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

The German economy expanded a seasonally-adjusted 0.8 percent on quarter in the September quarter of 2017, following a 0.6 percent growth in the previous period and beating market expectations of a 0.6 percent expansion, the preliminary estimate showed. Positive contributions mainly came from fixed investment and net trade while household consumption and government spending were stable. The July-September expansion marked a 13th consecutive quarter of growth. 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
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 Q3 GDP Growth Stronger than Estimated


The German economy expanded a seasonally-adjusted 0.8 percent on quarter in the September quarter of 2017, following a 0.6 percent growth in the previous period and beating market expectations of a 0.6 percent expansion, the preliminary estimate showed. Positive contributions mainly came from fixed investment and net trade while household consumption and government spending were stable.

The July-September expansion marked a 13th consecutive quarter of growth.

Compared to the June quarter, the balance of exports and imports had a positive effect on the GDP. In addition, an increase was seen for gross fixed capital formation, especially in machinery and equipment. Meantime, final consumption expenditure of both households remained rather stable at the previous quarter's level.

Year-on-year, the economy expanded a calendar-adjusted 2.8 percent, following an upwardly revised 2.3 percent growth in the previous period. It was the strongest pace of expansion since the first quarter of 2014. Meantime, unadjusted data showed the economy advanced 2.3 percent on the year, much faster than a 1.0 percent expansion in the previous period.

Destatis l Rida Husna | rida@tradingeconomics.com
11/14/2017 8:36:18 AM



Calendar GMT Actual Previous Consensus TEForecast
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 0.8% 0.6% 0.8% 0.5%
2017-11-23 07:00 AM GDP Growth Rate QoQ Final 0.6% 0.8% 0.8%


Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.60 4.00 -4.50 percent [+]
GDP Annual Growth Rate 2.80 2.30 7.20 -6.80 percent [+]
GDP 3466.76 3363.60 3879.28 215.02 USD Billion [+]
GDP Constant Prices 733.83 726.42 733.83 507.76 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.60 4.00 -4.50 1970 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.20 Sep/17