Current Account in Germany

Germany Current Account | Economic News & Forecasts

Germany - Current Account

The economy expanded at the fastest rate in over a decade in the second quarter, as the gradual rollback of restrictions propelled domestic demand. The external sector, however, weighed on overall growth as imports rose at a markedly quicker pace than exports. Turning to Q3, private-sector business conditions improved at a stronger pace in July–August compared to Q2, particularly buoying the services sector. Furthermore, business confidence remained upbeat in July on an improvement in the current business climate. In addition, the unemployment rate ticked down further in the same month, which, coupled with consumers turning notably less pessimistic in July–August, bodes well for private consumption. Against this backdrop, Germans will head to the polls on 26 September to usher in the post-Merkel era, with her Christian Democrats and the Social Democratic Party neck-and-neck in the polls.

Germany - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)8.5  8.5  7.7  7.5  7.0  

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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

Value Change Date
Bond Yield-0.190.41 %Jan 01
Exchange Rate1.120.65 %Dec 31

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