Germany - Current Account Balance

Germany: Current Account Balance

Mnemonic	TAB.IDEU
Unit	Bil. DEM/Bil. EUR, CDASA
Adjustments	Calendar Adjusted and Seasonally Adjusted
	Monthly	17 %
Data	Jan 2023	18.65
	Dec 2022	15.94

Series Information

Source	Deutsche Bundesbank
Release	Balance of Payments
Frequency	Monthly
Start Date	1/31/1991
End Date	1/31/2023

Germany: Trade

	Reference	Last	Previous	Units	Frequency
Balance of Goods	Jan 2023	14.65	12.69	Bil. DEM/Bil. EUR, CDASA	Monthly
Current Account Balance	Jan 2023	18.65	15.94	Bil. DEM/Bil. EUR, CDASA	Monthly
Exports of Goods	Jan 2023	120,957	123,385	Mil. DEM/Mil. EUR, NSA	Monthly
Imports of Goods	Jan 2023	111,083	112,536	Mil. DEM/Mil. EUR, NSA	Monthly
Exports of Goods and Services	2022 Q4	493.89	502.19	Bil. EUR, CDASA	Quarterly
Imports of Goods and Services	2022 Q4	470.18	493.55	Bil. EUR, CDASA	Quarterly
Net Exports	2022 Q4	23.71	8.64	Bil. EUR, CDASA	Quarterly
Real Exports of Goods and Services	2022 Q4	117.02	113.67	Ch. Vol. Index 2015=100, NSA	Quarterly
Real Imports of Goods and Services	2022 Q4	127.7	127.49	Ch. Vol. Index 2015=100, NSA	Quarterly

Release Information

Description

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.

Methodology

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.

Revisions

Data is subject to revisions.

Notes

The indentity primary income balance equals primary income credits minus primary income debits does not hold true per data reported by source.