The German economy shrank 0.2 percent year-on-year in the second quarter of 2023, following a similar contraction in the previous three-month period. source: Federal Statistical Office

GDP Annual Growth Rate in Germany averaged 1.86 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 August of 2023.

GDP Annual 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. In the long-term, the Germany GDP Annual Growth Rate is projected to trend around 1.50 percent in 2024 and 1.70 percent in 2025, according to our econometric models.

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Germany GDP Annual Growth Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-28 08:00 AM YoY Flash Q2 -0.2% -0.2% -0.3% -0.6%
2023-08-25 06:00 AM YoY Final Q2 -0.2% -0.2% -0.2% -0.2%
2023-10-31 08:00 AM YoY Flash Q3 -0.2% -0.3%


Related Last Previous Unit Reference
GDP Growth Rate 0.00 -0.10 percent Jun 2023
GDP Annual Growth Rate -0.20 -0.20 percent Jun 2023
GDP Constant Prices 815.40 815.25 EUR Billion Jun 2023
Gross National Product 1070.70 1052.55 EUR Billion Jun 2023
Gross Fixed Capital Formation 166.59 165.97 EUR Billion Jun 2023
Full Year GDP Growth 1.80 2.60 percent Dec 2022
GDP from Services 156.16 144.82 EUR Billion Jun 2023
GDP from Public Administration 164.41 173.05 EUR Billion Jun 2023
GDP from Manufacturing 196.56 195.49 EUR Billion Jun 2023
GDP from Construction 58.84 48.67 EUR Billion Jun 2023
GDP from Agriculture 7.36 7.90 EUR Billion Jun 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
-0.20 -0.20 10.80 -10.60 1971 - 2023 percent Quarterly
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