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

The German economy grew a seasonally-adjusted 0.3 percent in the third quarter of 2015, slowing from a 0.4 percent expansion in the June quarter and matching preliminary estimates. A faster increase in household and government spending were unable to offset a further decline in investment and a downward effect of foreign trade. 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
0.30 0.40 2.00 -4.50 1991 - 2015 percent Quarterly
Germany is the fourth 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-08-25 07:00 AM Q2 0.4% 0.3% 0.4% 0.4%
2015-11-13 07:00 AM Q3 0.3% 0.4% 0.3% 0.3%
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%
2016-02-23 07:00 AM Q4 0.3%
2016-05-13 06:00 AM Q1 0.3%

German GDP Growth Confirmed at 0.3% in Q3


The German economy grew a seasonally-adjusted 0.3 percent in the third quarter of 2015, slowing from a 0.4 percent expansion in the June quarter and matching preliminary estimates. A faster increase in household and government spending were unable to offset a further decline in investment and a downward effect of foreign trade.

Quarter-on-quarter, private consumption grew by 0.6 percent, as compared to a 0.1 percent growth in the preceding quarter. Public consumption rose 1.3 percent, accelerating from a 0.7 percent growth in the June quarter. Overall consumption contributed 0.6 percentage points to growth. Gross fixed capital formation contracted 0.3 percent, following a 0.4  percent drop in the previous three months. Investment in machinery and equipment fell the most by 0.8 (after a 0.5 percent rise in the previous quarter). Construction investment also shrank 0.3 percent (after a 1.3 percent contraction in the second quarter). In contrast, investment in other products grew by 0.6 percent, following a 0.7 percent growth in the June quarter.
 
Exports rose 0.2 percent, slowing  from a 1.8 percent increase in the previous quarter. Imports rose by 1.1 percent, accelerating from a 0.5 percent rise in the previous three months. That brought a downward effect of the GDP (-0.4 percentage points). Inventories were up, adding 0.2 percentage points to growth.
 
Year-on-year, the GDP expanded by 1.8 percent following a 1.6 percent expansion in the previous quarter. Household final consumption rose by 2.1 percent, up from a 1.8 percent growth in the previous quarter. Government consumption expanded 2.9 percent, accelerating from 2.1 percent growth in the June quarter. Gross fixed capital formation also grew by 2.2 percent (after a 1.9 percent expansion in the preceding quarter). Equipment investment grew the most by 4.2 percent, followed by other plants investments (+2.8 percent) and construction investment (+0.8 percent). Overall investment added 0.5 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 also slashed 0.1 percentage points contribution to the year-on-year GDP growth.
 

Destatis l Rida Husna | rida@tradingeconomics.com
11/24/2015 7:54:38 AM

Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 2.00 -4.50 percent [+]
GDP Annual Growth Rate 1.70 1.80 6.00 -7.90 percent [+]
GDP 3868.29 3745.32 3868.29 215.02 USD Billion [+]
GDP Constant Prices 696.37 694.18 696.37 507.63 EUR Billion [+]
Gross National Product 777.36 766.84 777.36 389.37 EUR Billion [+]
Gross Fixed Capital Formation 138.58 138.94 139.53 107.52 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 3.61 3.88 6.42 3.20 EUR Billion [+]
GDP From Construction 34.29 31.58 34.29 14.47 EUR Billion [+]
GDP From Manufacturing 156.71 154.99 156.71 90.56 EUR Billion [+]
GDP From Public Administration 124.16 119.54 125.72 50.63 EUR Billion [+]
GDP From Services 108.78 107.06 108.78 53.73 EUR Billion [+]




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