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.
Brexit: adjustments of the balance of payments statistic
For the balance of payments statistics, aggregates are calculated based on the “fixed composition” concept.
Therefore new aggregates vis-à-vis other EU countries (“EU 27 – excluding UK) will be released from reference period February 2020 (release date April 2020). At that stage all back-data (monthly, quarterly and yearly data) will be recalculated.
Current results, in German only
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.
German balance of payments vis-à-vis the 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).