Germany's current account surplus shrank significantly to EUR 7.4 billion in April of 2022, from EUR 23.0 billion in the corresponding month of the previous year. The reading reflected a sharp drop in the goods surplus to EUR 2.0 billion from EUR 16.7 billion a year earlier and the services account switched to a deficit of EUR 0.7 billion, compared with a surplus of EUR 2.1 billion. On the other hand, the primary income surplus rose to EUR 10.7 billion from EUR 6.5 billion while the secondary income deficit widened to EUR 4.6 billion from EUR 3.9 billion. source: Deutsche Bundesbank
Current Account in Germany averaged 4743.14 EUR Million from 1956 until 2022, reaching an all time high of 33800.81 EUR Million in March of 2021 and a record low of -9365.22 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 June of 2022.
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 16900.00 EUR Million in 2023 and 17200.00 EUR Million in 2024, according to our econometric models.