Current account balance as a proportion of gdp in Germany
Germany: Current account balance as a proportion of gdp was 5.94 in 2023. ▲ Rising
Latest (2023)
5.94
Change on year
up 33.8%
World rank
34th
of 191 countries
All-time high
8.9
in 2016
All-time low
-1.51
in 2000
Years of data
24
2000–2023
Current account balance as a proportion of gdp in Germany, 2000–2023
Source: Our World in Data.
Analysis
Germany recorded 5.94 for current account balance as a proportion of gdp in 2023.
The figure is up 33.8% on the previous year and down 11.7% over ten years.
Over the whole period, current account balance as a proportion of gdp in Germany peaked at 8.9 in 2016 and was at its lowest, -1.51, in 2000.
That places Germany 34th out of 191 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Current account balance as a proportion of gdp in Germany, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -1.51 | — |
| 2001 | -0.17 | -88.7% |
| 2002 | 1.98 | -1264.7% |
| 2003 | 1.53 | -22.7% |
| 2004 | 4.53 | +196.1% |
| 2005 | 4.64 | +2.4% |
| 2006 | 5.84 | +25.9% |
| 2007 | 6.71 | +14.9% |
| 2008 | 5.58 | -16.8% |
| 2009 | 5.87 | +5.2% |
| 2010 | 5.77 | -1.7% |
| 2011 | 6.26 | +8.5% |
| 2012 | 7.19 | +14.9% |
| 2013 | 6.73 | -6.4% |
| 2014 | 7.19 | +6.8% |
| 2015 | 8.1 | +12.7% |
| 2016 | 8.9 | +9.9% |
| 2017 | 8.08 | -9.2% |
| 2018 | 8.44 | +4.5% |
| 2019 | 7.88 | -6.6% |
| 2020 | 6.35 | -19.4% |
| 2021 | 6.93 | +9.1% |
| 2022 | 4.44 | -35.9% |
| 2023 | 5.94 | +33.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.5 | -1.51 | 6.71 | 10 |
| 2010s | 7.45 | 5.77 | 8.9 | 10 |
| 2020s | 5.92 | 4.44 | 6.93 | 4 |
Countries ranked near Germany
More economy & growth data for Germany
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7761 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.6565 Percent per annum (2029)
- GDP (constant 2015 US$), annual growth rate 0.2396 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7297 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 44,147 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 0.2394 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 0.7146 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 43,232 constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 3.58 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2429 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Germany?
- Current account balance as a proportion of gdp in Germany was 5.94 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Germany?
- The highest recorded value was 8.9 in 2016.
- What is the lowest current account balance as a proportion of gdp recorded in Germany?
- The lowest recorded value was -1.51 in 2000.
- How does Germany rank for current account balance as a proportion of gdp?
- Germany ranks 34th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Germany?
- Over the last ten years it is down 11.7%. The long-run trend across the full record is rising.
- Where does this Germany data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).