Germany’s current account recorded a surplus of €29.7 billion in January 2024, down €1.9 billion on the previous month’s level. The goods account surplus increased significantly, but this was outweighed by a stronger decline in the surplus in invisible current transactions, which comprise services as well as primary and secondary income.

Germany’s current account recorded a surplus of €30.8 billion in November 2023, up €10.8 billion on the previous month’s level. This was primarily caused by the shift into a surplus in invisible current transactions, which comprise services as well as primary and secondary income. Moreover, the surplus in the goods account increased.

2022 saw Germany’s current account surplus drop by €116 billion to €162 billion. In relation to nominal gross domestic product (GDP), it fell by 3½ percentage points to 4¼%. This represents the largest decline since German reunification and the lowest figure since 2003. 

Germany’s current account recorded a surplus of €21.4 billion in October 2023, down €6.6 billion on the previous month’s level.

Die deutsche Leistungsbilanz verzeichnete im September 2023 einen Überschuss von 28,1 Mrd €. Das Ergebnis lag um 5,3 Mrd € über dem Niveau des Vormonats. 

Germany’s current account recorded a surplus of €24.3 billion in December 2022, up €6.9 billion on the previous month’s level. While the surplus in the goods account actually decreased, the surplus in invisible current transactions, which comprise services as well as primary and secondary income, experienced a considerably stronger increase.

Germany’s current account recorded a surplus of €8.9 billion in May 2023, down €13.4 billion on the previous month’s level. This was because invisible current transactions, which comprise services as well as primary and secondary income, switched to a deficit. The surplus in the goods account remained virtually unchanged.