The German economy contracted by 0.4% year-on-year in the third quarter of 2023, revised from a preliminary estimate of a 0.3% decline and following a 0.1% expansion in the previous three-month period. source: Federal Statistical Office

The Gross Domestic Product (GDP) in Germany contracted 0.40 percent in the third quarter of 2023 over the same quarter of the previous year. GDP Annual Growth Rate in Germany averaged 1.85 percent from 1971 until 2023, reaching an all time high of 10.80 percent in the second quarter of 2021 and a record low of -10.60 percent in the second quarter of 2020. This page provides the latest reported value for - Germany GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Germany GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2023.

The Gross Domestic Product (GDP) in Germany contracted 0.40 percent in the third quarter of 2023 over the same quarter of the previous year. GDP Annual Growth Rate in Germany is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany GDP Annual Growth Rate is projected to trend around 1.50 percent in 2024 and 1.20 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
Width
Height
 Preview

Germany GDP Annual Growth Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-10-30 09:00 AM YoY Flash Q3 -0.3% 0.0% -0.7% -0.7%
2023-11-24 07:00 AM YoY Final Q3 -0.4% 0.1% -0.3% -0.3%
2024-01-31 09:00 AM YoY Flash Q4 -0.4%


Related Last Previous Unit Reference
GDP Growth Rate -0.10 0.10 percent Sep 2023
GDP Annual Growth Rate -0.40 0.10 percent Sep 2023
GDP Constant Prices 816.09 816.92 EUR Billion Sep 2023
Gross National Product 1072.25 1067.95 EUR Billion Sep 2023
Gross Fixed Capital Formation 166.56 165.53 EUR Billion Sep 2023
Full Year GDP Growth 1.90 2.60 percent Dec 2022
GDP from Services 159.64 155.50 EUR Billion Sep 2023
GDP from Public Administration 172.53 163.89 EUR Billion Sep 2023
GDP from Manufacturing 190.73 196.66 EUR Billion Sep 2023
GDP from Construction 60.21 58.40 EUR Billion Sep 2023
GDP from Agriculture 8.13 7.39 EUR Billion Sep 2023

Germany GDP Annual Growth Rate
The German economy - the fifth largest economy in the world and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. 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 account for 39 percent, adding 7 percent to total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.10 10.80 -10.60 1971 - 2023 percent Quarterly
WDA