At the end of 2025, the German net international investment position (i.i.p.) amounts to €3.7 trillion; that equates to 82 % of gross domestic product (GDP). German claims on non-residents now stand at €14.5 trillion. This compares to German liabilities amounting to €10.8 trillion.

The Bundesbank has a dedicated credit assessment system to assess the credit quality of debtors of non-marketable assets. Credit assessment goes back a long way at the Bundesbank. Counterparties can use the Bank's credit assessment to determine an enterprise's or debtor's eligibility in the context of their monetary policy operations.

The Banking Directive Implementation and Bureaucracy Relief Act (BRUBEG) transposes the extensive amendments to the Capital Requirements Directive (CRD VI) into German national law. That means Germany meets the requirements of the EU banking package. The aim was to introduce the new requirements with as little bureaucracy as possible, in a proportional manner and without lowering prudential standards. An article in the Bundesbank’s latest Monthly Report explains the main changes.

Die Jahreswachstumsrate des weit gefassten Geldmengenaggregats M3 stieg im März 2026 auf 3,2 % nach 3,0 % im Februar. In den drei Monaten bis März betrug sie durchschnittlich 3,2 %. 

Expected real interest rates are calculated based on nominal yields and inflation expectations from analyst surveys.

Germany’s gross external debt amounted to €6.8 trillion at the end of 2025; relative to gross domestic product (GDP) it remained unchanged in the period under review.

The securities holdings statistics provide a picture of the structure of securities held in Germany.