Germany: Selected Issues

July 15, 2015

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Germany: Selected Issues, (USA: International Monetary Fund, 2015) accessed December 23, 2024

Summary

This Selected Issues paper identifies episodes of large and sustained current account surpluses in advanced economies (AEs) and compares Germany’s ongoing surplus with those episodes. In doing so, the paper aims to put Germany’s external position in a historical and cross-country context drawing from 55 years of data across 20 AEs. The comparison shows that the real growth of all domestic demand components, particularly of private investment, was remarkably weak during the latest sustained surplus episode in Germany in comparison with both “normal times” and other AE surplus episodes. Neither Germany’s nor a typical AE surplus episode has been accompanied by visible, broad-based competitiveness or terms of trade gains.

Subject: Balance of payments, Current account surpluses, Expenditure, Gender, Labor, Public investment and public-private partnerships (PPP), Public investment spending, Women

Keywords: Asia and Pacific, Audit PPP contract, CR, Current account surpluses, Europe, Federal state, Föderales PPP Netzwerk, Germany, Global, Government, ISCR, PPP investment volume, Public investment and public-private partnerships (PPP), Public investment spending, Surplus, Surplus episode, Terms of trade data, Western Europe, Women

Publication Details

Pages:

35
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/188
Stock No:

1DEUEA2015002
ISBN:

9781513572307
ISSN:

1934-7685

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