The German economy grew by 1.5 percent in 2018, following a 2.2 percent expansion in 2017 and matching market expectations, a preliminary estimate showed. It was the weakest growth rate in five years amid a global economic slowdown, persistent trade tensions with the US and the risk of Britain leaving the EU without a deal. Household consumption rose at a slower 1 percent (vs 1.8 percent in 2017) and government spending advanced 1.1 percent (vs 1.6 percent). Also, export growth slowed to 2.4 percent (vs 4.6 percent) and import growth eased to 3.4 percent (vs 4.8 percent). Fixed asset investment expanded 3 percent (vs 2.9 percent) boosted by machinery and equipment and construction. Adjusted for calendar effects, growth slowed to 1.5 percent from 2.5 percent in the previous year. Data from last November showed the economy expanded a calendar-adjusted 1.1 percent in the third quarter of 2018, following a 2 percent growth in the previous three-month period. GDP Annual Growth Rate in Germany averaged 2.02 percent from 1971 until 2018, 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.

GDP Annual Growth Rate in Germany is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Germany to stand at 2.20 in 12 months time. In the long-term, the Germany GDP Annual Growth Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Germany GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-24 06:00 AM GDP Growth Rate YoY Final 2% 2.1% 2% 2%
2018-11-14 07:00 AM GDP Growth Rate YoY Flash 1.1% 2% 1.3% 1.2%
2018-11-23 07:00 AM GDP Growth Rate YoY Final 1.1% 2% 1.1% 1.1%
2019-01-15 09:00 AM Full Year GDP Growth 1.5% 2.2% 1.5% 1.7%
2019-02-14 07:00 AM GDP Growth Rate YoY Flash 1.1% 1.8%
2019-02-22 07:00 AM GDP Growth Rate YoY Final 1.1% 1.8%
2019-05-15 06:00 AM GDP Growth Rate YoY Flash 2.1%


Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.50 4.00 -4.50 percent [+]
GDP Annual Growth Rate 1.10 2.00 7.20 -6.80 percent [+]
GDP 3677.44 3477.80 3890.61 215.02 USD Billion [+]
GDP Constant Prices 744.61 746.09 746.09 507.82 EUR Billion [+]
Gross National Product 865.59 865.45 865.59 389.85 EUR Billion [+]
Gross Fixed Capital Formation 153.73 152.58 153.73 107.51 EUR Billion [+]
GDP per capita 46747.19 45923.01 46747.19 19624.75 USD [+]
GDP per capita PPP 45229.25 44431.82 45229.25 31287.07 USD [+]
GDP From Agriculture 6.24 5.48 7.26 3.20 EUR Billion [+]
GDP From Construction 43.69 40.66 43.69 14.47 EUR Billion [+]
GDP From Manufacturing 178.02 182.04 182.04 90.56 EUR Billion [+]
GDP From Public Administration 137.67 133.80 139.36 50.63 EUR Billion [+]
GDP From Services 125.83 126.46 126.46 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.10 2.00 7.20 -6.80 1971 - 2018 percent Quarterly
WDA




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Saudi Arabia 2.50 Sep/18
Netherlands 2.40 Sep/18
Spain 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Dec/18
Canada 2.10 Sep/18
South Korea 2.00 Sep/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -3.50 Sep/18


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