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

The German economy advanced a seasonally-adjusted 0.4 percent in the June quarter of 2016, slowing from a 0.7 percent expansion in the preceding quarter and matching preliminary estimates. Net trade was the biggest contributor to growth while private consumption slowed and investment shrank. Year-on-year, the GDP expanded 3.1 percent, accelerating from a 1.5 percent growth in the previous three months. It was the strongest expansion since the second quarter 2011. GDP Growth Rate in Germany averaged 0.32 percent from 1991 until 2016, 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
0.40 0.70 2.00 -4.50 1991 - 2016 percent Quarterly
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 August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-24 06:00 AM Q1 0.7% 0.3% 0.7% 0.7%
2016-08-12 06:00 AM Q2 0.4% 0.7% 0.2% 0.4%
2016-08-24 06:00 AM Q2 0.4% 0.7% 0.4% 0.4%
2016-11-15 07:00 AM Q3 0.4% 0.3%
2016-11-24 07:00 AM Q3 0.4%

German GDP Growth Confirmed at 0.4% in Q2


The German economy advanced a seasonally-adjusted 0.4 percent in the June quarter of 2016, slowing from a 0.7 percent expansion in the preceding quarter and matching preliminary estimates. Net trade was the biggest contributor to growth while private consumption slowed and investment shrank.

Quarter-on-quarter, private consumption rose 0.2 percent, compared to a 0.3 percent growth in the March quarter. Public consumption advanced by 0.6 percent, slowing from a 1.3 percent increase in the previous three months. Overall consumption contributed 0.2 percentage points to growth. Gross fixed capital formation shrank 1.5 percent, following a 1.7  percent expansion in the previous quarter. Investment in machinery and equipment dropped the most by 2.4 percent (after a 1.2 percent rise in the first quarter), followed by construction (-1.6 percent from +2.3 percent). In contrast, investment in other products grew by 0.7 percent, slowing from a 0.9 percent rise in the previous three months. Exports increased by 1.2 percent, compared to a 1.6 percent growth in the March quarter. Imports declined by 0.1 percent, swinging from a 1.3 percent rise in the previous three months. That brought an upward effect to the GDP (+0.6 percentage points). Inventories were down, subtracting 0.1 percentage points off growth.

Year-on-year, the GDP expanded 3.1 percent, accelerating from a 1.5 percent growth in the previous three months. It was the strongest expansion since the second quarter 2011 as all components in the economy showed an expansion. Household final consumption rose 2.4 percent, faster than a 1.7 percent growth in the previous quarter. Government consumption expanded by 3.9 percent, slowing from a 4.4 percent expansion in the March quarter. Gross fixed capital formation also grew 2.9 percent (after a 1.1 percent expansion in the preceding quarter). Construction investment grew the most by 5.1 percent, followed by machinery and equipment investment (+4.4 percent) and other products (+2.7 percent). Overall investment added 0.9 percentage points to growth. In contrast, the reduction in inventories slowed down the GDP growth by 0.4 percentage points. The balance of exports and imports added 0.6 percentage points to the year-on-year GDP growth. 

Destatis l Rida Husna | rida@tradingeconomics.com
8/24/2016 8:28:33 AM

Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.70 2.00 -4.50 percent [+]
GDP Annual Growth Rate 3.10 1.50 6.00 -7.90 percent [+]
GDP 3355.77 3868.29 3868.29 215.02 USD Billion [+]
GDP Constant Prices 708.68 705.78 708.68 507.63 EUR Billion [+]
Gross National Product 803.16 788.66 803.16 389.80 EUR Billion [+]
Gross Fixed Capital Formation 140.47 142.57 142.57 107.52 EUR Billion [+]
GDP per capita 45269.79 44755.18 45269.79 19625.92 USD [+]
GDP per capita PPP 44053.07 43552.29 44053.07 31469.85 USD [+]
GDP From Agriculture 4.53 4.27 6.42 3.20 EUR Billion [+]
GDP From Construction 34.29 26.55 35.88 14.47 EUR Billion [+]
GDP From Manufacturing 164.19 154.32 164.19 90.56 EUR Billion [+]
GDP From Public Administration 125.87 128.34 130.77 50.63 EUR Billion [+]
GDP From Services 113.49 102.89 113.49 53.73 EUR Billion [+]




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