Germany’s current account recorded a surplus of €22.5 billion in October 2020, down €2.7 billion from the previous month’s level.

Professor Axel A Weber, President of the Deutsche Bundesbank

Germany’s current account posted a surplus of €16.2 billion in June 2022, meaning that the result was clearly positive again following the slight deficit of €0.4 billion in the previous month. This was primarily caused by the sharp shift in invisible current transactions, which comprise services as well as primary and secondary income. There was also a higher surplus in goods trading

Germany’s current account recorded a surplus of €16.5 billion in August 2020, down €4.6 billion from the previous month’s level.

How will cash be used in the future? A recent Bundesbank study has investigated this question, outlining three different scenarios for cash payments in 2037. The study provides an idea of the social and economic environment in which cash will be embedded in the future.

Germany’s current account recorded a surplus of €28.2 billion in December 2020, up €6.9 billion from the previous month’s level. Although the goods account surplus decreased, the surplus in invisible current transactions – comprising the services account as well as primary and secondary income – increased to a much greater degree.

Topics: Germany’s balance of payments in 2013, Shadow banking in the euro area: outline and monetary policy implications, Manufacturing enterprises in Germany: their vulnerability to crises ̶ findings of a risk analysis using year-end data

On 2 October 2019, the European Central Bank started publishing the euro short-term rate (€STR). The €STR complements existing private sector reference rates and is also recommended as the new overnight reference rate for the euro area.