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Statistics on Services Trade by Modes of Supply
119 KB, XLSX
It is published once a year at the end of November. The previous year is revised with the publication of the current reporting year.
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The Phillips curve
The Phillips curve was invented by UK economist Alban William Phillips, who observed a correlation between nominal wage growth and the unemployment rate for the period 1861 to 1957. The original version of the curve implies a trade-off between unemployment and inflation. Empirical evidence shows, however, that the relationship is not nearly as simple as that. Over the past 50 years, the Phillips curve has time and again been hotly debated, leading to numerous modifications.
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German balance of payments in December 2021
Germany’s current account recorded a surplus of €23.9 billion in December 2021, up €5.4 billion on the previous month’s level. The surplus in the goods account declined, but the surplus in invisible current transactions, which comprise services as well as primary and secondary income, increased considerably more strongly.
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Europäischer Wirtschaftsraum (EWR)
No English translation available
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Acquisition of financial assets and external financing in Germany in the fourth quarter of 2017 Results of the financial accounts by sector
At the end of 2017, German households’ financial assets amounted to €5,857 billion, up by €78 billion, or 1.4%, on the third quarter of the year.
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MiFID II / MiFIR
59 KB, PDF
The effectiveness of monetary policy greatly depends on the operations agreed for this purpose being conducted in a timely and confidential manner. For all operations performed with non-capital instruments, Article 1 (6) MiFIR therefore requires members of the European System of Central Banks (ESCB) to obtain an explicit exemption from the obligation to publish trade data when implementing monetary policy in line with their statutory powers.
For further information, please refer to Bundesbank Circular No 53/2017.
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