Germany’s current account posted a surplus of €14.8 billion in July 2025, down €2.3 billion on the previous month’s level. The surplus in the goods account increased, but there was a stronger decline in the balance of invisible current transactions, which comprise services as well as primary and secondary income.

Scientific study on the expectations of firms in Germany

MiFID data are generated by a certain set of financial market participants which are obliged to report all trades in financial instruments that they conduct to the German Federal Financial Supervisory Authority (BaFin).

Germany’s current account recorded a surplus of €12.5 billion in October 2024, down €8.8 billion on the previous month’s level. This was caused by the smaller surplus in the goods account and especially by the shift to a deficit in invisible current transactions, which comprise services as well as primary and secondary income.

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.