Germany's gross domestic product contracted by a seasonally-adjusted 0.1 percent on quarter in the three months to June 2019, following a 0.4 percent expansion in the previous period and matching market expectations, a preliminary estimate showed. Net external demand contributed negatively to the GDP, mainly due to a slump in exports, while fixed capital formation in construction also declined. GDP Growth Rate in Germany averaged 0.51 percent from 1970 until 2019, 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.
GDP Growth Rate in Germany is expected to be 0.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Germany to stand at 0.30 in 12 months time. In the long-term, the Germany GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.