Germany’s current account recorded a surplus of €21.2 billion in July 2026. The result was €2.3 billion up on the level of the previous month. This was mainly due to a larger goods account surplus. By contrast, there was a decrease in the surplus in invisible current transactions, which comprise services as well as primary and secondary income. 

The statistics on services by mode of supply provide information on how the service was provided. A distinction is made between four categories.

German banks tightened their credit standards for loans to enterprises, for housing loans to households as well as for consumer credit and other loans to households in the second quarter 2026.

At the end of 2025, Germany’s net external assets totalled €3,661 billion, thus amounting to around 81 % of the country’s nominal gross domestic product (GDP). Overall, both assets and liabilities vis-à-vis non-residents rose further in 2025.

On the occasion of the 100th birthday of the German balance of payments, an anniversary volume was published by Springer-Verlag, which can also be downloaded free of charge at the following link.

The statistics on the money markets is on money market transactions, namely on secured, unsecured and certain derivatives money market transactions, concluded by monetary financial institutions (MFIs), with the exception of money market funds.

Monthly turnover data are available for industry and the retail trade sector. Quarterly time series are published for the services sector. The results for the retail trade are also included in the calculation of private consumption.

The change in the global world order and economic system isn’t a temporary phenomenon. Globalisation and digitalisation mean this change will be a perpetual process, First Deputy Governor Sabine Mauderer announced at a symposium organised by the Institute for Banking and Financial History (IBF) and the Center for Financial Studies (CFS). Hosted by the Bundesbank’s Regional Office in Hesse, this event saw participants discuss how trade conflicts can impact on the global economic system. Bundesbank Executive Board member Fritzi Köhler-Geib spoke on a panel about the outlook for the German and European economy.