Germany: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Germany |
Trade balance as percent of GDP |
|---|---|
| Latest value | 2.06 |
| Reference | 2022 |
| Measure | percent |
| Source | The World Bank |
For that indicator, we provide data for Germany from 1970 to 2022. The average value for Germany during that period was 1.58 percent with a minimum of -4.61 percent in 1980 and a maximum of 7.6 percent in 2015.
The latest value from 2022 is 2.06 percent. For comparison, the world average in 2022 based on 133
countries is -4.84 percent.
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* indicates monthly or quarterly data series
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The trade balance for Germany and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).