In April 2024, Germany’s current account recorded a surplus of €25.9 billion, down €1.9 billion on the previous month’s level. This was due to a decrease in the goods account surplus.

The finance ministers and central bank governors of the seven leading western industrial countries (G7) met in Stresa, Italy, to exchange views on current issues. Bundesbank President Joachim Nagel and Federal Minister of Finance Christian Lindner held a joint press conference at which the main focus was on the development of the global economy and trade, but other topics on the agenda were current affairs and interest rate developments.

Germany’s current account recorded a surplus of €32.4 billion in March 2023, up €9.9 billion on the previous month’s level. This was chiefly attributable to a larger goods account surplus. In addition, the surplus in invisible current transactions, which comprise services as well as primary and secondary income, rose.