Germany GDP Growth Rate 1991-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Germany expanded 0.10 percent in the third 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
0.10 -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 Monday, December 22, 2014.


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.

Quarter-on-quarter, private consumption grew 0.7 percent, the biggest increase in three years, and public investment rose 0.6 percent. Overall consumption contributed 0.5 percentage points to growth. Positive contributions were also made by foreign trade which added 0.2 percentage point to the growth. The increase in exports (1.9 percent) was higher than that of imports (+1.7 percent). 

In contrast, total capital formation subtracted 0.7 percentage point from the growth. Investment in machinery and equipment was down 2.3 percent and investment in construction decreased by 0.3 percent. Inventories were also reduced, which slowed the gross domestic product growth by 0.5 percentage points.

Year-on-year, the GDP expanded by 1.2 percent as compared to 1 percent growth in the second quarter of 2014. 



DESTATIS l Rida l rida@tradingeconomics.com
11/25/2014 12:30:23 PM


Recent Releases

German Economy Avoids Recession in Q3
German GDP grew 0.1 percent in the third quarter of 2014 as compared to a revised 0.1 percent contraction reported from April to June. The meager expansion was mainly driven by an increase in household consumption and exports while investment decreased. Published on 2014-11-14

German GDP Contraction Confirmed in Q2
The German economy contracted a seasonally adjusted 0.2 percent in the second quarter of 2014, as exports grew less than imports, matching preliminary estimates. Published on 2014-09-01


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-01 07:00 AM
GDP Growth Rate QoQ Final  Q2
-0.2% 0.7% -0.2% -0.2%
2014-11-14 07:00 AM
GDP Growth Rate QoQ - Flash  Q3
0.1% -0.1% (R) 0.1% 0.16%
2014-11-25 07:00 AM
GDP Growth Rate QoQ - Final  Q3
0.1% -0.1% 0.1%
2015-01-15 08:00 AM
GDP Growth Rate 
0.15%
2015-02-13 07:00 AM
GDP Growth Rate QoQ Flash  Q4
0.15%
2015-02-25 07:00 AM
GDP Growth Rate QoQ - Final  Q4


Germany GDP Last Previous Highest Lowest Unit
GDP 3634.82 3425.95 3634.82 208.90 USD Billion [+]
GDP Growth Rate 0.10 -0.10 2.10 -3.70 percent [+]
GDP Annual Growth Rate 1.20 1.00 5.20 -6.80 percent [+]
GDP Constant Prices 681.10 680.65 681.23 507.63 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 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/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 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]