Germany GDP Growth Rate 1970-2017 | Data | Chart | Calendar | Forecast

The German economy expanded a seasonally-adjusted 0.8 percent on quarter in the September quarter of 2017, following a 0.6 percent growth in the previous period and matching the preliminary estimate. It marked the 13th straight quarter of growth, mainly supported by foreign trade and investment while household consumption and government spending were rather stable. Year-on-year, the GDP advanced 2.8 percent, following an upwardly revised 2.3 percent expansion in the previous three months. On a non-seasonally adjusted basis the economy grew by 2.3 percent from a year earlier (from 1.0 percent in Q2). GDP Growth Rate in Germany averaged 0.51 percent from 1970 until 2017, reaching an all time high of 4 percent in the second quarter of 1970 and a record low of -4.50 percent in the first quarter of 2009.

Germany GDP Growth Rate
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German Q3 GDP Growth Confirmed at 0.8%


The German economy expanded a seasonally-adjusted 0.8 percent on quarter in the September quarter of 2017, following a 0.6 percent growth in the previous period and matching the preliminary estimate. It marked the 13th straight quarter of growth, mainly supported by foreign trade and investment while household consumption and government spending were rather stable.

Positive contribution to GDP mainly came from net trade (0.4 percetage points) and fixed investment (0.1 percentage points). Also, changed in inventories added 0.4 percentage points to growth Meantime, household consumption subtracted 0.1 percentage points from growth while government spending gave no contribution to growth.

Quarter-on-quarter, exports rose 1.7 percent, faster than a 1.0 percent in the June quarter while imports went up at a slower 0.9 percent (from 2.4 percent).

Gross fixed capital formation went up 0.4 percent, following a 1.5 percent in the June quarter, supported by investment in machinery and equipment (1.5 percent from 3.3 percent) and that in other products (0.6 percent from 0.9 percent). Meantime, construction investment cotracted by 0.4 percent, after a 0.5 percent rise in Q2

Private consumption declined by 0.1 percent, compared to a 0.9 percent increase in the preceding quarter.

Government spending was flat, after a 0.2 percent rise in Q2.

Year-on-year, the GDP advanced 2.8 percent, following an upwardly revised 2.3 percent growth in the previous three months. On a non-seasonally adjusted basis the economy grew by 2.3 percent year-on-year (from 1.0 percent in Q2), as private consumption (2.1 percent from 2.2 percent) and government spending (0.9 percent from 1.1 percent) increased further. In addition, gross fixed capital formation went up at a faster 3.6 percent (from 2.1 percent in the June quarter), as investment growth accelerated for: machinery and equipment (4.6 percent from 1.5 percent) and construction (3.2 percent from 2.0 percent). Meanwhile, investment in other products grew by 3.2 percent (from 3.4 percent). Net external demand contributed positively to the GDP, as exports went up 4.8 percent while imports advanced at a faster 5.5 percent.


Destatis l Rida Husna |
11/23/2017 7:38:05 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-25 06:00 AM GDP Growth Rate QoQ Final 0.6% 0.7% 0.6% 0.6%
2017-11-14 07:00 AM GDP Growth Rate QoQ Flash 0.8% 0.6% 0.8% 0.5%
2017-11-23 07:00 AM GDP Growth Rate QoQ Final 0.8% 0.6% 0.8% 0.8%
2018-02-14 07:00 AM GDP Growth Rate QoQ Flash 0.8%
2018-02-23 07:00 AM GDP Growth Rate QoQ Final 0.8%
2018-05-15 06:00 AM GDP Growth Rate QoQ Flash


Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.60 4.00 -4.50 percent [+]
GDP Annual Growth Rate 2.80 2.30 7.20 -6.80 percent [+]
GDP 3466.76 3363.60 3879.28 215.02 USD Billion [+]
GDP Constant Prices 733.83 726.42 733.83 507.76 EUR Billion [+]
Gross National Product 836.45 823.14 836.45 389.93 EUR Billion [+]
Gross Fixed Capital Formation 149.23 147.79 149.23 107.52 EUR Billion [+]
GDP per capita 45551.51 45253.60 45551.51 19624.75 USD [+]
GDP per capita PPP 44072.39 43784.15 44072.39 31287.07 USD [+]
GDP From Agriculture 5.67 5.46 6.59 3.20 EUR Billion [+]
GDP From Construction 39.16 36.77 39.16 14.47 EUR Billion [+]
GDP From Manufacturing 171.90 168.54 171.90 90.56 EUR Billion [+]
GDP From Public Administration 133.60 128.61 135.28 50.63 EUR Billion [+]
GDP From Services 121.46 119.30 121.46 53.73 EUR Billion [+]


Germany GDP Growth Rate

Germany is the fifth largest economy in the world and the largest within the Euro Area. Germany is the second largest exporter in the world and exports account for more than one-third of national output. As such, the export of high added value products has been the main driver of growth in recent years. Composition of the GDP on the expenditure side: household consumption (55 percent), gross capital formation (20 percent, of which 10 percent in construction, 6 percent in machinery and equipment and 4 percent in other products) and government expenditure (19 percent). Exports of goods and services account for 46 percent of GDP while imports for 39 percent, adding 7 percent to total GDP. This page provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.60 4.00 -4.50 1970 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17