Current Account in Germany

Germany Current Account | Economic News & Forecasts

Germany - Current Account

The economy was hamstrung in Q2 by the external sector: Exports contracted strongly and domestic demand was unable to cushion the downturn. Private consumption growth slowed noticeably and fixed investment contracted. Data for the third quarter, meanwhile, continues to signal diverging trends. Industrial activity remained in a tough spot amid severe weakness in the manufacturing sector. In addition, consumer sentiment averaged lower in Q3 compared to the previous quarter. On the upside, the unemployment rate hit a record low in July, while the services sector expanded robustly in July and August. Against this backdrop, the government unveiled a somewhat looser budget as the fiscal surplus is expected to narrow and announced, on 20 September, a package of stimulus measures to fight climate change; the impact of the latter on the economy should be modest, however.

Germany - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)6.7  6.9  8.5  8.4  7.9  

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Germany Current Account Chart

Germany Current Account
Note: Current account balance as % of GDP.
Source: German Central Bank and FocusEconomics calculations.

Germany Facts

Bond Yield-0.680.41 %Sep 04
Exchange Rate1.100.65 %Sep 04
Stock Market12,025-0.41 %Sep 04

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