Current Account in Germany

Germany Current Account | Economic News & Forecasts

Germany - Current Account

The economy continues to stumble against an increasingly uncertain global and domestic political background. First-quarter data disappointed, and available figures for the second quarter continue to be lackluster. At the start of the quarter, industrial production moderated, while retail sales were weak despite record-low unemployment levels continuing into May. Moreover, in the second quarter, the average PMI, consumer confidence and business sentiment readings trended lower compared to the prior quarter. Business confidence deteriorated on the back of pessimistic outlooks on future business conditions amid global and domestic geopolitical tensions. The United States could slap tariffs on European cars, which would especially hit German industry, given Germany’s position as Europe’s leading car manufacturer. Politically, Chancellor Angela Merkel’s coalition looks shaky, as pressure builds over the EU’s migration policies.

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

ValueChangeDate
Bond Yield0.280.41 %Jul 13
Exchange Rate1.170.65 %Jul 13
Stock Market12,541-0.41 %Jul 13

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