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 July 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.

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Germany Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-05-12 02:30 PM Mar €18.8B €21.1B €28.5B
2022-06-10 02:00 PM Apr €7.4B €18.8B €13.2B
2022-07-13 02:00 PM May €7.4B


Related Last Previous Unit Reference
Balance of Trade 1306.31 7444.07 EUR Million Apr 2022
Current Account 7400.00 18767.78 EUR Million Apr 2022
External Debt 6132897.00 5926223.00 EUR Million Dec 2021
Foreign Direct Investment 16473.52 4717.16 EUR Million Apr 2022
Capital Flows -2131.34 8872.94 EUR Million Apr 2022
Remittances 532.77 532.77 EUR Million Mar 2022

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
7400.00 18767.78 33800.81 -9365.22 1956 - 2022 EUR Million Monthly
NSA

News Stream
Germany Current Account Surplus Narrows Sharply
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.
2022-06-10
Germany Current Account Surplus Narrows in March
Germany's current account surplus shrank to EUR 18.8 billion in March of 2022, from EUR 33.8 billion in the corresponding month of the previous year. The goods surplus decreased to EUR 12.8 billion from EUR 24.2 billion in March of 2021 and the services account shifted to a deficit of EUR 2.5 billion, compared with a surplus of EUR 1.2 billion a year ago. At the same time, the primary income surplus rose to EUR 13.4 billion from EUR 11.8 billion while the secondary income deficit widened to EUR 4.9 billion from EUR 3.4 billion.
2022-05-12
Germany February Current Account Surplus Little Changed
Germany's current account surplus was at EUR 20.8 billion in February of 2022, little changed from the same month of the previous year. The goods surplus shrank to EUR 15.1 billion from EUR 18.3 billion in February of 2021 and the services surplus narrowed to EUR 0.5 billion from EUR 1.16 billion. Meanwhile, the primary income surplus rose to EUR 10.7 billion from EUR 9 billion and the secondary income deficit fell to EUR 5.4 billion from EUR 7.6 billion.
2022-04-13