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 downwardly revised 0.1 percent expansion in the September quarter but slightly less than market consensus of a 0.5 percent growth, flash estimates showed. Positive contributions came from domestic demand while foreign trade had a downward effect on growth. Year-on-year, the GDP advanced 1.2 percent, following to a 1.5 percent growth in the previous three months and missing expectations of a 1.7 percent expansion. Considering full 2016, the economy grew by 1.9 percent, the strongest in half a decade. 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)
2016-11-15 07:00 AM Q3 0.2% 0.4% 0.3% 0.2%
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 0.1% 0.4% 0.4%
2017-05-12 06:00 AM Q1 0.4%
2017-05-23 06:00 AM Q1 0.4%




German GDP Growth Below Estimates In Q4


The German economy expanded a seasonally-adjusted 0.4 percent in the fourth quarter of 2016, compared to a downwardly revised 0.1 percent expansion in the September quarter but slightly less than market consensus of a 0.5 percent growth, flash estimates showed. Positive contributions came from domestic demand while foreign trade had a downward effect on growth.

In the three months to December, government final spending rose markedly while household final consumption increased slightly. Also, capital formation showed positive development, driven by an increase in construction investment. Meanwhile, imports was markedly larger than that of exports.

The economic performance in the fourth quarter 2016 was achieved by 43.7 million persons in employment, which was an increase of 267,000, or 0.6 percent from a year earlier.

Year-on-year, the GDP advanced 1.2 percent, following to a 1.5 percent growth in the previous three months and missing expectations of a 1.7 percent expansion.

Considering full 2016, the economy grew by 1.9 percent, the strongest in half a decade.

Destatis l Rida Husna | rida@tradingeconomics.com
2/14/2017 7:54:14 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 713.11 710.03 713.11 507.63 EUR Billion [+]
Gross National Product 798.82 803.16 803.16 389.80 EUR Billion [+]
Gross Fixed Capital Formation 140.39 140.47 142.57 107.52 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 4.56 4.53 6.42 3.20 EUR Billion [+]
GDP From Construction 36.19 34.29 36.19 14.47 EUR Billion [+]
GDP From Manufacturing 160.92 164.19 164.19 90.56 EUR Billion [+]
GDP From Public Administration 128.52 125.87 130.77 50.63 EUR Billion [+]
GDP From Services 113.27 113.49 113.49 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 February 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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