Germany GDP Annual Growth Rate  1992-2016 | Data | Chart | Calendar

The German economy advanced 1.7 percent in 2015, better than a 1.6 percent expansion in 2014 and higher than market expectations of 1.6 percent. It is the best performance in four years, boosted by domestic demand. Private spending increased the most since 2000 while foreign trade contributed only marginally to growth. GDP Annual Growth Rate in Germany averaged 1.33 percent from 1992 until 2015, 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. GDP Annual Growth Rate in Germany is reported by the Federal Statistical Office.

Germany GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.80 6.00 -7.90 1992 - 2015 percent Quarterly
NSA
The German economy - the fifth largest economy in the world in PPP terms 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-13 07:00 AM Q3 1.8% 1.6% 1.8% 1.7%
2015-11-24 07:00 AM Q3 1.8% 1.6% 1.8% 1.8%
2016-01-14 09:00 AM 2015 1.7% 1.6% 1.6% 1.8%
2016-02-12 07:00 AM Q4 1.8% 2.3% 2%
2016-02-23 07:00 AM Q4 1.8%
2016-05-13 06:00 AM Q1 1.3%

Germany 2015 GDP Growth at 4-Year High


The German economy advanced 1.7 percent in 2015, better than a 1.6 percent expansion in 2014 and higher than market expectations of 1.6 percent. It is the better performance in four years, boosted by domestic demand. Private spending recorded the strongest increase since 2000 while foreign trade contributed only marginally to growth.

Final consumption expenditure was the main driving force for GDP growth in 2015. Household spending increased by 1.9 percent, government consumption rose 2.8 percent and gross fixed capital formation in machinery and equipment by businesses and general government together was up 3.6 percent. Construction investment edged up 0.2 percent. Exports increased 5.4 percent and imports rose 5.7 percent. The resulting balance of exports and imports made a relatively small contribution to GDP growth (+0.2 percentage points).

On the production side, industry (excluding construction), which accounts for over a quarter of total gross value added, increased markedly by 2.2 percent. Among services, only financial and insurance activities fell (-1 percent) and construction also decreased (-0.2 percent).


Destatis | Joana Taborda | joana.taborda@tradingeconomics.com
1/14/2016 9:40:16 AM

Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 2.00 -4.50 percent [+]
GDP Annual Growth Rate 1.70 1.80 6.00 -7.90 percent [+]
GDP 3868.29 3745.32 3868.29 215.02 USD Billion [+]
GDP Constant Prices 696.37 694.18 696.37 507.63 EUR Billion [+]
Gross National Product 777.36 766.84 777.36 389.37 EUR Billion [+]
Gross Fixed Capital Formation 138.58 138.94 139.53 107.52 EUR Billion [+]
GDP per capita 39717.70 39208.76 39717.70 17463.91 USD [+]
GDP per capita PPP 43443.70 42887.02 43443.70 31476.12 USD [+]
GDP From Agriculture 3.61 3.88 6.42 3.20 EUR Billion [+]
GDP From Construction 34.29 31.58 34.29 14.47 EUR Billion [+]
GDP From Manufacturing 156.71 154.99 156.71 90.56 EUR Billion [+]
GDP From Public Administration 124.16 119.54 125.72 50.63 EUR Billion [+]
GDP From Services 108.78 107.06 108.78 53.73 EUR Billion [+]




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