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

The German economy expanded a seasonally-adjusted 0.3 percent on quarter in the three months to March of 2018, following a 0.6 percent growth in the previous period and matching the preliminary estimate. It was the weakest pace of expansion since the September quarter of 2016. Year-on-year, the economy expanded a calendar-adjusted 2.3 percent, after a 2.9 percent growth in the prior period and in line with the preliminary figure. It was the lowest growth rate since the June quarter 2017. 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




German Q1 GDP Growth Confirmed at 1-1/2-Year Low


The German economy expanded a seasonally-adjusted 0.3 percent on quarter in the three months to March of 2018, following a 0.6 percent growth in the previous period and matching the preliminary estimate. It was the weakest pace of expansion since the September quarter of 2016.

Still, it marked the 15th straight quarter of growth, making this Germany's longest upswing since 1991. Positive contribution to GDP mainly came from gross fixed capital formation (0.3 percentage points) and household consumption (0.2 percentage points). Meanwhile, government spending (-0.1 percentage points) and net exports (-0.1 percentage points) had a downward effect to GDP growth. In addition, changes in inventories substracted 0.1 percentage points from growth. 

Compared to the previous quarter, gross fixed capital formation expanded by 1.7 percent, after a 0.3 percent rise in Q4. Investment in construction grew the most (2.1 percent), followed by that in other products (1.5 percent) and that in machinery and equipment (1.2 percent). At the same time, household consumption increased by 0.4 percent, following  a 0.1 percent rise in Q4. On the other hand, government spending contracted by 0.5 percent, reversing from a 0.4 percent gain in the preceding quarter and marking the first drop in nearly five years. Exports of goods and services declined by 1 percent (vs 2.6 percent in the previous three-month period), and imports dropped by 1.1 percent (from 1.8 percent).

Year-on-year, the economy expanded a calendar-adjusted 2.3 percent, after a 2.9 percent growth in the prior period. It was the lowest growth rate since the June quarter 2017. On a non-seasonally adjusted basis the economy grew by 1.6 percent year-on-year, much slower than a 2.3 percent expansion in Q4, as government spending increased at a softer pace (1 percent from 1.6 percent). Also, gross fixed capital formation rose at a slower 2.7 percent (from 3.5 percent), as investment growth eased for all categories: machinery and equipment (4.4 percent from 6 percent); construction (1.3 percent from 1.7 percent) and other products (3.1 percent from 3.4 percent). Net external demand contributed much less to the GDP, as exports went up 3 percent while imports advanced at a faster 3.3 percent. Meanwhile, household consumption grew by 1.4 percent, faster than a 1.1 percent rise in the previous period.


Destatis | Rida | rida@tradingeconomics.com
5/24/2018 3:36:35 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-23 07:00 AM GDP Growth Rate QoQ Final 0.6% 0.7% 0.6% 0.6%
2018-05-15 06:00 AM GDP Growth Rate QoQ Flash 0.3% 0.6% 0.4% 0.4%
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 0.3% 0.6%
2018-08-24 06:00 AM GDP Growth Rate QoQ Final 0.3%
2018-11-14 07:00 AM GDP Growth Rate QoQ Flash 0.6%


Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.60 4.00 -4.50 percent [+]
GDP Annual Growth Rate 2.30 2.90 7.20 -6.80 percent [+]
GDP 3677.44 3477.80 3890.61 215.02 USD Billion [+]
GDP Constant Prices 739.90 737.70 739.90 507.76 EUR Billion [+]
Gross National Product 852.70 840.75 852.70 389.93 EUR Billion [+]
Gross Fixed Capital Formation 151.85 149.36 151.85 107.52 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 4.28 4.65 6.59 3.20 EUR Billion [+]
GDP From Construction 31.98 40.93 40.93 14.47 EUR Billion [+]
GDP From Manufacturing 172.42 168.58 172.42 90.56 EUR Billion [+]
GDP From Public Administration 137.99 140.75 140.75 50.63 EUR Billion [+]
GDP From Services 115.85 120.98 121.63 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.60 4.00 -4.50 1970 - 2018 percent Quarterly
SA




GDP growth rate by Country
Country Last
Turkey 2.00 Mar/18
United States 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Russia 0.85 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.20 Mar/18
Japan -0.20 Mar/18
Indonesia -0.42 Mar/18


Related

Latest