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. GDP Growth Rate in Germany averaged 0.51 percent from 1970 until 2019, reaching an all time high of 4 percent in the second quarter of 1970 and a record low of -4.50 percent in the first quarter of 2009.

GDP Growth Rate in Germany is expected to be -0.10 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 0.50 in 12 months time. In the long-term, the Germany GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

Germany GDP Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-14 07:00 AM GDP Growth Rate QoQ Flash Q4 0% -0.2% 0.1% 0.2%
2019-02-22 07:00 AM GDP Growth Rate QoQ Final Q4 0% -0.2% 0% 0%
2019-05-15 06:00 AM GDP Growth Rate QoQ Flash Q1 0.4% 0% 0.4% 0.3%
2019-05-23 06:00 AM GDP Growth Rate QoQ Final Q1 0.4% 0% 0.4% 0.4%
2019-08-14 06:00 AM GDP Growth Rate QoQ Flash Q2 0.4% -0.1%
2019-08-27 06:00 AM GDP Growth Rate QoQ Final Q2 0.4% -0.1%
2019-11-14 07:00 AM GDP Growth Rate QoQ Flash Q3 0.3%



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.

The biggest contributions to the GDP growth came from household consumption (0.6 percentage points), gross fixed capital formation (0.2 percentage points), and net foreign trade (0.2 percentage points). In contrast, changes in inventories and public spending subtracted 0.6 percentage points and 0.1 percentage points respectively.

Household consumption surged 1.2 percent in the March quarter, the steepest quarterly growth since 2011, compared to a 0.3 percent gain in the December quarter. In addition, fixed investment advanced at a faster 1.1 percent (vs 0.8 percent in Q4), mainly boosted by investment in construction (1.9 percent vs 1 percent) and machinery and equipment (1.2 percent vs 0.7 percent). Exports of goods and services rose 1 percent in the three months to March (vs 0.6 percent in Q4) while import growth was steady at 0.7 percent.

Meanwhile, government spending contracted 0.3 percent
, compared to an increase of 1.3 percent in the previous quarter.

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, easing from a 0.9 percent increase in the December quarter.


Destatis | Rida Husna | rida@tradingeconomics.com
5/23/2019 11:15:48 AM



Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.00 4.00 -4.50 percent [+]
GDP Annual Growth Rate 0.70 0.60 7.20 -6.80 percent [+]
GDP 3996.76 3693.20 3996.76 215.02 USD Billion [+]
GDP Constant Prices 747.94 744.78 747.94 507.82 EUR Billion [+]
Gross National Product 879.53 870.37 879.53 389.85 EUR Billion [+]
Gross Fixed Capital Formation 155.89 154.13 155.89 107.51 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 6.44 5.96 7.26 3.20 EUR Billion [+]
GDP From Construction 36.16 45.80 45.80 14.47 EUR Billion [+]
GDP From Manufacturing 172.51 171.76 181.79 90.56 EUR Billion [+]
GDP From Public Administration 143.55 145.45 145.45 50.63 EUR Billion [+]
GDP From Services 120.42 126.54 127.03 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.00 4.00 -4.50 1970 - 2019 percent Quarterly
SA




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


Related

Latest