Germany Current Account to GDP

Germany is expected to record a Current Account surplus of 7.30 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Germany is reported by the Eurostat. Current Account to GDP in Germany averaged 2.29 Percent from 1980 until 2013, reaching an all time high of 7.40 Percent in 2007 and a record low of -1.70 Percent in 1980. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Germany Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.30 7.40 7.40 -1.70 7.73 | 2014/06 1980 - 2013 Percent Yearly

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Germany Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 7.30 2013-12-31 7.40 7.40 -1.70 7.73 2014-06-30 Percent [+]
Capital Flows -25988.80 2014-02-15 -711.80 21575.30 -33307.70 -22537.72 2014-02-28 EUR Million [+]
External Debt 653123.00 2014-03-31 674528.00 922123.00 60638.00 667485.27 2014-03-31 EUR Million [+]
Foreign Direct Investment 4269.73 2014-02-15 -1951.15 140457.80 -31502.04 8887.24 2014-02-28 EUR Million [+]
Remittances -826.00 2013-08-15 -826.00 -601.00 -1228.00 -861.36 2013-12-31 EUR Million [+]
Current Account 13879.18 2014-02-15 15200.00 24180.31 -9121.78 17558.32 2014-03-31 EUR Million [+]
Balance of Trade 16264.00 2014-02-15 15000.00 20277.00 -536.00 16004.73 2014-03-31 EUR Million [+]
Exports 92402.00 2014-02-15 90700.00 99117.15 226.39 96436.64 2014-03-31 EUR Million [+]
Imports 76138.00 2014-02-15 71500.00 82465.45 346.78 76538.63 2014-03-31 EUR Million [+]
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Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


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German trade surplus widened to € 16.3 billion in February of 2014 from € 15.0 billion in the previous month. Compared with the same month last year, the trade surplus narrowed slightly by 3 percent, as imports rose the most in nearly two-and-a-half years.
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In February of 2014, German seasonally adjusted jobless rate rose slightly to 5.1 percent from 5.0 percent in the previous month, figures published by the Federal Statistical Office showed. Youth unemployment rose to 7.7 percent from 7.6 percent in January.
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Annual consumer prices in Germany are expected to slow to 1.0 percent in March of 2014, preliminary figures showed. The inflation rate decelerated for the third consecutive month, as energy prices keep falling.
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Consumer prices in Germany are expected to rise by 1.2% in February 2014 compared with February 2013, according to the preliminary data released by the Federal Statistical Office. The relatively low inflation rate is mainly due to decrease in energy prices.
Germany’s Unemployment Rate Down to 5% in January  
In January of 2014, German seasonally adjusted jobless rate fell to 5 percent from 5.1 percent in the previous month, figures published by the Federal Statistical Office showed. Youth unemployment fell slightly to 7.6 percent from 7.7 percent in December.
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In the last quarter of 2013, the German GDP expanded by 0.4 percent on a quarter-on-quarter basis, confirming an earlier estimate and boosted by foreign trade, while domestic demand remained weak.
German GDP Beats Expectations in Q4 2013  
German economic growth accelerated to 0.4 percent in the fourth quarter of 2013 up from 0.3 percent in the previous three-month period, supported by a rise in exports and capital investment.
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