Germany GDP Growth Rate  1970-2017 | Data | Chart | Calendar | Forecast

The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the second quarter of 2017, following a 0.7 percent growth in the previous period and matching the preliminary estimate. It marked the 12th straight quarter of expansion, mainly supported by domestic demand and investment while net trade had a downward effect. Year-on-year, the GDP advanced 2.1 percent, following a 2.0 percent growth in the previous three months. GDP Growth Rate in Germany averaged 0.51 percent from 1970 until 2017, 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 GDP Growth Confirmed at 0.6% in Q2


The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the second quarter of 2017, following a 0.7 percent growth in the previous period and matching the preliminary estimate. It marked the 12th straight quarter of expansion, mainly supported by domestic demand and investment while net trade had a downward effect.

From the expenditure side, the positive contribution to GDP came from household consumption (0.4 percentage points), fixed investment (0.2 percentage points) and government spending (0.1 percentage point). Also, changed in inventories added 0.2 percentage points to growth. In contrast, net exports subtracted 0.3 percentage points from growth.

Quarter-on-quarter, private consumption rose 0.8 percent, much faster than a 0.4 percent increase in the preceding quarter. 

Government spending increased by 0.6 percent, after a 0.2 percent rise in Q1.

Gross fixed capital formation went up 1.0 percent, following a 2.7 percent in Q1, as investment growth slowed for all categories: machinery and equipment (1.2 percent from 2.1 percent), construction (0.9 percent from 3.4 percent) and other products (0.9 percent from 2.0 percent). 

Exports rose 0.7 percent (from 1.6 percent in Q1) while imports went up at a much faster 1.7 percent (from 0.4 percent).

Year-on-year, the GDP advanced 2.1 percent, following a  2.0 percent growth in the previous three months. On a non-seasonally adjusted basis the economy grew by 0.8 percent year-on-year (from 3.2 percent in Q1) as private consumption (1.6 percent from 1.8 percent) and government spending (1.5 percent from 1.6 percent) increased at slower paces. In addition, gross  fixed capital formation went up  at a slower 1.5 percent (from 4.8 percent in the March quarter), as investment rose at a slower pace for: construction (2.3 percent from 6.2 percent) and other products (3.4 percent from 3.9 percent). In contrast, investment in machinery and equipment fell 0.7 percent (from 3.3 percent in the preceding quarter). On the other hand, net external demand contributed negatively, as exports went up 1.0 percent while imports advanced at a faster 3.8 percent.

Destatis l Rida Husna | rida@tradingeconomics.com
8/25/2017 7:24:02 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-05-23 06:00 AM GDP Growth Rate QoQ Final 0.6% 0.4% 0.6% 0.6%
2017-08-15 06:00 AM GDP Growth Rate QoQ Flash 0.6% 0.7% 0.7% 0.6%
2017-08-25 06:00 AM GDP Growth Rate QoQ Final 0.6% 0.7% 0.6% 0.6%
2017-11-14 07:00 AM GDP Growth Rate QoQ Flash 0.6% 0.5%
2017-11-23 07:00 AM GDP Growth Rate QoQ Final 0.6% 0.5%


Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 4.00 -4.50 percent [+]
GDP Annual Growth Rate 2.10 2.00 7.20 -6.80 percent [+]
GDP 3466.76 3363.60 3879.28 215.02 USD Billion [+]
GDP Constant Prices 726.42 721.97 726.42 507.76 EUR Billion [+]
Gross National Product 823.14 818.74 823.14 389.93 EUR Billion [+]
Gross Fixed Capital Formation 147.79 146.32 147.79 107.52 EUR Billion [+]
GDP per capita 45551.51 45253.60 45551.51 19624.75 USD [+]
GDP per capita PPP 44072.39 43784.15 44072.39 31287.07 USD [+]
GDP From Agriculture 5.46 4.95 6.59 3.20 EUR Billion [+]
GDP From Construction 36.77 28.79 38.35 14.47 EUR Billion [+]
GDP From Manufacturing 168.54 161.69 168.54 90.56 EUR Billion [+]
GDP From Public Administration 128.61 133.31 135.28 50.63 EUR Billion [+]
GDP From Services 119.30 106.81 119.30 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 4.00 -4.50 1970 - 2017 percent Quarterly




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.10 Jun/17
Turkey 2.10 Jun/17
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Netherlands 1.50 Jun/17
India 1.40 Jun/17
Canada 1.10 Jun/17
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Germany 0.60 Jun/17
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