Germany GDP Growth Rate 1991-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Germany expanded 0.30 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Germany averaged 0.29 percent from 1991 until 2015, reaching an all time high of 2.10 percent in the second quarter of 2010 and a record low of -3.70 percent in the first quarter of 2009. GDP Growth Rate in Germany is reported by the Federal Statistical Office.

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Germany GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.70 2.10 -3.70 1991 - 2015 percent Quarterly
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. Content for - Germany GDP Growth Rate - was last refreshed on Friday, July 3, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-24 07:00 AM Q4 0.7% 0.1% 0.7% 0.7%
2015-05-13 07:00 AM Q1 0.3% 0.7% 0.5% 0.6%
2015-05-22 07:00 AM Q1 0.3% 0.7% 0.3% 0.3%
2015-08-14 07:00 AM Q2 0.3% 0.34%
2015-08-25 07:00 AM Q2 0.3%
2015-11-13 07:00 AM Q3 0.33%


German Economy Expands 0.3% in Q1


The German economy grew a seasonally-adjusted 0.3 percent in the first quarter of 2015, markedly slowing from a 0.7 percent expansion in the October to December period and matching preliminary estimates. The expansion was mainly driven by an increase in public consumption and investment while foreign trade brought a downward effect to the GDP.

Quarter-on-quarter, private consumption grew by 0.6 percent, as compared to a 0.7 percent growth in the December quarter. Public consumption rose 0.7 percent. accelerating from a 0.3 percent growth in the preceding quarter. Overall consumption contributed 0.5 percentage points to growth. Gross fixed capital formation expanded by 1.5 percent, accelerating from a 0.8 percent in the last quarter of 2014 with investment in construction growing the fastest (+1.7 percent), followed by machinery and equipment (+1.5 percent) and other products (+0.7 percent). Exports grew by 0.8 percent, slowing from a 1.0 percent in the previous quarter while imports expanded by 1.5 percent, as compared to a 1.9 percent growth in the December quarter. That brought a downward effect of -0.2 percentage poin to the GDP. Inventories were slightly reduced, which had a negative impact on growth (–0.3 percentage points). 

Year-on-year, the GDP expanded by 1.1 percent following a 1.6 percent expansion in the previous quarter. Household final consumption  and government consumption increased by 2.4 percent respectively. Gross fixed capital formation in machinery and equipment rose a price-adjusted 1.5 percent and investment in construction declined by 1.9 percent, mainly due to a decrease in the construction of public other buildings and structures and of total dwellings. Overall investment substracted 0.7 percent to growth. While the reduction of inventories slowed down GDP growth by 0.6 percentage points,  the balance of exports and imports did not provide any contribution to the year-on-year GDP growth. In price-adjusted terms, exports of goods and services increased 4.3 percent from a year earlier and  imports rose 5.0 percent.

Destatis l Rida Husna l rida@tradingeconomics.com
5/22/2015 8:04:24 AM


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The German economy advanced a seasonally-adjusted 0.3 percent in the first three months of 2015, a sharp slowdown from a 0.7 percent growth reported in the previous period as an expansion in consumption and investment was unable to offset a downward effect of foreign trade.
Published on 2015-05-13

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Published on 2014-11-25


Germany GDP Last Previous Highest Lowest Unit
GDP 3634.82 3425.95 3634.82 208.90 USD Billion [+]
GDP Growth Rate 0.30 0.70 2.10 -3.70 percent [+]
GDP Annual Growth Rate 1.10 1.60 5.20 -6.80 percent [+]
GDP Constant Prices 687.77 685.90 687.77 507.63 EUR Billion [+]
Gross National Product 766.70 749.80 766.70 375.74 EUR Billion [+]
GDP per capita 38291.62 38219.83 38291.62 16932.49 USD [+]
Gross Fixed Capital Formation 138.17 136.17 139.01 107.60 EUR Billion [+]
GDP per capita PPP 42045.25 41966.42 42045.25 30635.91 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]