Germany's gross domestic product expanded 3.8 percent in Q1 of 2022, slightly above the flash data of a 3.7% expansion and marking the fastest yearly growth in three quarters. source: Federal Statistical Office

GDP Annual Growth Rate in Germany averaged 1.87 percent from 1971 until 2022, reaching an all time high of 10.40 percent in the second quarter of 2021 and a record low of -11.30 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 July of 2022.

GDP Annual Growth Rate in Germany is expected to be 1.10 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 2.50 percent in 2023, according to our econometric models.

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Germany GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 08:00 AM YoY Flash Q1 3.7% 1.8% 3.6% 3.1%
2022-05-25 06:00 AM YoY Final Q1 3.8% 1.8% 3.7% 3.7%
2022-07-29 08:00 AM YoY Flash Q2 1.1%


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 Constant Prices 805.04 803.45 EUR Billion Mar 2022
Gross National Product 961.52 951.55 EUR Billion Mar 2022
Gross Fixed Capital Formation 169.50 166.30 EUR Billion Mar 2022
Full Year GDP Growth 2.90 -4.60 percent Dec 2021
GDP From Services 130.62 139.71 EUR Billion Mar 2022
GDP From Public Administration 159.52 164.16 EUR Billion Mar 2022
GDP From Manufacturing 164.62 166.93 EUR Billion Mar 2022
GDP From Construction 43.21 57.79 EUR Billion Mar 2022
GDP From Agriculture 8.12 7.64 EUR Billion Mar 2022

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
3.80 1.80 10.40 -11.30 1971 - 2022 percent Quarterly
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