Germany EUR

Germany Current Account

Info

History

Chart

Impact:

Low

Source: Deutsche Bundesbank

Latest Release:

Date:

Surprise:

€12.6B

Actual:

€34.1B

Forecast: €21.5B

Previous/Revision:

€20B

Period: Mar

Next Release:

Date:

Forecast: €29.5B

Period: Apr

What Does It Measure?

The Germany Current Account measures the country’s transactions with the rest of the world, focusing on trade in goods and services, income payments, and current transfers. It assesses the balance of trade, net income from abroad, and transfers like foreign aid, indicating whether Germany is a net lender or borrower on the global stage.

Frequency

The Current Account data is released quarterly, with initial estimates typically published around 45 days after the end of the quarter, followed by revised data in subsequent months.

Why Do Traders Care?

Traders pay close attention to the Current Account as it reflects the economic stability and competitiveness of Germany, influencing investor confidence in the euro and the overall European economy. A surplus suggests a strong economy that could attract foreign investment, while a deficit might raise concerns about financial sustainability.

What Is It Derived From?

The Current Account is derived from a combination of detailed surveys of businesses engaged in international trade, data from the central bank, and statistical analysis of cross-border payments. Information collected includes exports and imports of goods and services, investment income, and transfers between residents and non-residents.

Description

This indicator is typically reported on a quarterly basis using a quarter-over-quarter (QoQ) methodology, allowing for the examination of economic trends and reactions to global economic conditions by comparing each quarter to the previous one. QoQ fluctuations help highlight short-term economic dynamics, such as seasonal variations in trade activities.

Additional Notes

The Current Account is a lagging economic measure, reflecting economic activity that has already occurred. It serves as a vital tool for evaluating Germany's influence and position in global trade, along with being compared to the Eurozone and broader global trends.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 13, 2025	€34.1B	€21.5B	€20B	€12.6B
Apr 11, 2025	€20B	€15.9B	€15B	€4.1B
Mar 14, 2025	€11.8B	€19.5B	€20.9B	€-7.7B
Feb 12, 2025	€24B	€30.4B	€21.9B	€-6.4B
Jan 10, 2025	€24.1B	€22.5B	€13.7B	€1.6B
Dec 12, 2024	€12.5B	€15B	€21.3B	€-2.5B
Nov 12, 2024	€22.6B	€25.7B	€17.1B	€-3.1B
Oct 11, 2024	€14.4B	€20.6B	€17.7B	€-6.2B
Sep 12, 2024	€16B	€20.5B	€20.6B	€-4.5B
Aug 12, 2024	€23.2B	€23.3B	€18.4B	€-0.1B
Jul 12, 2024	€18.5B	€12B	€25.9B	€6.5B
Jun 12, 2024	€25.9B	€20.8B	€27.6B	€5.1B
May 13, 2024	€27.6B	€26.5B	€28.7B	€1.1B
Apr 11, 2024	€29.8B	€27.6B	€28B	€2.2B
Mar 14, 2024	€29.7B	€22.1B	€31.6B	€7.6B
Feb 13, 2024	€31.4B	€32B	€30.5B	€-0.6B
Jan 11, 2024	€30.8B	€22.5B	€20B	€8.3B
Dec 13, 2023	€21.4B	€20.3B	€28B	€1.1B
Nov 13, 2023	€28.1B	€16.7B	€22.8B	€11.4B
Oct 12, 2023	€16.6B	€15.9B	€18.7B	€0.7B
Sep 12, 2023	€18.7B	€22.3B	€28.4B	€-3.6B
Aug 11, 2023	€29.6B	€19.6B	€8.2B	€10B
Jul 13, 2023	€8.9B	€16.5B	€22.4B	€-7.6B
Jun 13, 2023	€21.8B	€21.6B	€30.5B	€0.2B
May 12, 2023	€32.4B	€20.5B	€22.6B	€11.9B
Apr 13, 2023	€22.6B	€19.1B	€17B	€3.5B
Mar 15, 2023	€16.2B	€16.8B	€25.6B	€-0.6B
Feb 10, 2023	€24.3B	€12.5B	€17.5B	€11.8B
Jan 12, 2023	€16.9B	€8.8B	€5.7B	€8.1B
Dec 13, 2022	€5.9B	€15.1B	€11.7B	€-9.2B
Nov 11, 2022	€14.8B	€11.6B	€0.9B	€3.2B
Oct 13, 2022	€0.6B	€9.5B	€5.4B	€-8.9B
Sep 12, 2022	€5B	€13.3B	€14.3B	€-8.3B
Aug 11, 2022	€16.2B	€4.8B	€-0.4B	€11.4B
Jul 13, 2022	€2.5B	€3.5B	€9B	€-1B
Jun 10, 2022	€7.4B	€13.2B	€18.8B	€-5.8B
May 12, 2022	€18.8B	€28.5B	€21.1B	€-9.7B
Apr 12, 2022	€20.8B	€13.5B	€12.5B	€7.3B
Mar 16, 2022	€11B	€16.3B	€24.6B	€-5.3B
Feb 09, 2022	€23.9B	€22.1B	€18.9B	€1.8B
Jan 07, 2022	€18.9B	€17.6B	€17.6B	€1.3B
Dec 09, 2021	€15.4B	€21.5B	€20B	€-6.1B
Nov 09, 2021	€19.6B	€16.2B	€15.4B	€3.4B
Oct 08, 2021	€11.8B	€15.1B	€17.9B	€-3.3B
Sep 09, 2021	€17.6B	€24.4B	€22.5B	€-6.8B
Aug 09, 2021	€22.5B	€17.4B	€13.9B	€5.1B
Jul 08, 2021	€13.1B	€19.1B	€21B	€-6B
Jun 09, 2021	€21.3B	€18.9B	€30B	€2.4B
May 07, 2021	€30.2B	€25.2B	€18.6B	€5B
Apr 09, 2021	€18.8B	€22.5B	€17.6B	€-3.7B
Mar 09, 2021	€16.9B	€22.9B	€25.9B	€-6B
Feb 09, 2021	€28.2B	€23.4B	€21.2B	€4.8B
Jan 08, 2021	€21.3B	€21B	€22.9B	€0.3B
Dec 09, 2020	€22.5B	€24.2B	€25.2B	€-1.7B
Nov 09, 2020	€26.3B	€20.8B	€16.5B	€5.5B
Oct 08, 2020	€16.5B	€18.2B	€21B	€-1.7B
Sep 08, 2020	€20B	€22.9B	€20.4B	€-2.9B
Aug 07, 2020	€22.4B	€14B	€7B	€8.4B
Jul 09, 2020	€6.5B	€14.9B	€9.1B	€-8.4B
Jun 09, 2020	€7.7B	€14.9B	€25.6B	€-7.2B
May 08, 2020	€24.4B	€16.6B	€23.7B	€7.8B
Apr 09, 2020	€23.7B	€16.7B	€16.8B	€7B
Mar 09, 2020	€16.6B	€20.1B	€24.8B	€-3.5B
Feb 07, 2020	€29.4B	€22B	€24.1B	€7.4B
Jan 09, 2020	€24.9B	€16.9B	€22.9B	€8B
Dec 09, 2019	€22.7B	€19.5B	€24.9B	€3.2B
Nov 08, 2019	€25.5B	€20.4B	€17.3B	€5.1B
Oct 10, 2019	€16.9B	€18.1B	€21.3B	€-1.2B
Sep 09, 2019	€22.1B	€11.7B	€20.9B	€10.4B
Aug 09, 2019	€20.3B	€20.8B	€16.2B	€-0.5B
Jul 08, 2019	€16.5B	€10.5B	€22.9B	€6B
Jun 07, 2019	€22.6B	€21.1B	€30.9B	€1.5B
May 10, 2019	€30.2B	€25.6B	€17.5B	€4.6B
Apr 08, 2019	€16.3B	€17.5B	€18.8B	€-1.2B
Mar 11, 2019	€18.3B	€16.8B	€23.1B	€1.5B
Feb 08, 2019	€21B	€17.4B	€21.6B	€3.6B
Jan 09, 2019	€21.4B	€25.5B	€18.9B	€-4.1B
Dec 10, 2018	€15.9B	€19B	€21.4B	€-3.1B
Nov 08, 2018	€21.1B	€21.7B	€15.3B	€-0.6B
Oct 09, 2018	€15.3B	€16.2B	€15.1B	€-0.9B
Sep 07, 2018	€15.3B	€20B	€26.6B	€-4.7B
Aug 07, 2018	€26.2B	€21.2B	€13.3B	€5B
Jul 09, 2018	€12.6B	€14.6B	€23.5B	€-2B
Jun 08, 2018	€22.7B	€20B	€29.6B	€2.7B
May 08, 2018	€29.1B	€27B	€21.7B	€2.1B
Apr 09, 2018	€20.7B	€22.7B	€20.3B	€-2B
Mar 09, 2018	€22B	€15.1B	€28.8B	€6.9B
Feb 08, 2018	€27.8B	€25.1B	€27.2B	€2.7B
Dec 08, 2017	€18.1B	€20B	€25.8B	€-1.9B
Nov 09, 2017	€25.4B	€25B	€18B	€0.4B
Oct 10, 2017	€17.8B	€17B	€19.6B	€0.8B
Sep 08, 2017	€19.4B	€19.5B	€25B	€-0.1B
Aug 08, 2017	€23.6B	€24.8B	€16B	€-1.2B
Jul 10, 2017	€17.3B	€18.1B	€14.9B	€-0.8B
Jun 09, 2017	€15.1B	€29.2B	€31.1B	€-14.1B
May 09, 2017	€30.2B	€28.6B	€20.7B	€1.6B
Apr 07, 2017	€20.4B	€20.2B	€14.2B	€0.2B
Mar 10, 2017	€12.8B	€15.9B	€24.8B	€-3.1B
Feb 09, 2017	€24B	€25.1B	€24.6B	€-1.1B
Jan 09, 2017	€24.6B	€26.2B	€19.4B	€-1.6B
Dec 09, 2016	€18.4B	€23.4B	€24.4B	€-5B
Nov 08, 2016	€24.2B	€23.9B	€17.4B	€0.3B
Oct 10, 2016	€17.9B	€23.4B	€20.2B	€-5.5B
Sep 09, 2016	€18.6B	€23.5B	€26.3B	€-4.9B
Aug 09, 2016	€26.3B	€24.4B	€18.4B	€1.9B
Jul 08, 2016	€17.5B	€23.7B	€28.8B	€-6.2B
Jun 09, 2016	€28.8B	€23.4B	€29.9B	€5.4B
May 10, 2016	€30.4B	€25.2B	€21.1B	€5.2B
Apr 08, 2016	€20B	€24.3B	€14.3B	€-4.3B
Mar 10, 2016	€13.2B	€22.4B	€26.3B	€-9.2B
Feb 09, 2016	€25.6B	€23B	€24.3B	€2.6B
Jan 08, 2016	€24.7B	€22.3B	€22.9B	€2.4B
Dec 09, 2015	€23B	€23.4B	€25B	€-0.4B
Nov 09, 2015	€25.1B	€21.7B	€13.3B	€3.4B
Oct 08, 2015	€12.3B	€15.7B	€24.7B	€-3.4B
Sep 08, 2015	€23.4B	€21.3B	€24.4B	€2.1B
Aug 07, 2015	€24.4B	€21.2B	€11.8B	€3.2B
Jul 09, 2015	€11.1B	€17.2B	€21.2B	€-6.1B
Jun 08, 2015	€19.6B	€21.6B	€27.3B	€-2B
May 08, 2015	€27.9B	€21.6B	€16.6B	€6.3B