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

The Gross Domestic Product (GDP) in Germany contracted 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 Monday, September 1, 2014.


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.

On a quarter-on-quarter comparison (adjusted for price, seasonal and calendar variations), positive contributions were made by final consumption expenditure. In the second quarter of 2014, both household (+0.1 percent) and government final consumption expenditure (+0.1 percent) were higher than in the first quarter of 2014.

Capital formation decreased. Gross fixed capital formation in machinery and equipment was slightly down (-0.4 percent) on the previous quarter. Gross fixed capital formation in construction fell markedly by 4.2 percent, one of the probable reasons being anticipatory effects in the first quarter caused by the unusually mild winter of 2013/2014.

Also, the balance of exports and imports did not support gross domestic product growth. Although, from April to June, slightly more goods and services were exported (+0.9 percent) than in the first three months of the year, the increase in imports over the same period was considerably larger (+1.6 percent). As a result, the balance of exports and imports made a negative contribution to GDP growth (-0.2 percentage points).

The price-adjusted GDP in the second quarter of 2014 was up by 0.8 percent from the second quarter of 2013. In calendar-adjusted terms, the increase was slightly more marked (+1.2 percent) because there was one working day less than a year earlier. 

The increase in the entire first half of 2014, when adjusted for price, seasonal and calendar effects, was as much as 0.8% on the second half of 2013.

Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
9/1/2014 9:08:20 AM


Recent Releases

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. Published on 2014-08-14

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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 -0.2% 0.7% -0.2% -0.2%
2014-11-14 07:00 AM Germany
GDP Growth Rate QoQ Flash
Q3 2014 -0.2% 0.96%


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 -0.60 Jun/14 -0.20 4.50 -4.20 Percent [+]
Canada 0.80 Jun/14 0.20 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 4.20 Jun/14 -2.10 16.90 -10.00 Percent [+]





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