Germany's gross domestic product shrank by 0.2 percent on quarter in the final three months of 2022, following an upwardly revised 0.5 percent expansion in the previous period and defying market expectations of stagnation, a preliminary estimate showed. The contraction in Europe's largest economy was mainly led by a decline in household consumption, amid rising interest rates and stubbornly high inflation. On a yearly basis, the economic growth slowed to 1.1 percent in the fourth quarter, the weakest since a 2.1 percent contraction recorded in the first quarter of 2021. source: Federal Statistical Office
GDP Growth Rate in Germany averaged 0.48 percent from 1970 until 2022, reaching an all time high of 9.00 percent in the third quarter of 2020 and a record low of -9.50 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
GDP Growth Rate in Germany is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany GDP Growth Rate is projected to trend around 0.50 percent in 2024 and 0.40 percent in 2025, according to our econometric models.