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

The Gross Domestic Product (GDP) in Germany expanded 0.7 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Germany averaged 0.29 percent from 1991 until 2014, 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.

      Forecast    
Germany GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.10 2.10 -3.70 1991 - 2014 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. This page provides - Germany GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Germany GDP Growth Rate - was last refreshed on Friday, February 27, 2015.


German Economy Expands 0.7% in Q4


The German economy grew a seasonally-adjusted 0.7 percent in the last quarter of 2014, compared with a 0.1 percent expansion in the July to September period and matching preliminary estimates. The expansion was driven by domestic demand, but net exports and investment also contributed.

Quarter-on-quarter, private consumption grew 0.8 percent and public spending rose 0.2 percent. Overall consumption contributed 0.6 percentage points to growth. Positive contributions were also made by foreign trade (0.2 percentage point) as increase in exports (1.3 percent) was higher than that of imports (+1.0 percent). Investment was up across the board with investment in construction growing the most (2.1 percent ), followed by machinery and equipment (+0.4 percent) and investment in other products (+0.2 percent).  Inventories were unchanged, subtracting 0.2 percentage points from the growth.

Year-on-year, the GDP expanded by 1.6 percent following a 1.2 percent expansion in the previous quarter. Household final consumption increased by 1.7 percent, while government expenditure was up 1.5 percent. Gross fixed capital formation in machinery and equipment rose a price-adjusted 2.4 percent and investment in construction was up by 1.8 percent, which was mainly due to increases observed for dwellings and public underground construction. Only the reduction of inventories slowed down GDP growth (–0.8 percentage points). Contributions to growth also came from foreign trade, which continued to be dynamic. In price-adjusted terms, exports of goods and services increased by 4.7 percent while imports increased 3.7 percent.

Destatis l Rida Husna l rida@tradingeconomics.com
2/24/2015 11:19:51 AM


Recent Releases

German GDP Growth Beats Forecasts
The German economy advanced a seasonally-adjusted 0.7 percent in the last three months of 2014, faster than a 0.1 percent growth in the previous period boosted by households consumption, investment and exports. Published on 2015-02-13

German Economy Expands 0.1% in Q3
The German economy grew a seasonally-adjusted 0.1 percent in the third quarter of 2014, compared with a 0.1 percent contraction in April to June period. A rise in private and public consumption more than offset weakness in investment. Published on 2014-11-25


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-25 07:00 AM
GDP Growth Rate QoQ - Final  Q3
0.1% -0.1% 0.1%
2015-02-13 07:00 AM
GDP Growth Rate QoQ Flash  Q4
0.7% 0.1% 0.3% 0.25%
2015-02-24 07:00 AM
GDP Growth Rate QoQ Final  Q4
0.7% 0.1% 0.7% 0.7%
2015-05-13 07:00 AM
GDP Growth Rate QoQ Flash  Q1
0.7% 0.27%
2015-05-22 07:00 AM
GDP Growth Rate QoQ Final  Q1
0.7%
2015-08-14 07:00 AM
GDP Growth Rate QoQ Flash  Q2
0.25%


Germany GDP Last Previous Highest Lowest Unit
GDP 3634.82 3425.95 3634.82 208.90 USD Billion [+]
GDP Growth Rate 0.70 0.10 2.10 -3.70 percent [+]
GDP Annual Growth Rate 1.60 1.20 5.20 -6.80 percent [+]
GDP Constant Prices 685.90 681.14 685.90 507.63 EUR Billion [+]
Gross National Product 745.71 739.97 745.71 375.74 EUR Billion [+]
GDP per capita 38291.62 38219.83 38291.62 16932.49 USD [+]
Gross Fixed Capital Formation 134.91 136.12 138.22 89.49 EUR Billion [+]
GDP per capita PPP 42045.25 41966.42 42045.25 30635.91 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.50 Nov/14 1.90 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.50 Aug/14 1.30 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.82 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.60 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.50 Nov/14 0.20 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.40 Nov/14 0.90 6.80 -7.00 percent [+]
Spain 0.70 Nov/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.50 Nov/14 0.70 5.00 -2.70 percent [+]
United States 2.60 Nov/14 5.00 16.90 -10.00 percent [+]