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

The Gross Domestic Product (GDP) in Germany expanded 0.40 percent in the second quarter of 2015 over the previous quarter. GDP Growth Rate in Germany averaged 0.31 percent from 1991 until 2015, reaching an all time high of 2 percent in the second quarter of 2010 and a record low of -4.50 percent in the first quarter of 2009. GDP Growth Rate in Germany is reported by the Federal Statistical Office.

Germany GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 2.00 -4.50 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. In 2014, the main uses of GDP at current prices were the private final consumption expenditure from households and NPISHs (55 percent); the gross capital formation (20 percent) of which 10 percent in construction, 6 percent in machinery and equipment and 4 percent in other products; the government final consumption expenditure (19 percent); and the external balance of exports and imports (7 percent). 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. Content for - Germany GDP Growth Rate - was last refreshed on Saturday, August 29, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-22 07:00 AM Q1 0.3% 0.7% 0.3% 0.3%
2015-08-14 07:00 AM Q2 0.4% 0.3% 0.5% 0.4%
2015-08-25 07:00 AM Q2 0.4% 0.3% 0.4% 0.4%
2015-11-13 07:00 AM Q3 0.4% 0.4%
2015-11-24 07:00 AM Q3 0.4%


German GDP Growth Confirmed at 0.4% in Q2


The German economy grew a seasonally-adjusted 0.4 percent in the first quarter of 2015, accelerating from a 0.3 percent expansion in the January to March period and matching preliminary estimates. An expansion in net exports and consumption offset a a decline in investment.

Quarter-on-quarter, private consumption grew by 0.2 percent, as compared to a 0.4 percent growth in the March quarter. Public consumption rose 0.3 percent, slowing from a 0.6 percent growth in the preceding quarter. Overall consumption contributed 0.1 percentage points to growth. Gross fixed capital formation declined 0.4 percent, after registering a 1.7 percent expansion in the first quarter of 2015 with investment in construction dropping the most (-1.2 percent). In contrast, equipment investment grew by 0.1 percent and other plants investment expanded by 0.7 percent.

Exports grew by 2.2 percent, accelerating from 1.2 percent growth in the previous quarter. Imports rose by 0.8 percent, slowing from 1.9 percent growth in the first three months 0f 2015. That brought an upward effect of +0.7 percentage poin to the GDP. A reduction in inventories had a negative impact on growth (–0.4 percentage points). 

Year-on-year, the GDP expanded by 1.6 percent following a 1.2 percent expansion in the previous quarter. Household final consumption  and government consumption increased by 1.8 percent respectively. Gross fixed capital formation also grew by 1.8 percent with equipment investment expanding the most by 3.0 percent, followed by other plants investments (+2.7 percent) and construction investment (+0.8 percent). Overall investment added 0.4 percent to growth. While the reduction of inventories slowed down the GDP growth by 1.0 percentage points,  the balance of exports and imports added 0.9 percentage point contribution to the year-on-year GDP growth. 

Destatis l Rida Husna l rida@tradingeconomics.com
8/25/2015 7:57:43 AM


Recent Releases

German GDP Expands 0.4% in Q2
The German economy advanced a seasonally-adjusted 0.4 percent in the second quarter of 2015, accelerating from a 0.3 percent growth in the previous period but below market forecasts. Growth in exports and consumption offset a decline in investment.
Published on 2015-08-14

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.
Published on 2015-05-22

German GDP Growth Slows to 0.3% in Q1
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

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.
Published on 2015-02-24


Germany GDP Last Previous Highest Lowest Unit
GDP 3852.56 3730.26 3852.56 215.02 USD Billion [+]
GDP Growth Rate 0.40 0.30 2.00 -4.50 percent [+]
GDP Annual Growth Rate 1.60 1.20 6.00 -7.90 percent [+]
GDP Constant Prices 694.18 687.77 694.18 507.63 EUR Billion [+]
Gross National Product 766.84 762.48 766.84 389.37 EUR Billion [+]
GDP per capita 39717.70 39208.76 39717.70 17463.91 USD [+]
Gross Fixed Capital Formation 138.94 139.53 139.53 107.52 EUR Billion [+]
GDP per capita PPP 43443.70 42887.02 43443.70 31476.12 USD [+]
Gdp From Agriculture 3.88 3.71 6.42 3.20 EUR Billion [+]
Gdp From Construction 31.58 25.50 33.57 14.47 EUR Billion [+]
Gdp From Manufacturing 154.99 149.52 154.99 90.56 EUR Billion [+]
Gdp From Public Administration 119.54 123.23 125.72 50.63 EUR Billion [+]
Gdp From Services 107.06 99.05 107.06 53.73 EUR Billion [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.20 Jun/15 0.30 6.00 -3.50 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]