Germany GDP Annual Growth Rate  1992-2017 | Data | Chart | Calendar

Germany's gross domestic product advanced by 1.2 percent year-on-year in the fourth quarter of 2016, compared with a 1.5 percent expansion in the previous period and a 1.6 percent growth previously estimated. Domestic demand contributed positively, as household consumption increased by 1.5 percent (the same as in Q3) and government expenditure was up by 3.2 percent (from 3.7 percent in Q3). Also, gross fixed capital formation in construction grew by 1.3 percent (from 2.1 percent in Q3), in particular in dwellings. Meanwhile, foreign trade had a downward effect on growth as imports increased by 4.5 percent (from 2.4 percent in Q3) while exports rose at a slower 3.3 percent (from 1.3 percent in Q3). For the whole year of 2016, the GDP advanced by 1.9 percent, the highest growth rate in five years, mainly driven by consumption expenditure. GDP Annual Growth Rate in Germany averaged 1.37 percent from 1992 until 2016, reaching an all time high of 6 percent in the first quarter of 2011 and a record low of -7.90 percent in the second quarter of 2009.

Germany GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-12 09:00 AM 2016 1.9% 1.7% 1.8% 2%
2017-02-14 07:00 AM Q4 1.2% 1.5% 1.7% 1.9%
2017-02-23 07:00 AM Q4 1.2% 1.5% 1.6% 1.2%
2017-05-12 06:00 AM Q1 1.2% 1.8%
2017-05-23 06:00 AM Q1 1.2% 1.8%
2017-08-15 06:00 AM Q2 1.7%




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 713.11 710.08 713.11 507.63 EUR Billion [+]
Gross National Product 805.76 798.82 805.76 389.80 EUR Billion [+]
Gross Fixed Capital Formation 141.56 140.38 142.78 107.52 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 4.65 4.53 6.42 3.20 EUR Billion [+]
GDP From Construction 38.35 36.00 38.35 14.47 EUR Billion [+]
GDP From Manufacturing 157.69 161.26 164.39 90.56 EUR Billion [+]
GDP From Public Administration 135.28 128.46 135.28 50.63 EUR Billion [+]
GDP From Services 113.06 112.90 114.11 53.73 EUR Billion [+]


Germany GDP Annual Growth Rate Notes

The German economy - the fifth largest economy in the world and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. 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 account for 39 percent, adding 7 percent to total GDP. This page provides the latest reported value for - Germany GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.50 6.00 -7.90 1992 - 2016 percent Quarterly
NSA



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