Germany's GDP growth was confirmed at a seasonally-adjusted 0.1 percent in the third quarter of 2019, compared to a 0.2 percent contraction in the previous three-month period. Private and public spending increased at a faster pace, investment in construction rebounded, and net external demand contributed positively to the GDP.

GDP Growth Rate in Germany averaged 0.50 percent from 1970 until 2019, reaching an all time high of 4 percent in the second quarter of 1970 and a record low of -4.70 percent in the first quarter of 2009. 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. source: Federal Statistical Office

GDP Growth Rate in Germany is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Germany to stand at 0.20 in 12 months time. In the long-term, the Germany GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.


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Germany GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 -0.20 4.00 -4.70 1970 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-08-14 06:00 AM GDP Growth Rate QoQ Flash Q2 -0.1% 0.4% -0.1% -0.3%
2019-08-27 06:00 AM GDP Growth Rate QoQ Final Q2 -0.1% 0.4% -0.1% -0.1%
2019-11-14 07:00 AM GDP Growth Rate QoQ Flash Q3 0.1% -0.2% -0.1% -0.2%
2019-11-22 07:00 AM GDP Growth Rate QoQ Final Q3 0.1% -0.2% 0.1% 0.1%
2020-02-14 07:00 AM GDP Growth Rate QoQ Flash Q4 0.1% 0.3%


News Stream
2019-11-14
German Economy Avoids Recession in Q3
Germany's gross domestic product grew by a seasonally-adjusted 0.1 percent on quarter in the three months to September 2019, rebounding from a revised 0.2 percent fall in the previous period and beating market expectations of a 0.1 percent contraction, a preliminary estimate showed. Growth was supported mainly by private and public spending, and investment in construction. Year-on-year, the economy expanded by a calendar-adjusted 0.5 percent in the third quarter, following a 0.3 percent growth in the previous three-month period and matching forecasts. On an unadjusted basis, the economy expanded 1.0 percent, recovering from a 0.1 percent contraction in the second quarter.

2019-08-27
German GDP Contraction Confirmed in Q2
The German economy contracted a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, unrevised from the preliminary estimate and following a 0.4 percent growth in the previous period. Net external demand contributed negatively to the GDP as exports fell faster than imports, while investment in construction declined markedly. Year-on-year, the economy expanded a calendar-adjusted 0.4 percent in the June quarter, slowing from a 0.9 percent expansion in the previous three-month period. On an unadjusted basis, the economy stagnated, after a 0.8 percent advance in the first quarter.

2019-08-14
German Economy Contracts in Q2 as Exports Fall
Germany's gross domestic product contracted by a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. Net external demand contributed negatively to the GDP, mainly due to a slump in exports, while fixed capital formation in construction also declined.

2019-05-23
German Q1 GDP Rebound Confirmed
The German economy advanced a seasonally-adjusted 0.4 percent on quarter in the first quarter of 2019, unrevised from the preliminary estimate and after showing no growth in the previous period. The expansion was mainly supported by the fastest increase in household spending in eight years, a pick-up in construction activity and rising exports. Year-on-year, the economy expanded a calendar-adjusted 0.7 percent in the first quarter, following a 0.6 percent growth in the previous three-month period. On an unadjusted basis, the GDP rose by 0.6 percent, slowing from a 0.9 percent expansion in the December quarter.

2019-05-15
German Economy Returns to Growth in Q1
The German economy advanced a seasonally-adjusted 0.4 percent on quarter in the three months to March 2019, after showing no growth in the previous period and matching market expectations, a preliminary estimate showed. Fixed investment and household consumption led the expansion. Year-on-year, the economy expanded a calendar-adjusted 0.7 percent in the first quarter, following a 0.6 percent growth in the previous three-month period and also in line with forecasts. On an unadjusted basis, the GDP rose by 0.6 percent, easing from a 0.9 percent increase in the December quarter.

2019-02-22
German Q4 Economy Stagnation Confirmed
The German economy stagnated in the fourth quarter of 2018 after a 0.2 percent contraction in the July-September period, which was the first time GDP shrank since 2015. An increase in public spending, household consumption and fixed investment offset a negative contribution from inventory changes while net foreign trade was neutral. Year-on-year, the economy expanded a calendar-adjusted 0.6 percent in the fourth quarter, slowing markedly from a 1.1 percent growth the previous three-month period. On an unadjusted basis, the GDP grew by 0.9 percent, weaker than a 1.1 percent advance in the September quarter.


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.

Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 -0.20 4.00 -4.70 percent [+]
GDP Annual Growth Rate 0.50 0.30 7.20 -6.90 percent [+]
GDP 3996.76 3693.20 3996.76 215.02 USD Billion [+]
GDP Constant Prices 810.77 810.09 812.06 552.61 EUR Billion [+]
Gross National Product 886.27 879.36 886.27 390.99 EUR Billion [+]
Gross Fixed Capital Formation 171.47 171.64 172.08 119.05 EUR Billion [+]
GDP per capita 47501.80 46987.80 47501.80 19624.70 USD [+]
GDP per capita PPP 45959.40 45462.00 45959.40 31287.10 USD [+]
GDP From Agriculture 7.11 7.13 7.43 3.62 EUR Billion [+]
GDP From Construction 45.66 42.04 45.66 14.52 EUR Billion [+]
GDP From Manufacturing 166.62 167.41 174.50 90.00 EUR Billion [+]
GDP From Public Administration 143.01 139.68 147.21 51.97 EUR Billion [+]
GDP From Services 127.41 127.46 127.46 53.44 EUR Billion [+]