Balance of payments

The balance of payments records all economic transactions between residents and non-residents within a given time period and thus shows a country’s complex economics links with the rest of the world.

Press release

Current results

German balance of payments in November 2020

12.01.2021 | Deutsche Bundesbank DE

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.

German balance of payments in November 2020

Associated tables

German balance of payments vis-à-vis the United Kingdom

The United Kingdom is a very important economic partner for Germany. Each year, the two countries exchange goods services and income worth approximately €240 billion. The exchange of goods accounts for about 50% of this figure. Germany’s trade surplus with the United Kingdom amounts to around €45 billion per year. As an economic partner, it is second only to the United States.

Associated tables, UK

German balance of payments vis-à-vis the United States of America

Components of the current and financial account Country: United States of America

The charts show how the current and financial account balances, including the contributions made by each component, have evolved vis-à-vis the United States since 2006 (annual data).

Associated tables, USA