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

The German economy grew a seasonally-adjusted 0.6 percent on quarter in the three months to December of 2017, following a 0.7 percent expansion in the previous period and matching the preliminary estimate. Growth was mainly driven by foreign demand while household consumption and fixed investment were unchanged from the previous quarter. 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 Q4 GDP Growth Confirmed at 0.6%

The German economy expanded a seasonally-adjusted 0.6 percent on quarter in the three months to December of 2017, following a 0.7 percent growth in the previous period and matching the preliminary estimate.

The largest contribution to growth was from foreign demand at 0.5 percentage points, followed by general government at 0.1 percentage points; while other components were neutral.

Exports of goods and services rose 2.7 percent from the previous period (vs 1.8 percent in Q3), while imports went up at a slower 2.0 percent (vs 1.1 percent in Q3). In addition, government spending increased by 0.5 percent, the same pace as in the previous three-month period. On the other hand, household consumption was unchanged from the previous period, following a slight contraction of 0.2 percent in the third quarter, and gross fixed capital formation showed no growth, after a 1.9 percent jump. Investiment in machinery and equipment was up 0.7 percent on a quarter earlier, while gross fixed capital formation in construction declined by 0.4 percent. 

Year-on-year, the economy expanded a calendar-adjusted 2.9 percent, following a 2.7 percent growth in the previous period. It was the strongest pace of expansion since the third quarter of 2011, mainly due to a positive contribution from net trade, as exports jumped 5.6 percent (vs 4.9 percent in Q3) and imports rose at a softer 4.8 percent (vs 5.8 percent in Q3). Also, household consumption increased by 1.2 percent (vs 2 percent in Q3) and fixed investment was up by 3.3 percent (vs 3.4 percent in Q3), mainly boosted by investment in machinery and equipment (6 percent vs 4.5 percent in Q3) and construction (1.3 percent vs 2.8 percent in Q3). Government expenditure rose by 1.6 percent, the same pace as in the third quarter. Meantime, unadjusted data showed the economy advanced 2.3 percent on the year, following a 2.2 percent expansion in the previous period.

Considering 2017 as a whole, the GDP growth was confirmed at 2.5 percent on a calendar-adjusted basis (vs 1.9 percent in 2016) and at 2.2 percent on a price-adjusted basis (vs 1.9 percent in 2016).

Destatis l Rida Husna |
2/23/2018 10:07:05 AM

Calendar GMT Actual Previous Consensus TEForecast
2017-11-23 07:00 AM GDP Growth Rate QoQ Final 0.8% 0.6% 0.8% 0.8%
2018-02-14 07:00 AM GDP Growth Rate QoQ Flash 0.6% 0.7% 0.6% 0.5%
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 0.6% 0.5%
2018-05-24 06:00 AM GDP Growth Rate QoQ Final 0.6%
2018-08-14 06:00 AM GDP Growth Rate QoQ Flash 0.6%

Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 4.00 -4.50 percent [+]
GDP Annual Growth Rate 2.90 2.70 7.20 -6.80 percent [+]
GDP 3466.76 3363.60 3879.28 215.02 USD Billion [+]
GDP Constant Prices 737.70 733.25 737.70 507.76 EUR Billion [+]
Gross National Product 840.62 836.67 840.62 389.93 EUR Billion [+]
Gross Fixed Capital Formation 149.03 148.98 149.03 107.52 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 4.79 5.59 6.59 3.20 EUR Billion [+]
GDP From Construction 40.61 38.88 40.61 14.47 EUR Billion [+]
GDP From Manufacturing 168.23 171.76 171.76 90.56 EUR Billion [+]
GDP From Public Administration 140.80 133.76 140.80 50.63 EUR Billion [+]
GDP From Services 120.76 121.42 121.42 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 March of 2018.

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

GDP growth rate by Country
Country Last
United States 2.50 Dec/17
India 1.80 Dec/17
China 1.60 Dec/17
Turkey 1.20 Sep/17
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
France 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
Russia 0.10 Sep/17
South Korea -0.20 Dec/17
Indonesia -1.70 Dec/17