Germany’s net international investment position stood at €1,709 billion at the end of 2016, thus amounting to around 54% of nominal gross domestic product. Year-on-year, the German net external asset position thereby increased by €231 billion.

Germany’s net external position stood at €1,771 billion at the end of 2017, thus amounting to around 54% of nominal gross domestic product.

A study conducted by the Bundesbank's Research Centre shows that Germany's expansionary fiscal policy had a stimulating effect during the crisis. However, its impact on other countries within the euro area was marginal.