Makrognosis

Germany Credit Rating & Sovereign Risk Score

Model scoreCode CREDIT:DE

Model score94 / 1009 Nov 2026
Grade equivalentAA+model-implied
BandUpper investment grade0–100 scale, 100 = strongest
Rank6th of 84economies scored

Makrognosis sovereign credit model scores Germany at 94 out of 100 as of 9 November 2026, equivalent to AA+ on the familiar letter scale — upper investment grade.

The score is down 0.7 points from 95 on 1 October 2026.

That places Germany 6th of the 84 economies the model scores; Russia has the highest score at 100.

Key inputs include government debt of 63.4% of GDP, a fiscal balance of −2.9% of GDP, a current account balance of 4.4% of GDP.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Germany sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 202680859095Robomacro
Germany sovereign credit score (0–100), 18 Jun 2026 – 9 Nov 2026. Source: Makrognosis sovereign credit model.

Score history

Assessment dateScoreGrade equivalent
9 November 202694.5AA+
1 October 202695.2AA+
31 July 202695.2AA+
30 July 202697.2AA+
26 July 202697.4AA+
21 June 202684.4AA-
18 June 202691.8AA
Get the Germany sovereign risk score in your code

Score, grade equivalent and inputs for 84 economies. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/credit/DE"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/credit/DE",
                 headers={"X-API-Key": KEY})
score = r.json()["headline"]["score_0_100"]
Get a free API key → · API docs

What drives the score

The model's published inputs for Germany, from official national and international statistics.

InputValueVintage
GDP per capitaUS$54,2402026
Real GDP growth, 5-year average1.1%2026
Inflation, recent average2.6%2026
Government debt63.4% of GDP2026
Fiscal balance−2.9% of GDP2026
Current account balance4.4% of GDP2026
Foreign-exchange reserves3.1 months of imports2026
Net international investment position80.8% of GDP2026
Governance (World Bank WGI composite)1.362026

How Germany compares

#EconomyAs ofScore
1Russia9 Nov 2026100
2Turkey9 Nov 2026100
3Denmark9 Nov 202698
4Switzerland9 Nov 202696
5Netherlands9 Nov 202695
6Germany9 Nov 202694
7Ireland9 Nov 202694
8Sweden9 Nov 202694
9Norway9 Nov 202694
10Canada9 Nov 202691
11Australia9 Nov 202690
12Japan9 Nov 202689

All 84 economies ranked →

Germany economic indicators

Germany GDP (Gross Domestic Product)Germany Gross domestic product, Current prices, million EURGermany Inflation Rate (CPI)Germany Core Inflation RateGermany Unemployment RateGermany 10-Year Government Bond YieldGermany Industrial ProductionGermany Retail SalesGermany Producer Price Inflation (PPI)Germany Current account balance (BPM6, vs rest of world), not seasonally adjustedGermany Current account balance, % of GDPGermany Trade Balance: Goods & ServicesGermany Exports of goods and services, Current prices, million EURGermany Exports of goods and services, chain-linked volumeGermany Exports of goods, total (World), calendar+seasonally adjustedGermany Imports of goods and services, Current prices, million EUR

FAQ

What is Germany's credit rating?
Makrognosis sovereign credit model scores Germany at 94/100 as of 9 November 2026, equivalent to AA+ (upper investment grade). This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.
How is the sovereign risk score calculated?
A statistical model scores each economy from published inputs — government debt and fiscal balance, current account and external debt, GDP per capita and growth, inflation, reserves and governance — on a 0–100 scale where 100 is the strongest credit. It is re-run as the inputs update.
Where can I get the data?
Through the Makrognosis API: GET /v1/credit/DE returns the score history and inputs; /v1/credit/universe lists every economy.

This is a model-implied assessment built from official macroeconomic data. It is not a credit rating issued by S&P, Moody's or Fitch, and agency ratings are not reproduced here.

Last assessed 2026-11-09. Source: Makrognosis sovereign credit model.