Current Account in Germany

Germany Current Account | Economic News & Forecasts

Germany - Current Account

The German economy remains entangled in a tale of two narratives: robust domestic fundamentals and a challenging external environment. Domestically, a healthy labor market supported by a strong services sector likely buttressed private consumption in the first quarter of the year. Employment continued to grow steadily through February while the unemployment rate reached a new post-unification low in March. Combined with elevated consumer confidence, this buoyed retail sales growth in both January and February after a contraction in the fourth quarter of last year. On the other hand, the challenging external environment and struggling car industry have affected the manufacturing sector, which entered a downturn in the first quarter. Moreover, trade data for January and February showed that exports fell in both months. Looking at Q2, April’s PMI data suggests the dichotomy continued.

Germany - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)6.9  7.2  8.9  8.5  8.0  

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Germany Current Account Chart

Germany Current Account
Note: Current account balance as % of GDP.
Source: German Central Bank and Met the why particular calculations.

Germany Facts

Bond Yield-0.070.41 %May 13
Exchange Rate1.120.65 %May 13
Stock Market11,877-0.41 %May 13

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