|Unit||Bil. DEM/Bil. EUR, CDASA|
|Adjustments||Calendar Adjusted and Seasonally Adjusted|
|Balance of Goods||Dec 2019||21.38||18.46||Bil. DEM/Bil. EUR, CDASA||Monthly|
|Current Account Balance||Dec 2019||24.04||22.75||Bil. DEM/Bil. EUR, CDASA||Monthly|
|Exports of Goods||Dec 2019||97,434||110,477||Mil. DEM/Mil. EUR, NSA||Monthly|
|Exports of Goods and Services||2019 Q4||406.13||405.44||Bil. EUR, CDASA||Quarterly|
|Imports of Goods||Dec 2019||81,358||92,514||Mil. DEM/Mil. EUR, NSA||Monthly|
|Imports of Goods and Services||2019 Q4||353.84||348.59||Bil. EUR, CDASA||Quarterly|
|Net Exports||2019 Q4||52.29||56.85||Bil. EUR, CDASA||Quarterly|
|Real Exports of Goods and Services||2019 Q4||110.96||110.55||Ch. Vol. Index 2015=100, NSA||Quarterly|
|Real Imports of Goods and Services||2019 Q4||117.84||116.98||Ch. Vol. Index 2015=100, NSA||Quarterly|
Regarding the definition of balance of payments transactions, the German balance of payments records both exchanges and unrequited transfers. Most of these transfers are government transfers to and from the EU. Transfers to the EU are largely contributions to the EU budget and are, by definition, classified as current transfers. Transfers from the EU are classified either as current or as capital transfers, consistent with the BPM6 guidelines.
In principle, Germany’s balance of payments statistics cover all transactions between residents (of the Federal Republic of Germany) and nonresidents. Resident institutional units are defined in conformity with the BPM6 concepts of economic territory and center of economic interest.
The economic territory covers the geographical territory administered by the German Federal Government. It includes that part of the continental shelf which is part of the Federal Republic under international agreements. The economic territory also includes free zones, warehouses and territorial exclaves, such as German embassies, consulates and military bases that are located in other countries. It excludes territorial enclaves of foreign embassies and international organizations that are located in Germany.
Data is subject to revisions.
The indentity primary income balance equals primary income credits minus primary income debits does not hold true per data reported by source.
Copyright: Deutsche Bundesbank, Frankfurt am Main, Germany