Current Account in Germany

Germany Current Account (EUR bn) | Economic News & Forecasts

Germany - Current Account (billions of Euros)

Annegret Kramp-Karrenbauer was elected the new chief of Germany’s Christian Democrats (CDU) on 7 December, replacing Chancellor Angela Merkel as analysts question whether the economy is beginning to show signs of a prolonged loss of steam, or is simply being negatively affected by a conflux of one-off factors. In the third quarter, the economy shrunk for the first time in over two years on the back of weakening domestic demand and a contraction in exports. Additionally, the automotive sector struggled due to new emission regulations, dealing a blow to the economy. Data from the fourth quarter of this year paints a somewhat grim picture. The composite PMI averaged significantly lower in October-November than in the third quarter, while consumer confidence is expected to ease further in December to its lowest level since June 2017. Although business confidence remained in optimistic territory, it moderated for the third consecutive month in December. However, the unemployment rate continued to fall in the same month, while retail sales grew at the strongest clip in over a year in October.

Germany - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)190  219  271  269  262  

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Germany Current Account (EUR bn) Chart

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

Germany Facts

Bond Yield0.170.41 %Jan 16
Exchange Rate1.140.65 %Jan 16
Stock Market10,931-0.41 %Jan 16

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