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German balance of payments in December 2025
Germany’s current account recorded a surplus of €16.1 billion in December 2025, up €1.9 billion on the previous month’s level. Although the surplus in the goods account decreased, the surplus in invisible current transactions, which comprise services as well as primary and secondary income, increased more strongly.
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German economy closes 2025 with significant gains
19.02.2026 DE
German economic output rose significantly in the fourth quarter of 2025, according to the Monthly Report. Growth towards the end of the year was primarily driven by private and government consumption. Households probably also benefited from strong wage growth. Industry grew its production and construction output rose significantly. According to the experts, there is no sign of any short-term trend reversal for the better in the labour market. The inflation rate stood at around 2 % at the turn of the year.
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The German economy in choppy international waters Speech at the Speaker’s Luncheon, Union International Club e. V.
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Central Bank Policy in an Evolving Cash Landscape Keynote speech at the Banknote Conference
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Our standard for data exchange
The decision to apply these standards was based on their design and successful implementation in various areas, including logistics, making them a feasible, secure and future-proof investment for all participating parties.
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Information on historical objects
We do not provide any information on the value and authenticity of (commemorative) coins, banknotes etc. For more information, see the following page.
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Two-year extension of the EU-funded programme of the European System of Central Banks (ESCB) to contribute to macroeconomic and financial stability in Africa Joint press release with the European Commission and the Deutsche Bundesbank
The Monetary Authority of Singapore (MAS) and the Deutsche Bundesbank today signed a Memorandum of Understanding (MoU) regarding collaboration on cross-border digital asset settlement.
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Two-year extension of the EU-funded programme of the European System of Central Banks (ESCB) to contribute to macroeconomic and financial stability in Africa Joint press release with the European Commission and the Deutsche Bundesbank
The Monetary Authority of Singapore (MAS) and the Deutsche Bundesbank today signed a Memorandum of Understanding (MoU) regarding collaboration on cross-border digital asset settlement.