Germany GDP Growth Rate  1991-2017 | Data | Chart | Calendar | Forecast

The German economy expanded a seasonally-adjusted 0.4 percent in the fourth quarter of 2016, compared to a 0.1 percent growth in the September quarter, matching preliminary estimates. Growth was mainly supported by domestic demand while net trade contributed negatively as imports grew more than exports. Year-on-year, the GDP advanced 1.2 percent, slower than a preliminary estimate of 1.6 percent and compared with a 1.5 percent expansion in the third quarter. It was the weakest expansion since the third quarter 2014. Considering full 2016, the economy advanced 1.9 percent, the strongest in five years. 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
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-24 07:00 AM Q3 0.2% 0.4% 0.2% 0.2%
2017-02-14 07:00 AM Q4 0.4% 0.1% 0.5% 0.5%
2017-02-23 07:00 AM Q4 0.4% 0.1% 0.4% 0.4%
2017-05-12 06:00 AM Q1 0.4% 0.4%
2017-05-23 06:00 AM Q1 0.4% 0.4%
2017-08-15 06:00 AM Q2 0.4%




German GDP Growth Confirmed At 0.4% In Q4


The German economy expanded a seasonally-adjusted 0.4 percent in the fourth quarter of 2016, compared to a 0.1 percent growth in the September qurter and matching preliminary estimates. Growth was supported by domestic demand and investment while net trade brought a downward effect.

Quarter-on-quarter, private consumption rose 0.3 percent, compared to a 0.2 percent growth in the three months to September. Public consumption advanced by 0.8 percent, up significantly from a 0.2 percent increase in the previous quarter. Overall consumption contributed 0.3 percentage points to growth. Gross fixed capital formation went up 0.8 percent, rebounding from a 0.2 percent contraction in the third quarter. Construction investment increased the most by 1.6 percent (from a 0.3 percent decline in Q3), followed by investment in other products (0.3 percent from 0.6 percent). In contrast, investment in machinery and equipment dropped by 0.1 percent (after a 0.5 percent decline in the third quarter). Exports rose 1.8 percent, compared to a 0.3 percent fall in the September quarter. Imports also went up 3.1 percent, much faster than a 0.4 percent growth in the previous three months. That brought a downward effect to the GDP (-0.4 percentage points). Inventories contributed 0.3 percentage points to growth.

Year-on-year, the GDP advanced 1.2 percent, slower than preliminary estimates of a 1.6 percent growth and a 1.5 percent expansion in the third quarter. It was the weakest expansion since the September quarter 2014. Household final consumption rose 1.5 percent, the same pace as in the previous quarter. Government consumption expanded 3.2 percent, down  from a 3.5 percent expansion in the September quarter. Overall consumption contributed 1.5 percentage points to growth. Gross fixed capital formation grew 0.1 percent (after a 1.4 percent expansion in the preceding quarter). Investment in other products rose the most by 2.5 percent, followed by construction (1.3 percent). In contrast, machinery and equipment investment fell 2.6 percent. Overall investment gave no contribution to growth. Changes in inveentories also showed no contribution to growth. The balance of exports and imports substracted 0.2 percentage points to the year-on-year GDP growth. 

Considering full 2016, the economy advanced 1.9 percent, the strongest in five years.

Destatis l Rida Husna | rida@tradingeconomics.com
2/23/2017 8:48:15 AM



Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.10 2.10 -4.50 percent [+]
GDP Annual Growth Rate 1.20 1.50 6.00 -7.90 percent [+]
GDP 3363.45 3879.28 3879.28 215.02 USD Billion [+]
GDP Constant Prices 713.11 710.08 713.11 507.63 EUR Billion [+]
Gross National Product 805.76 798.82 805.76 389.80 EUR Billion [+]
Gross Fixed Capital Formation 141.56 140.38 142.78 107.52 EUR Billion [+]
GDP per capita 45408.31 44877.55 45408.31 19625.92 USD [+]
GDP per capita PPP 44187.86 43671.37 44187.86 31469.85 USD [+]
GDP From Agriculture 4.65 4.53 6.42 3.20 EUR Billion [+]
GDP From Construction 38.35 36.00 38.35 14.47 EUR Billion [+]
GDP From Manufacturing 157.69 161.26 164.39 90.56 EUR Billion [+]
GDP From Public Administration 135.28 128.46 135.28 50.63 EUR Billion [+]
GDP From Services 113.06 112.90 114.11 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.10 2.10 -4.50 1991 - 2016 percent Quarterly



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