Germany GDP Growth Rate

The Gross Domestic Product (GDP) in Germany expanded 0.10 percent in the first quarter of 2013 over the previous quarter. GDP Growth Rate in Germany is reported by the German Federal Statistical Office. Historically, from 1991 until 2013, Germany GDP Growth Rate averaged 0.29 Percent reaching an all time high of 2.10 Percent in June of 2010 and a record low of -3.70 Percent in March of 2009. Germany is the fourth largest economy in the world and the largest within the Euro Area. The German economy is heavily export-oriented. 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. The German economy benefits from qualified labour force, developed infrastructure and large capital stock. This page includes a chart with historical data for Germany GDP Growth Rate.

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Germany GDP Growth Rate

GDP | STATISTICSLastPreviousHighestLowestForecastUnitTrend
GDP per capita 26080.52 Dec/2011 25329.32 26080.52 11858.58 26140.32 Dec/2012 USD Trend
GDP per capita PPP 39413.84 Dec/2011 37402.30 39413.84 9880.78 39571.80 Dec/2012 USD Trend
Gross National Product 682.97 Feb/2013 676.60 682.97 375.74 672.52 Mar/2013 EUR Billion Trend
GDP Growth Rate 0.10 Mar/2013 -0.70 2.10 -3.70 -0.01 Jun/2013 Percent Trend
GDP Annual Growth Rate -1.40 Mar/2013 0.00 4.70 -6.80 -1.52 Jun/2013 Percent Trend
GDP 3570.56 Dec/2011 3309.67 3634.53 208.87 3589.36 Dec/2012 USD Billion Trend


CALENDAR Country Event Reference Actual Previous Consensus TEForecast
15/May/2013 07:00 AM
Germany GDP Growth Rate QoQ Q1 2013 0.1% -0.7%(R) 0.3%
24/May/2013 07:00 AM
Germany GDP Growth Rate QoQ - Breakdown Q1 2013 0.1% -0.7% 0.1%
14/Aug/2013 09:00 AM
Germany GDP Growth Rate QoQ - Preliminary Q2 2013 -0.01
23/Aug/2013 09:00 AM
Germany GDP Growth Rate QoQ - Breakdown Q2 2013 -0.01
14/Nov/2013 09:00 AM
Germany GDP Growth Rate QoQ - Preliminary Q3 2013
22/Nov/2013 09:00 AM
Germany GDP Growth Rate QoQ - Breakdown Q3 2013

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German GDP Growth Confirmed at 0.1% QoQ
Destatis | Nuno Fontes | nuno@tradingeconomics.com  |  5/24/2013 8:52:02 AM


As previously reported, the gross domestic product increased by just 0.1 percent, upon price, seasonal and calendar adjustment, in the first quarter of 2013 compared with the previous quarter.

One of the reasons for this small growth at the beginning of the year, however, was the extremely cold weather. As reported earlier, the German economy had suffered a major setback in the last quarter of 2012 (-0.7 percent). For the entire year of 2012, GDP values did not change as compared with the figures published so far (+0.7 percent; calendar-adjusted +0.9 percent).

In a quarter-on-quarter comparison, positive contributions were made almost only by household final consumption expenditure, which rose by 0.8 percent upon price, seasonal and calendar adjustment. However, they had decreased by 0.3 percent in the last quarter of 2012, according to the most recent calculations. As regards gross fixed capital formation, the negative trend of 2012 continued. Gross fixed capital formation in machinery and equipment was down 0.6 percent on the previous quarter, in construction it fell by 2.1 percent. General government slightly reduced its final consumption expenditure by 0.1 percent. 

The balance of exports and imports had almost no effect on economic growth in the first quarter of 2013 (contribution to growth of +0.1 percentage points). Although imports of goods and services were down 2.1 percent on the last quarter of 2012, exports decreased, too (–1.8 percent).  

ARCHIVE
German GDP Rises Less Than Expected in Q1 The German economy is slow in gaining momentum. Compared with the previous quarter, the gross domestic product (GDP) increased by 0.1% in the first quarter of 2013 after adjustment for price, seasonal and calendar variations. 2013-05-15
German Economy Contracts 0.6 Percent in Fourth Quarter German gross domestic product shrunk 0.6 percent in the last quarter of 2012 as traditionally strong exports and investment slowed, according to first estimates by the country's Federal Statistics Office. 2013-02-11
Germany Economy Contracts 0.6 Percent in Q4 The German economy suffered a dip towards the end of 2012: compared with the previous quarter, the gross domestic product decreased by 0.6 percent in the fourth quarter of 2012. 2013-02-14
Gross Domestic Product in Germany Slightly up in Q3. The German economy continues its growth at a slightly slower pace: In the third quarter of 2012, the gross domestic product (GDP) rose 0.2% – upon price, seasonal and calendar adjustment – on the previous quarter, as reported by the Federal Statistical Office. 2012-12-11



GDP Growth Rate | Notes

The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.




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