Germany GDP Growth Rate  1991-2016 | Data | Chart | Calendar | Forecast

The German economy expanded a seasonally-adjusted 0.2 percent in the third quarter of 2016, slowing from a 0.4 percent expansion in the preceding quarter and matching preliminary estimates. It was the weakest growth since the third quarter 2015, mainly supported by domestic demand while investment stagnated and net trade had a downward effect on growth. Year-on-year, the GDP advanced 1.5 percent, compared to a 3.1 percent growth in the previous three months and below an earlier projection of 1.7 percent expansion. GDP Growth Rate in Germany averaged 0.32 percent from 1991 until 2016, reaching an all time high of 2.10 percent in the second quarter of 2010 and a record low of -4.50 percent in the first quarter of 2009.

Germany GDP Growth Rate
Receive the next reported value for Germany GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-24 06:00 AM Q2 0.4% 0.7% 0.4% 0.4%
2016-11-15 07:00 AM Q3 0.2% 0.4% 0.3% 0.2%
2016-11-24 07:00 AM Q3 0.2% 0.4% 0.2% 0.2%
2017-02-13 07:00 AM Q4
2017-02-23 07:00 AM Q4
2017-05-12 06:00 AM Q1




German GDP Growth Confirmed at 0.2% in Q3


The German economy expanded a seasonally-adjusted 0.2 percent in the third quarter of 2016, slowing from a 0.4 percent expansion in the preceding quarter and matching preliminary estimates. It was the weakest growth since the third quarter 2015, mainly supported by domestic demand while investment stagnated and net trade had a downward effect on growth.

Quarter-on-quarter, private consumption rose 0.6 percent, compared to a 0.5 percent growth in the June quarter. Public consumption advanced by 1.0 percent, slowing from a 1.2 percent increase in the previous three months. Overall consumption contributed 0.4 percentage points to growth. Gross fixed capital formation remained unchanged, following a 1.6 percent decline in the previous quarter. Investment in machinery and equipment dropped by 0.6 percent (after a 2.3 percent drop in the second quarter). In contrast, construction investment rose 0.3 percent (from -1.9 percent). Investment in other products also grew by 0.6percent, slowing slightly from a 0.7 percent rise in the previous three months. Exports declined by 0.4 percent, compared to a 1.2 percent growth in the June quarter. Imports went up 0.2 percent, faster than a 0.1 percent growth in the previous three months. That brought a downward effect to the GDP (-0.3 percentage points). Inventories showed no contribution to growth.

Year-on-year, the GDP advanced 1.5 percent, compared to a 3.1 percent growth in the previous three months and below an earlier projection of 1.7 percent expansion. Household final consumption rose 1.5 percent, slower than a 2.7 percent growth in the previous quarter. Government consumption expanded 4.5 percent, up from a 4.3 percent expansion in the June quarter. Overall consumption contributed 1.7 percentage points to growth. Gross fixed capital formation also grew 1.3 percent (after a 4.4 percent expansion in the preceding quarter). Investment in other products rose the most by 2.7 percent, followed by construction (+2.0 percent). In contrast, machinery and equipment investment fell 0.6 percent. Overall investment added 0.3 percentage points to growth. The reduction in inventories slowed down the GDP growth by 0.1 percentage points. The balance of exports and imports substracted 0.3 percentage points to the year-on-year GDP growth. 

Destatis l Rida Husna | rida@tradingeconomics.com
11/24/2016 7:38:49 AM



Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.40 2.10 -4.50 percent [+]
GDP Annual Growth Rate 1.50 3.10 6.00 -7.90 percent [+]
GDP 3355.77 3868.29 3868.29 215.02 USD Billion [+]
GDP Constant Prices 710.03 708.68 710.03 507.63 EUR Billion [+]
Gross National Product 798.82 803.16 803.16 389.80 EUR Billion [+]
Gross Fixed Capital Formation 140.39 140.47 142.57 107.52 EUR Billion [+]
GDP per capita 45269.79 44755.18 45269.79 19625.92 USD [+]
GDP per capita PPP 44053.07 43552.29 44053.07 31469.85 USD [+]
GDP From Agriculture 4.56 4.53 6.42 3.20 EUR Billion [+]
GDP From Construction 36.19 34.29 36.19 14.47 EUR Billion [+]
GDP From Manufacturing 160.92 164.19 164.19 90.56 EUR Billion [+]
GDP From Public Administration 128.52 125.87 130.77 50.63 EUR Billion [+]
GDP From Services 113.27 113.49 113.49 53.73 EUR Billion [+]



Germany GDP Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.40 2.10 -4.50 1991 - 2016 percent Quarterly



Last
Nigeria 8.99 Sep/16
Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 6.40 Sep/16
Angola 4.90 Dec/15
Egypt 4.90 Mar/16
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Indonesia 3.20 Sep/16
United States 3.20 Sep/16
Sri Lanka 2.60 Jun/16
Paraguay 2.50 Jun/16
Qatar 2.50 Jun/16
Iceland 2.10 Jun/16
Peru 2.00 Sep/16
China 1.80 Sep/16
Kenya 1.80 Jun/16
Costa Rica 1.75 Mar/16
Jamaica 1.60 Jun/16
Luxembourg 1.60 Jun/16
El Salvador 1.55 Dec/15
Malaysia 1.50 Sep/16
Tanzania 1.50 Sep/10
India 1.40 Jun/16
Mongolia 1.40 Jun/16
Saudi Arabia 1.40 Jun/16
Uganda 1.40 Jun/16
Kazakhstan 1.26 Dec/13
Bahrain 1.20 Jun/16
Philippines 1.20 Sep/16
Mexico 1.00 Sep/16
Slovenia 1.00 Sep/16
Taiwan 0.96 Sep/16
Albania 0.90 Jun/16
Canada 0.90 Sep/16
New Zealand 0.90 Jun/16
Greece 0.80 Sep/16
Israel 0.80 Sep/16
Portugal 0.80 Sep/16
Bulgaria 0.70 Sep/16
Cyprus 0.70 Sep/16
Netherlands 0.70 Sep/16
Slovakia 0.70 Sep/16
Spain 0.70 Sep/16
Chile 0.60 Sep/16
Ecuador 0.60 Jun/16
Ghana 0.60 Jun/16
Hong Kong 0.60 Sep/16
Ireland 0.60 Jun/16
Moldova 0.60 Jun/16
Romania 0.60 Sep/16
South Korea 0.60 Sep/16
Thailand 0.60 Sep/16
Australia 0.50 Jun/16
Bosnia and Herzegovina 0.50 Jun/16
Croatia 0.50 Jun/16
Japan 0.50 Sep/16
Sweden 0.50 Sep/16
United Kingdom 0.50 Sep/16
Austria 0.40 Sep/16
Denmark 0.40 Sep/16
European Union 0.40 Sep/16
Finland 0.40 Sep/16
Ukraine 0.40 Sep/16
Cameroon 0.30 Mar/16
Colombia 0.30 Sep/16
Euro Area 0.30 Sep/16
Hungary 0.30 Sep/16
Italy 0.30 Sep/16
Turkey 0.30 Jun/16
Belgium 0.20 Sep/16
Czech Republic 0.20 Sep/16
Estonia 0.20 Sep/16
France 0.20 Sep/16
Germany 0.20 Sep/16
Latvia 0.20 Sep/16
Malta 0.20 Jun/16
Mozambique 0.20 Sep/16
Poland 0.20 Sep/16
South Africa 0.20 Sep/16
Tunisia 0.20 Sep/16
Lithuania 0.10 Sep/16
Belize 0.05 Jun/16
Serbia 0.00 Jun/16
Switzerland 0.00 Sep/16
Uruguay 0.00 Jun/16
Mauritius -0.50 Jun/16
Norway -0.50 Sep/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.80 Sep/16
Botswana -1.30 Jun/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Singapore -2.00 Sep/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16