Slightly in August
Germany’s current account surplus edged down to €10.3 billion in August 2026 from a revised €10.9 billion in the same month last year, as wider deficits in services and secondary income outweighed improvements in the goods and primary income balances. The services deficit widened to €11.5 billion from €9.9 billion, while the secondary income deficit increased to €6.8 billion from €6.0 billion. Meanwhile, the goods surplus rose to €13.1 billion from €12.4 billion a year earlier. Exports increased by 7.1% year-on-year to €106.2 billion, while imports grew by 7.4% to €93.2 billion. The primary income surplus also expanded to €15.6 billion from €14.4 billion. Despite the slight year-on-year decline in August, Germany’s cumulative current account surplus for the first eight months of 2026 increased to €140.4 billion, up from €133.7 billion in the corresponding period of 2025.
2026-10-13
Germany Current Account Surplus Widens in July
Germany's current account surplus widened to €21.2 billion in July 2026 compared with €10.9 billion in the same period a year earlier. The goods account surplus widened to €21 billion from €16.4 billion a year earlier, while the services deficit narrowed to €8.3 billion from €9.7 billion. In contrast, the secondary income deficit widened to €6.7 billion from €5.5 billion, while the primary income surplus narrowed slightly to €15 billion from €15.7 billion. In the first seven months of 2026, the current account surplus widened to €129 billion from €123 billion in the same period of 2026.
2026-09-11
Germany Current Account Surplus Widens in June
Germany’s current account surplus reached €19 billion in June 2026, widening from a surplus of €17.2 in the same period a year earlier. The goods surplus increased to €17.3 billion from €15.4 billion, while the primary income surplus was broadly unchanged at €13.96 billion. The secondary income deficit narrowed slightly to €4.99 billion from €5.1 billion, partly offsetting a wider services deficit of €7.2 billion versus €7.1 billion a year earlier. In the first half of 2026, the current account surplus narrowed slightly to €106.3 billion from €107.2 billion in the same period of 2025.
2026-08-12