Germany GDP Annual Growth Rate 1971-2018 | Data | Chart | Calendar

The German economy grew by 2.2 percent in 2017, following a 1.9 percent expansion in 2016, a preliminary estimate showed. It was the strongest pace of expansion since 2011, boosted by: household consumption (2 percent vs 2.1 percent in 2016); fixed investment (3 percent vs 3.1 percent), mainly in machinery and equipment (3.5 percent vs 2.2 percent) and in construction (2.6 percent vs 2.7 percent); and government spending (1.4 percent vs 3.7 percent). Also, net trade contributed 0.2 p.p. to GDP growth (-0.3 p.p. in 2016) and changes in inventories added 0.1 p.p. (-0.2 p.p. in 2016). On the production side of the GDP, almost all economic sectors contributed to the positive economic trend, particularly manufacturing (2.5 percent, accounting for over a quarter of gross value added); information and communication (3.9 percent); trade, transport, accommodation and food services (2.9 percent); and construction (2.2 percent). Adjusted for calendar effects, the GDP growth rate was 2.5 percent. GDP Annual Growth Rate in Germany averaged 2.01 percent from 1971 until 2017, reaching an all time high of 7.20 percent in the first quarter of 1973 and a record low of -6.80 percent in the first quarter of 2009.

Germany GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-08-25 06:00 AM GDP Growth Rate YoY Final 2.1% 2% 2.1% 2.1%
2017-11-14 07:00 AM GDP Growth Rate YoY Flash 2.8% 2.3% 2.2%
2017-11-23 07:00 AM GDP Growth Rate YoY Final 2.8% 2.3% 2.8% 2.8%
2018-02-14 07:00 AM GDP Growth Rate YoY Flash 2.8% 2.7%
2018-02-23 07:00 AM GDP Growth Rate YoY Final 2.8%
2018-05-15 06:00 AM GDP Growth Rate YoY Flash 2.60%


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 Annual Growth Rate

The German economy - the fifth largest economy in the world and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. 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 account for 39 percent, adding 7 percent to total GDP. This page provides the latest reported value for - Germany GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.30 7.20 -6.80 1971 - 2017 percent Quarterly
WDA




GDP annual growth rate by Country
Country Last
Turkey 11.10 Sep/17
China 6.80 Dec/17
India 6.30 Sep/17
Indonesia 5.06 Sep/17
Spain 3.10 Sep/17
Canada 3.00 Sep/17
Netherlands 3.00 Sep/17
South Korea 3.00 Dec/17
Australia 2.80 Sep/17
Germany 2.80 Sep/17
Euro Area 2.60 Sep/17
United States 2.50 Dec/17
France 2.30 Sep/17
Japan 2.10 Sep/17
Russia 1.80 Sep/17
Italy 1.70 Sep/17
Mexico 1.50 Sep/17
United Kingdom 1.50 Dec/17
Brazil 1.40 Sep/17
Switzerland 1.20 Sep/17


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