The German economy expanded 2.9% in 2021, slightly above initial estimates of 2.8% and following a 4.6% fall in 2020 when the coronavirus pandemic hit the economies hard. source: Federal Statistical Office

Full Year GDP Growth in Germany averaged 1.23 percent from 1992 until 2021, reaching an all time high of 4.20 percent in 2010 and a record low of -5.70 percent in 2009. This page includes a chart with historical data for Germany Full Year GDP Growth. Germany Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Full Year GDP Growth in Germany is expected to reach 3.60 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany Full Year GDP Growth is projected to trend around 2.30 percent in 2023 and 2.70 percent in 2024, according to our econometric models.

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Germany Full Year GDP Growth



Related Last Previous Unit Reference
GDP Growth Rate 0.20 -0.30 percent Mar 2022
GDP Annual Growth Rate 3.80 1.80 percent Mar 2022
GDP 4223.12 3846.41 USD Billion Dec 2021

Germany Full Year GDP Growth
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
2.90 -4.60 4.20 -5.70 1992 - 2021 percent Yearly
Constant Prices 2015, NSA