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

The Gross Domestic Product (GDP) in Germany shrank 0.20 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Germany averaged 0.30 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.

   
 
 
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Germany GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.70 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 Saturday, August 23, 2014.


German Economy Contracts in Q2


German GDP shrank by 0.2 percent between April and June as foreign trade and investment were weaker than expected.

In a quarter-on-quarter comparison, the increase in exports was smaller than the increase in imports, so that the balance of exports and imports had a negative effect on the German economic development. Also, capital formation, especially in construction, fell markedly, one of the probable causes being anticipatory effects due to the unusually mild winter of 2013/2014. However, both households and government consumed slightly more than in the previous quarter.

Compared with the previous year, the German economy lost momentum, too, but continued to grow. The price-adjusted GDP in the second quarter of 2014 was up by 0.8% (1.2% when calendar-adjusted) on the second quarter of 2013.

Destatis | anna@tradingeconomics.com
8/14/2014 7:51:28 AM


Recent Releases

Domestic Demand Drives German GDP Growth in Q1
German GDP expanded by a seasonally-adjusted 0.8 percent in the first quarter of 2014, up from 0.4 percent in the last three months of 2013 and in line with flash estimates. It is the fastest growth rate in three years, boosted by investment and consumer spending amid mild weather conditions. Published on 2014-05-23

German GDP Growth Accelerates in Q1
German economy advanced 0.8 percent in the first three months of 2014 driven by domestic consumption. It is the fastest expansion since the first quarter of 2011, doubling the growth rate of the previous quarter. Published on 2014-05-15


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-02-25 07:00 AM Germany
GDP Growth Rate QoQ - Final
Q4 2013 0.4% 0.3% 0.4% 0.4%
2014-05-15 07:00 AM Germany
GDP Growth Rate QoQ Flash
Q1 2014 0.8% 0.4% 0.73% 0.9%
2014-05-23 07:00 AM Germany
GDP Growth Rate QoQ Final
Q1 2014 0.8% 0.4% 0.8% 0.8%
2014-08-14 07:00 AM Germany
GDP Growth Rate QoQ Flash
Q2 2014 -0.2% 0.7% (R) -0.1% 0.3%
2014-09-01 07:00 AM Germany
GDP Growth Rate QoQ Final
Q2 2014 0.7% -0.2% -0.2%


GDP Last Previous Highest Lowest Unit
GDP 3634.82 3425.95 3634.82 208.90 USD Billion [+]
GDP Growth Rate -0.20 0.70 2.10 -3.70 Percent [+]
GDP Annual Growth Rate 0.80 2.50 5.20 -6.80 Percent [+]
GDP Constant Prices 679.49 680.59 680.59 507.63 EUR Billion [+]
Gross National Product 715.87 712.10 715.87 375.74 EUR Billion [+]
GDP per capita 38291.62 38219.83 38291.62 16932.49 USD [+]
Gross Fixed Capital Formation 112.51 108.99 112.51 89.49 EUR Billion [+]
GDP per capita PPP 34765.90 34572.94 34765.90 20860.68 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 1.10 Mar/14 0.80 4.50 -2.00 Percent [+]
Brazil 0.20 Mar/14 0.40 4.50 -4.20 Percent [+]
Canada 0.30 Mar/14 0.70 3.33 -1.80 Percent [+]
China 2.00 Jun/14 1.50 2.50 1.40 Percent [+]
Euro Area 0.00 Jun/14 0.20 1.30 -2.80 Percent [+]
France 0.00 Jun/14 0.00 1.60 -1.70 Percent [+]
Germany -0.20 Jun/14 0.70 2.10 -3.70 Percent [+]
India 2.10 Mar/14 1.10 5.80 -1.90 Percent [+]
Indonesia 2.47 Jun/14 0.97 3.82 -3.57 Percent [+]
Italy -0.20 Jun/14 -0.10 6.00 -3.50 Percent [+]
Japan -1.70 Jun/14 1.60 3.20 -4.00 Percent [+]
Mexico 1.00 Jun/14 0.44 2.90 -6.60 Percent [+]
Netherlands 0.50 Jun/14 -0.40 2.00 -2.20 Percent [+]
Russia -0.30 Mar/14 0.30 4.10 -5.40 Percent [+]
South Korea 0.60 Jun/14 0.90 6.80 -7.00 Percent [+]
Spain 0.60 Jun/14 0.40 1.53 -1.60 Percent [+]
Switzerland 0.50 Mar/14 0.20 1.90 -2.20 Percent [+]
Turkey 1.70 Mar/14 0.90 6.69 -7.57 Percent [+]
United Kingdom 0.80 Jun/14 0.80 5.30 -2.50 Percent [+]
United States 4.00 Jun/14 -2.10 16.90 -10.00 Percent [+]





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