Germany's GDP growth was confirmed at a seasonally-adjusted 0.1 percent in the third quarter of 2019, compared to a 0.2 percent contraction in the previous three-month period. Private and public spending increased at a faster pace, investment in construction rebounded, and net external demand contributed positively to the GDP. GDP Growth Rate in Germany averaged 0.50 percent from 1970 until 2019, reaching an all time high of 4 percent in the second quarter of 1970 and a record low of -4.70 percent in the first quarter of 2009. source: Federal Statistical Office

GDP Growth Rate in Germany is expected to be 0.30 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 0.20 in 12 months time. In the long-term, the Germany GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.

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Germany GDP Growth Rate
Calendar GMT Actual Previous Consensus TEForecast
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 -0.1% 0.4% -0.1% -0.1%
2019-11-14 07:00 AM GDP Growth Rate QoQ Flash Q3 0.1% -0.2% -0.1% -0.2%
2019-11-22 07:00 AM GDP Growth Rate QoQ Final Q3 0.1% -0.2% 0.1% 0.1%
2020-02-14 07:00 AM GDP Growth Rate QoQ Flash Q4 0.1% 0.3%
2020-02-25 07:00 AM GDP Growth Rate QoQ Final Q4 0.1% 0.3%
2020-05-15 06:00 AM GDP Growth Rate QoQ Flash Q1 0.2%



German Q3 GDP Rebound Confirmed

Germany's GDP growth was confirmed at a seasonally-adjusted 0.1 percent in the third quarter of 2019, compared to a 0.2 percent contraction in the previous three-month period.

Positive contributions to the GDP growth came from foreign trade (0.5 percentage points) and consumption expenditure (0.4 percentage points). Meanwhile, gross capital formation subtracted 0.8 percentage points to the GDP, led by a negative contribution of 0.7 percentage points from inventory changes, while gross fixed capital formation was neutral.

Exports of goods and services jumped 1.0 percent in the third quarter (vs -1.3 percent in Q2), while imports edged up 0.1 percent (vs -0.1 percent in Q2).

In addition, household consumption growth accelerated in the three months to September (0.4 percent vs 0.1 percent), as well as government spending (0.8 percent vs 0.6 percent); while fixed investment continued to decline (-0.1 percent vs -0.3 percent) due to a fall in machinery and equipment investment (-2.6 percent vs 0.3 percent). At the same time, there was an advance in investment in both construction (1.2 percent vs -1.1 percent) and other products, including expenditure on research and development (1.0 percent vs 0.9 percent). 

Year-on-year, the economy grew a calendar-adjusted 0.5 percent in the September quarter, after a 0.3 percent advance in the previous three-month period. On an unadjusted basis, the economy expanded by 1.0 percent, recovering from a 0.1 percent contraction in the second quarter.


Destatis | Rida Husna | rida@tradingeconomics.com
11/22/2019 12:00:03 PM



Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 -0.20 4.00 -4.70 percent [+]
GDP Annual Growth Rate 0.50 0.30 7.20 -6.90 percent [+]
GDP 3996.76 3693.20 3996.76 215.02 USD Billion [+]
GDP Constant Prices 810.77 810.09 812.06 552.61 EUR Billion [+]
Gross National Product 886.27 879.36 886.27 390.99 EUR Billion [+]
Gross Fixed Capital Formation 171.47 171.64 172.08 119.05 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 7.11 7.13 7.43 3.62 EUR Billion [+]
GDP From Construction 45.66 42.04 45.66 14.52 EUR Billion [+]
GDP From Manufacturing 166.62 167.41 174.50 90.00 EUR Billion [+]
GDP From Public Administration 143.01 139.68 147.21 51.97 EUR Billion [+]
GDP From Services 127.41 127.46 127.46 53.44 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 December of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 -0.20 4.00 -4.70 1970 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 3.06 Sep/19 4.2
Singapore 2.10 Sep/19 -2.7
United States 2.10 Sep/19 2
China 1.50 Sep/19 1.6
India 1.00 Jun/19 1.3
Brazil 0.60 Sep/19 0.5
Australia 0.40 Sep/19 0.6
Japan 0.40 Sep/19 0.5
Netherlands 0.40 Sep/19 0.4
South Korea 0.40 Sep/19 1
Spain 0.40 Sep/19 0.4
Switzerland 0.40 Sep/19 0.3
Turkey 0.40 Sep/19 1
Canada 0.30 Sep/19 0.9
France 0.30 Sep/19 0.3
United Kingdom 0.30 Sep/19 -0.2
Euro Area 0.20 Sep/19 0.2
Russia 0.20 Jun/19 0.2
Germany 0.10 Sep/19 -0.2
Italy 0.10 Sep/19 0.1
Mexico 0.00 Sep/19 -0.1
Argentina -0.30 Jun/19 0
South Africa -0.60 Sep/19 3.2
Saudi Arabia -0.70 Jun/19 -1.9


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