Germany - Current Account Balance

Germany: Current Account Balance

Mnemonic TAB.IDEU
Unit Bil. DEM/Bil. EUR, CDASA
Adjustments Calendar Adjusted and Seasonally Adjusted
Monthly 11.35 %
Data Nov 2020 19.91
Oct 2020 22.46

Series Information

Source Deutsche Bundesbank
Release Balance of Payments
Frequency Monthly
Start Date 1/31/1991
End Date 11/30/2020

Germany: Trade

Reference Last Previous Units Frequency
Balance of Goods Nov 2020 18.16 19 Bil. DEM/Bil. EUR, CDASA Monthly
Current Account Balance Nov 2020 19.91 22.46 Bil. DEM/Bil. EUR, CDASA Monthly
Exports of Goods Nov 2020 110,614 110,174 Mil. DEM/Mil. EUR, NSA Monthly
Imports of Goods Nov 2020 92,070 89,863 Mil. DEM/Mil. EUR, NSA Monthly
Exports of Goods and Services 2020 Q3 365.86 310.61 Bil. EUR, CDASA Quarterly
Imports of Goods and Services 2020 Q3 310.59 281.56 Bil. EUR, CDASA Quarterly
Net Exports 2020 Q3 55.28 29.05 Bil. EUR, CDASA Quarterly
Real Exports of Goods and Services 2020 Q3 100.77 85.23 Ch. Vol. Index 2015=100, NSA Quarterly
Real Imports of Goods and Services 2020 Q3 106.74 95.52 Ch. Vol. Index 2015=100, NSA Quarterly

Release Information

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