Germany’s gross external debt amounted to €6.6 trillion at the end of the first quarter 2025; relative to gross domestic product (GDP) it increased in the period under review.

Die Bruttoemissionen am deutschen Rentenmarkt lagen im Mai 2025 mit 135,6 Mrd € über dem Wert des Vormonats (115,8 Mrd €). Nach Abzug der Tilgungen und unter Berücksichtigung der Eigenbestandsveränderungen der Emittenten stieg der Umlauf heimischer Rentenwerte um 35,7 Mrd €. Ausländische Schuldverschreibungen wurden für netto 23,1 Mrd € auf dem deutschen Markt untergebracht. Im Ergebnis nahm damit der Umlauf von Schuldverschreibungen in Deutschland um 58,8 Mrd € zu.

Verfahren für Geschäftspartnern zur Nutzung von Kreditforderungen als notenbankfähige Sicherheiten.

The external assets of the banks (more than 2 trillion euros) are significantly higher than the external liabilities.

In June, households in Germany again adjusted their expectations for real estate prices in their region upwards slightly. With an expected increase of 5.4 % for the next 12 months, they were 0.1 percentage point higher than the previous month’s figure of 5.3 %. When asked about their qualitative expectations in June, 60 % (May: 61 %) of households expected real estate prices to increase and 7 % (May: 5 %) expected them to decrease during this period.

German enterprises constitute net debtors vis-à-vis non-residents: Standing at €1812 billion at the end of May 2025, their liabilities arising from financial operations and trade credits, exceeded their corresponding assets of €1500 billion by €312 billion. Compared with the previous month, this is a change of €14 billion.

While the charts on the other webpages of this study illustrate the results of regularly asked core questions, here we show charts on an ad hoc basis mainly relating to special questions for research projects or policy advice.