Germany’s current account recorded a surplus of €21.3 billion in November 2020, down €1.6 billion from the previous month’s level. This was primarily attributable to a decrease in the goods account surplus. By contrast, the surplus in invisible current transactions, which comprise services as well as primary and secondary income, expanded only slightly.

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

Germany’s current account recorded a surplus of €26.3 billion in September 2020, up €9.7 billion from the previous month’s level.

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

At the end of 2019, Germany’s net external assets stood at €2,472 billion, thus amounting to almost 72% of nominal gross domestic product (GDP). The German net external asset position rose by €345 billion year-on-year.

Germany’s current account posted a surplus of €20.0 billion in July 2020, down €0.5 billion from the previous month’s level.

Die deutsche Leistungsbilanz verzeichnete im Juni 2020 einen Überschuss von 22,4 Mrd €. Das Ergebnis lag damit um 15,4 Mrd € über dem Niveau des Vormonats.

Germany’s current account recorded a surplus of €6.5 billion in May 2020, putting it €2.6 billion below its level in April.

Germany’s current account recorded a surplus of €7.7 billion in April 2020,1 putting it €17.9 billion below the March level.  

The German economy was buoyant during the first three months of the year. The Bundesbank economists, writing in the latest Monthly Report, expect economic output to remain on a marked upward trajectory in the second quarter. Another topic they discuss is what needs to be done to strengthen the regulatory framework underpinning European monetary union.