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Germany Current Account to GDP Ratio

Germany's Current Account to GDP ratio rose to 5.8% in 2024, up from 5.5% in 2023. This increase stems from an improved trade balance as exports fell less than imports. Favorable terms of trade including lower energy prices and reduced import volumes, also supported the surplus. The primary income surplus growth was another key factor. Germany's record low Current Account to GDP ratio was -1.8% in 2000 and record high was 8.9% in 2016.

Yearly Historical Data (1980-2024)

(in %)
Year Current Account to GDP Ratio
2024 5.8%
2023 5.5%
2022 3.8%
2021 6.9%
2020 6.3%
2019 7.9%
2018 8.4%
2017 8.1%
2016 8.9%
2015 8.1%
2014 7.2%
2013 6.6%
2012 7.1%
2011 6.2%
2010 5.7%
2009 5.8%
2008 5.7%
2007 6.9%
2006 5.8%
2005 4.7%
2004 4.5%
2003 1.4%
2002 1.9%
2001 -0.4%
2000 -1.8%
1999 -1.4%
1998 -0.7%
1997 -0.5%
1996 -0.7%
1995 -1.2%
1994 -1.5%
1993 -1%
1992 -1.2%
1991 -1.5%
1990 2.9%
1989 4.6%
1988 4.1%
1987 3.9%
1986 4.2%
1985 2.7%
1984 1.5%
1983 0.6%
1982 0.7%
1981 -0.7%
1980 -1.7%
Germany Current Account to GDP Ratio : Definition
Germany's current account to GDP shows its net lending or borrowing relative to economic output. It's calculated by dividing the current account balance by Germany's GDP. The current account includes trade in goods/services, primary income like investment earnings and secondary income such as transfers. A positive value indicates a surplus while a negative value indicates a deficit.
Indicator Last Value Prior Value Period
Debt to GDP Ratio 62.2% 62.3% Dec'24
Private Credit (% GDP) 77.88% 81.81% 2023