Germany current account

Germany current account: 18500 (-28.57%)
Last Update: May 31, 2024

Germany current account closed down 18500 as of May 31, 2024 from 25900 from the previous month and 4800.35 from last year.

Germany current account Analytics & Data

Germany current account

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Germany current account

2024-05-31 18500
2024-04-30 25900
2024-03-31 27600
2024-02-29 28772.22
2024-01-31 27912.67
2023-12-31 31619.51
2023-11-30 28073.4
2023-10-31 9002.42
2023-09-30 26231.4
2023-08-31 20796.5
2023-07-31 18479.46
2023-06-30 21806.82
2023-05-31 4800.35
2023-04-30 18590.71
2023-03-31 25792.08
2023-02-28 22465.53
2023-01-31 16963.67
2022-12-31 26880.79
2022-11-30 20245.55
2022-10-31 8584.86
2022-09-30 11373.78
2022-08-31 659.92
2022-07-31 7848.94
2022-06-30 15424.18

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Germany current account Statistics

current accountde.currentaccount18500.025900-29285DownUP982024-05-31

Germany current account Factors

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Germany current account Historical Data

The MacroVar database offers free access to historical data for the Germany current account, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Germany current account data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Germany current account

Germany's current account refers to the overall balance of trade and financial transactions that the country has with the rest of the world. This includes exports and imports of goods and services, as well as income received from abroad and payments made to foreign entities. Germany has a consistently strong current account surplus, meaning that it exports more than it imports and receives more income from abroad than it pays out. This surplus is largely driven by the country's strong manufacturing sector and competitive exports. The surplus has led to criticism from some countries, particularly those with trade deficits, who argue that Germany's economic policies contribute to global imbalances.