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

The German economy expanded a seasonally-adjusted 0.3 percent on quarter in the three months to March 2018, following a 0.6 percent growth in the previous period and missing market expectations of 0.4 percent, a preliminary estimate showed. It was the slowest pace of expansion since the third quarter of 2016, when growth was also 0.3 percent, due to weaker trade and a fall in government spending. GDP Growth Rate in Germany averaged 0.51 percent from 1970 until 2018, 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 Q1 GDP Growth Weakest in 1-1/2 Years


The German economy expanded a seasonally-adjusted 0.3 percent on quarter in the three months to March 2018, following a 0.6 percent growth in the previous period and missing market expectations of 0.4 percent, a preliminary estimate showed. It was the slowest pace of expansion since the third quarter of 2016, when growth was also 0.3 percent.

Still, it was the 15th consecutive quarter of growth, making this Germany's longest upswing since 1991. Positive contributions were made by domestic demand, driven by fixed capital formation, especially in construction but also in machinery and equipment. Also, households slightly increased their final consumption expenditure at the beginning of the year.

Government final consumption expenditure, however, decreased for the first time in just under five years and had a downward effect on economic growth. Also, according to provisional calculations, development of foreign trade was less dynamic because both exports and imports decreased on the previous quarter. 

Year-on-year, the economy expanded a calendar-adjusted 2.3 percent in the first quarter, easing from a 2.9 percent growth in the previous three-month period and missing market expectations of 2.4 percent. On an unadjusted basis, the GDP rose by 1.6 percent, also below market consensus of 1.8 percent.



Destatis l Rida | rida@tradingeconomics.com
5/15/2018 9:59:34 AM



Calendar GMT Actual Previous Consensus TEForecast
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 0.3% 0.6% 0.4% 0.4%
2018-05-24 06:00 AM GDP Growth Rate QoQ Final 0.6% 0.3% 0.3%
2018-08-14 06:00 AM GDP Growth Rate QoQ Flash 0.6%
2018-08-24 06:00 AM GDP Growth Rate QoQ Final


Germany GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.60 4.00 -4.50 percent [+]
GDP Annual Growth Rate 2.30 2.90 7.20 -6.80 percent [+]
GDP 3466.76 3363.60 3879.28 215.02 USD Billion [+]
GDP Constant Prices 739.90 737.70 739.90 507.76 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.60 4.00 -4.50 1970 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Dec/17
Netherlands 0.50 Mar/18
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
France 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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