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

The German economy grew a seasonally-adjusted 0.3 percent in the fourth quarter of 2015, the same pace as in the preceding quarter and matching preliminary estimates. An expansion in household and government spending and investment offset a downward effect of foreign trade. Year-on-year, the GDP expanded by 2.1 percent, following a 1.8 percent expansion in the September quarter. It is the fastest growth since the first quarter of 2014. GDP Growth Rate in Germany averaged 0.32 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
0.30 0.30 2.00 -4.50 1991 - 2015 percent Quarterly
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-24 07:00 AM Q3 0.3% 0.4% 0.3% 0.3%
2016-02-12 07:00 AM Q4 0.3% 0.3% 0.3% 0.3%
2016-02-23 07:00 AM Q4 0.3% 0.3% 0.3% 0.3%
2016-05-13 06:00 AM Q1 0.3% 0.3%
2016-05-24 06:00 AM Q1 0.3%
2016-08-12 06:00 AM Q2 0.4%

German GDP Growth Confirmed at 0.3% in Q4


The German economy grew a seasonally-adjusted 0.3 percent in the fourth quarter of 2015, the same pace as in the preceding quarter and matching preliminary estimates. An expansion in household and government spending and investment offset a downward effect of foreign trade.

Quarter-on-quarter, private consumption grew by 0.3 percent, as compared to a 0.6 percent growth in the preceding quarter. Public consumption rose 1.0 percent, following a 0.5 percent growth in the September quarter. Overall consumption contributed 0.3 percentage points to growth. Gross fixed capital formation advanced by 1.5 percent, following a 0.1  percent increase in the previous three months. Investment in construction grew the most by 2.2 percent (after contracting 0.2 percent in the third quarter), followed by machinery and equipment investment (+1.0 percent from +0.2 percent) and investment in other products (+0.7 percent from +0.6 percent). Exports dropped by 0.6 percent, following a 0.3 percent growth in the September quarter. Imports rose by 0.5 percent, as compared to a 1.1 percent rise in the previous three months. That brought a downward effect of the GDP (-0.5 percentage points). Inventories were up, adding 0.1 percentage points to growth.

Year-on-year, the GDP expanded by 2.1 percent following a 1.8 percent expansion in the previous quarter.  It is the fastest growth since the first quarter of 2014. Household final consumption rose by 1.6 percent, down from a 2.1 percent growth in the previous quarter. Government consumption expanded 2.7 percent, accelerating from a 2.3 percent growth in the September quarter. Gross fixed capital formation also grew sharply 4.2 percent (after a 2.2 percent expansion in the preceding quarter). Machinery and equipment investment grew the most by 6.3 percent, followed by construction (+3.3 percent) and other products investments (+2.7 percent) and construction investment (+0.8 percent). Overall investment added 0.9 percent to growth. In contrast, the reduction in inventories slowed down the GDP growth by 0.2 percentage points. The balance of exports and imports showed zero contribution to the year-on-year GDP growth.

For full year of 2015, the economy grew by 1.7 percent, as compared to a 1.6 percent expansion in the preceding year.

Destatis l Rida Husna | rida@tradingeconomics.com
2/23/2016 8:24:21 AM

Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.30 2.00 -4.50 percent [+]
GDP Annual Growth Rate 2.10 1.70 6.00 -7.90 percent [+]
GDP 3868.29 3745.32 3868.29 215.02 USD Billion [+]
GDP Constant Prices 698.04 696.37 698.04 507.63 EUR Billion [+]
Gross National Product 785.79 777.36 785.79 389.37 EUR Billion [+]
Gross Fixed Capital Formation 140.70 138.58 140.70 107.52 EUR Billion [+]
GDP per capita 39717.70 39208.76 39717.70 17463.91 USD [+]
GDP per capita PPP 43443.70 42887.02 43443.70 31476.12 USD [+]
GDP From Agriculture 3.77 3.61 6.42 3.20 EUR Billion [+]
GDP From Construction 36.92 34.29 36.92 14.47 EUR Billion [+]
GDP From Manufacturing 153.75 156.71 156.71 90.56 EUR Billion [+]
GDP From Public Administration 130.06 124.16 130.06 50.63 EUR Billion [+]
GDP From Services 108.42 108.78 108.78 53.73 EUR Billion [+]




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