diff --git a/packages/loot-core/src/shared/util.test.ts b/packages/loot-core/src/shared/util.test.ts
index c8160f102d..019b51c345 100644
--- a/packages/loot-core/src/shared/util.test.ts
+++ b/packages/loot-core/src/shared/util.test.ts
@@ -64,4 +64,15 @@ describe('utility functions', () => {
     formatter = getNumberFormat().formatter;
     expect(formatter.format(Number('1234.56'))).toBe('1\xa0235');
   });
+
+  test('number formatting works with space-dot format', () => {
+    setNumberFormat({ format: 'space-dot', hideFraction: false });
+    let formatter = getNumberFormat().formatter;
+    // grouping separator space char is a non-breaking space, or UTF-16 \xa0
+    expect(formatter.format(Number('1234.56'))).toBe('1\xa0234.56');
+
+    setNumberFormat({ format: 'space-dot', hideFraction: true });
+    formatter = getNumberFormat().formatter;
+    expect(formatter.format(Number('1234.56'))).toBe('1\xa0235');
+  });
 });
diff --git a/packages/loot-core/src/shared/util.ts b/packages/loot-core/src/shared/util.ts
index 1cc1cb9321..e6f4f13377 100644
--- a/packages/loot-core/src/shared/util.ts
+++ b/packages/loot-core/src/shared/util.ts
@@ -252,6 +252,7 @@ export let numberFormats = [
   { value: 'comma-dot', label: '1,000.33', labelNoFraction: '1,000' },
   { value: 'dot-comma', label: '1.000,33', labelNoFraction: '1.000' },
   { value: 'space-comma', label: '1 000,33', labelNoFraction: '1 000' },
+  { value: 'space-dot', label: '1 000.33', labelNoFraction: '1 000' },
 ];
 
 let numberFormat: {
@@ -279,6 +280,11 @@ export function setNumberFormat({ format, hideFraction }) {
       regex = /[^-0-9,]/g;
       separator = ',';
       break;
+    case 'space-dot':
+      locale = 'dje';
+      regex = /[^-0-9,]/g;
+      separator = '.';
+      break;
     case 'comma-dot':
     default:
       locale = 'en-US';
diff --git a/upcoming-release-notes/995.md b/upcoming-release-notes/995.md
new file mode 100644
index 0000000000..d13424aa62
--- /dev/null
+++ b/upcoming-release-notes/995.md
@@ -0,0 +1,6 @@
+---
+category: Enhancements
+authors: [TheTrueCaligari]
+---
+
+Number Format: Add a new option (space-dot) e.g. "1 234.56"