Germany GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Germany expanded 1.30 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Germany is reported by the Federal Statistical Office. GDP Annual Growth Rate in Germany averaged 1.29 Percent from 1992 until 2013, reaching an all time high of 5.20 Percent in the first quarter of 2011 and a record low of -6.80 Percent in the second quarter of 2009. Germany is the fourth largest economy in the world. Services are the biggest sector of the economy and account for 68 percent of total GDP. Within services, the most important segments are: public services, education and health (18 percent); trade, transport, accommodation and food services (16 percent); real estate (11 percent) and business services (10 percent). Since German economy is export driven, manufacturing accounts for 25 percent of total GDP and is crucial for the growth. The rest of the industry constitutes 5 percent of GDP and agriculture makes the remaining 1 percent. This page provides - Germany GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.30 1.10 5.20 -6.80 0.91 | 2014/03 1992 - 2013 Percent Quarterly


Germany GDP Annual Growth Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-14 07:00 AM Germany
GDP Growth Rate YoY - P.
Q3 2013 1.1% 0.9% 0.7% 1.9%
2013-11-22 07:00 AM Germany
GDP Growth Rate YoY - Breakdown
Q3 2013 1.1% 0.9% 1.1% 1.9%
2014-02-14 07:00 AM Germany
GDP Growth Rate YoY Flash
Q4 2013 1.3% 1.1% 1.3% -0.64%
2014-02-25 07:00 AM Germany
GDP Growth Rate YoY - Final
Q4 2013 1.3% 1.1% 1.3% 1.3%
2014-05-15 07:00 AM Germany
GDP Growth Rate YoY
Q1 2014 1.3% 0.91%
2014-08-14 07:00 AM Germany
Q2 2014 1.11%

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 37479.11 2012-12-31 37271.09 37479.11 16932.49 38187.01 2014-06-30 USD [+]
GDP per capita PPP 34765.90 2012-12-31 34572.94 34765.90 20860.68 35422.54 2014-06-30 USD [+]
GDP Constant Prices 625.52 2013-11-15 623.12 625.52 466.33 628.98 2014-06-30 EUR Billion [+]
Gross Fixed Capital Formation 109.72 2013-11-15 108.22 112.44 89.49 110.09 2014-03-31 EUR Billion [+]
Gross National Product 710.52 2013-11-15 705.36 710.52 375.74 720.21 2014-03-31 EUR Billion [+]
GDP Growth Rate 0.40 2013-12-31 0.30 2.10 -3.70 0.50 2014-03-31 Percent [+]
GDP Annual Growth Rate 1.30 2013-12-31 1.10 5.20 -6.80 0.91 2014-03-31 Percent [+]
GDP 3399.60 2012-12-31 3600.80 3623.70 208.90 3255.18 2014-06-30 USD Billion [+]

GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


Germany Inflation Rate Slows in March  
Consumer prices in Germany rose by an annual 1.0 percent in March of 2014, matching the preliminary estimate, and decelerating from 1.2 percent in February. The last time an inflation rate of 1.0 percent was observed was in August of 2010.
Germany Trade Surplus Increases 8.6% in February  
German trade surplus widened to € 16.3 billion in February of 2014 from € 15.0 billion in the previous month. Compared with the same month last year, the trade surplus narrowed slightly by 3 percent, as imports rose the most in nearly two-and-a-half years.
German Unemployment Rate Up to 5.1%  
In February of 2014, German seasonally adjusted jobless rate rose slightly to 5.1 percent from 5.0 percent in the previous month, figures published by the Federal Statistical Office showed. Youth unemployment rose to 7.7 percent from 7.6 percent in January.
German Inflation Rate Down to 3-1/2-Year Low  
Annual consumer prices in Germany are expected to slow to 1.0 percent in March of 2014, preliminary figures showed. The inflation rate decelerated for the third consecutive month, as energy prices keep falling.
Germany Inflation Rate Confirmed at 1.2% in February  
German consumer prices rose at a slower 1.2 percent in February of 2014, down from 1.3 percent in the previous month and confirming the preliminary estimate released later in February.
German Trade Surplus Widens in January  
Germany recorded a € 15 billion trade surplus in January of 2014, up from a revised € 13.9 billion in the previous month and € 13.6 billion a year earlier, as exports increased by an annual 2.9 percent and imports by 1.5 percent.
Germany Inflation Rate Down to 1.2% in February  
Consumer prices in Germany are expected to rise by 1.2% in February 2014 compared with February 2013, according to the preliminary data released by the Federal Statistical Office. The relatively low inflation rate is mainly due to decrease in energy prices.
Germany’s Unemployment Rate Down to 5% in January  
In January of 2014, German seasonally adjusted jobless rate fell to 5 percent from 5.1 percent in the previous month, figures published by the Federal Statistical Office showed. Youth unemployment fell slightly to 7.6 percent from 7.7 percent in December.
Exports Drive German GDP Growth in Q4  
In the last quarter of 2013, the German GDP expanded by 0.4 percent on a quarter-on-quarter basis, confirming an earlier estimate and boosted by foreign trade, while domestic demand remained weak.
German GDP Beats Expectations in Q4 2013  
German economic growth accelerated to 0.4 percent in the fourth quarter of 2013 up from 0.3 percent in the previous three-month period, supported by a rise in exports and capital investment.


US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.

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