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.

Germany GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-22 07:00 AM GDP Growth Rate QoQ Final Q4 0% -0.2% 0% 0%
2019-05-15 06:00 AM GDP Growth Rate QoQ Flash Q1 0.4% 0% 0.4% 0.3%
2019-05-23 06:00 AM GDP Growth Rate QoQ Final Q1 0.4% 0% 0.4% 0.4%
2019-08-14 06:00 AM GDP Growth Rate QoQ Flash Q2 -0.1% 0.4% -0.1% -0.3%
2019-08-27 06:00 AM GDP Growth Rate QoQ Final Q2 0.4% -0.1% -0.1%
2019-11-14 07:00 AM GDP Growth Rate QoQ Flash Q3 0%
2019-11-22 07:00 AM GDP Growth Rate QoQ Final Q3 0%



German Economy Contracts in Q2

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 as exports fell more than imports. In addition, gross fixed capital formation in construction declined; while positive contributions came mostly from household consumption and government spending.

Year-on-year, the economy expanded by a calendar-adjusted 0.4 percent in the second quarter, following an upwardly revised 0.9 percent growth in the previous three-month period and beating forecasts of 0.1 percent. On an unadjusted basis, the economy stagnated, after a 0.8 percent advance in the first quarter.


Destatis | Rida Husna | rida@tradingeconomics.com
8/14/2019 7:43:17 AM



Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 0.40 4.00 -4.50 percent [+]
GDP Annual Growth Rate 0.40 0.90 7.20 -6.80 percent [+]
GDP 3996.76 3693.20 3996.76 215.02 USD Billion [+]
GDP Constant Prices 810.77 747.94 810.77 507.82 EUR Billion [+]
Gross National Product 879.53 870.37 879.53 389.85 EUR Billion [+]
Gross Fixed Capital Formation 155.89 154.13 155.89 107.51 EUR Billion [+]
GDP per capita 47501.80 46987.80 47501.80 19624.70 USD [+]
GDP per capita PPP 45959.40 45462.00 45959.40 31287.10 USD [+]
GDP From Agriculture 6.44 5.96 7.26 3.20 EUR Billion [+]
GDP From Construction 36.16 45.80 45.80 14.47 EUR Billion [+]
GDP From Manufacturing 172.51 171.76 181.79 90.56 EUR Billion [+]
GDP From Public Administration 143.55 145.45 145.45 50.63 EUR Billion [+]
GDP From Services 120.42 126.54 127.03 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.40 4.00 -4.50 1970 - 2019 percent Quarterly
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Country Last Previous
Indonesia 4.20 Jun/19
United States 2.10 Jun/19
China 1.60 Jun/19
India 1.40 Mar/19
Turkey 1.30 Mar/19
South Korea 1.10 Jun/19
Saudi Arabia 1.07 Dec/18
Switzerland 0.60 Mar/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Australia 0.40 Mar/19
Japan 0.40 Jun/19
Euro Area 0.20 Jun/19
France 0.20 Jun/19
Canada 0.10 Mar/19
Mexico 0.10 Jun/19
Italy 0.00 Jun/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
South Africa -3.20 Mar/19
Singapore -3.30 Jun/19


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