Germany current account balance with Switzerland
Germany current account balance with Switzerland stood at 1,371.62 EUR million in Aug 2026, according to Deutsche Bundesbank. It is one of the indicators in the Current account by partner country table (Value · Monthly), with a complete series running from Jan 1971 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Current account by partner country table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Other European countries | |||||||||||
| Switzerland | 1,371.62 | 893.75 | 1,198.37 | 209.44 | 859.44 | 2,887.95 | 1,287.25 | 1,855.52 | -2,573.04 | 1,402.65 | |
| United Kingdom | 4,571.45 | 6,297.3 | 9,633.03 | 854.06 | 2,213.8 | 5,262.29 | 3,499.64 | 4,445.29 | 4,880.14 | 4,394.03 |
Understanding germany current account balance with Switzerland
Focusing exclusively on non-EU interactions within the "Other European countries" bracket, this indicator quantifies the net flow of goods, services, primary income, and secondary transfers between German and Swiss residents. The measure strips out transactions with all other non-EU European states to present a pure view of this specific partner. The compiled figures account for a unique blend of physical commodity trade, specialized financial services, intellectual property royalties, and the wages of frontier workers commuting across the shared border, representing the entire current balance of payments picture for this specific pairing.
As a series devoid of seasonal adjustment, the monthly values exhibit significant volatility tied to quarterly dividend cycles, banking sector bonus distributions, and holiday-related travel patterns. Analysts should strictly perform year-on-year comparisons to gauge structural changes in the relationship, as short-term sequential readings contain too much calendar-driven noise to be analytically sound. The initial publications are consistently subject to retroactive corrections once detailed financial sector surveys and definitive corporate tax filings are integrated. Caution is required when cross-referencing this dataset against national customs data, as the significant volume of Swiss merchanting and transit trade necessitates complex ownership adjustments before inclusion in the current account.
Frequently asked questions
- Are banking fees paid to Swiss financial institutions included?
- Financial services, including explicitly charged fees and implicitly measured intermediation services, are a key component of the services balance.
- How is the movement of gold treated in this bilateral measure?
- Non-monetary gold traded as a commodity is included in the goods account, whereas monetary gold held as reserve assets is excluded.
- Do cross-border commuting wages impact the net balance?
- Yes, the earnings of frontier workers crossing the border daily are logged under compensation of employees within primary income.