Germany GDP Growth Rate  1970-2018 | Data | Chart | Calendar | Forecast

The German economy advanced a seasonally-adjusted 0.5 percent on quarter in the three months to June of 2018, following a 0.4 percent growth in the previous period and matching the preliminary estimate. Domestic demand supported the expansion while net exports contributed negatively to GDP growth. GDP Growth Rate in Germany averaged 0.51 percent from 1970 until 2018, reaching an all time high of 4 percent in the second quarter of 1970 and a record low of -4.50 percent in the first quarter of 2009.

Germany GDP Growth Rate
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German Q2 GDP Growth Confirmed at 0.5%


The German economy advanced a seasonally-adjusted 0.5 percent on quarter in the three months to June of 2018, following a 0.4 percent growth in the previous period and matching the preliminary estimate.

Positive contributions to the GDP growth came from domestic demand, in particular household consumption (0.2 percentage points), government spending (0.1 percentage points) and gross fixed capital formation (0.1 percentage points). In addition, changes in inventories added 0.4 percentage points to the GDP growth, while net exports contributed negatively (-0.4 percentage points).

Household consumption expanded by 0.3 percent in the second quarter (vs 0.5 percent in Q1) and government spending rose by 0.6 percent (vs -0.3 percent in Q1). Also, there was an increase in gross fixed capital formation (0.5 percent vs 1.4 percent in Q1), driven by investment in machinery and equipment (0.3 percent vs 2.3 percent), in construction (0.6 percent vs 1.6 percent) and in other fixed assets (0.3 percent vs -0.5 percent). Exports of goods and services went up by 0.7 percent in the three months to June (vs -0.3 percent in Q1), and imports climbed by 1.7 percent (vs -0.2 percent in Q1).

Year-on-year, the economy expanded a calendar-adjusted 2 percent in the second quarter, the least since the fourth quarter of 2016, following a 2.1 percent growth in the prior period. On a non-seasonally adjusted basis, the German economy grew by 2.3 percent in the second quarter, much faster than a 1.4 percent expansion in previous three-month period, boosted by fixed investment (3.4 percent vs 2.2 percent); household consumption (1 percent vs 1.6 percent); and public spending (1 percent vs 0.8 percent). In addition, net trade contributed positively as exports jumped 4.2 percent (vs 2.2 percent in Q1) and imports climbed 4.1 percent (vs 2.7 percent in Q1). Changes in inventories added 0.6 percentage points to the GDP growth.


Destatis | Rida | rida@tradingeconomics.com
8/24/2018 9:15:29 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-24 06:00 AM GDP Growth Rate QoQ Final 0.3% 0.6% 0.3% 0.3%
2018-08-14 06:00 AM GDP Growth Rate QoQ Flash 0.5% 0.4% 0.5% 0.5%
2018-08-24 06:00 AM GDP Growth Rate QoQ Final 0.5% 0.4% 0.5% 0.5%
2018-11-14 07:00 AM GDP Growth Rate QoQ Flash 0.5% 0.6%
2018-11-23 07:00 AM GDP Growth Rate QoQ Final 0.5%


Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.40 4.00 -4.50 percent [+]
GDP Annual Growth Rate 2.00 2.10 7.20 -6.80 percent [+]
GDP 3677.44 3477.80 3890.61 215.02 USD Billion [+]
GDP Constant Prices 746.09 742.73 746.09 507.82 EUR Billion [+]
Gross National Product 865.14 855.77 865.14 389.85 EUR Billion [+]
Gross Fixed Capital Formation 152.55 151.84 152.55 107.51 EUR Billion [+]
GDP per capita 46747.19 45923.01 46747.19 19624.75 USD [+]
GDP per capita PPP 45229.25 44431.82 45229.25 31287.07 USD [+]
GDP From Agriculture 5.50 5.38 7.26 3.20 EUR Billion [+]
GDP From Construction 39.81 31.86 40.42 14.47 EUR Billion [+]
GDP From Manufacturing 182.00 175.17 182.00 90.56 EUR Billion [+]
GDP From Public Administration 134.10 137.42 139.36 50.63 EUR Billion [+]
GDP From Services 126.55 116.35 126.55 53.73 EUR Billion [+]


Germany GDP Growth Rate

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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.40 4.00 -4.50 1970 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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