Balance of payments
The balance of payments records all economic transactions between residents and non-residents within a given time period and thus shows a country’s complex economics links with the rest of the world.
Current data and changes compared with the previous month
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German balance of payments in October 2024
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.
Further information
100 years of the German balance of payments: 1924 to 2024
To mark the anniversary, we would like to take a look back. We will take you on a short journey through history and show you where the balance of payments in 1924 and 2024 are still very similar and where they differ (significantly).
Completion
And as in flight, the 100th year of the German balance of payments also passed. We hope that with this series we have been able to give you an interesting insight into the many different aspects of the balance of payments from 1922 to the present day.
On the occasion of the 100th birthday of the German balance of payments, an anniversary volume was also created in 2024 in which standard setters and users reflect their view of the balance of payments in general and the German contribution to development in particular. After the technical process has been completed, this publication will be published as an open source project here in the course of 2025. With the cover and the content, we can give you a taste of this interesting work.
We are looking forward to the exciting developments that will certainly continue in the external sector in the coming years.