The Gross Domestic Product (GDP) in Germany contracted 0.20 percent in the fourth quarter of 2024 over the previous quarter. This dataset 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.

In 2023, the German economy shrunk by 0.3 percent. This was due to persistently high inflation that was triggered by the start of the Russia-Ukraine war in 2022. For 2024 and 2025, the economy is predicted to begin growing again.

For 2023, the Association of German Chambers of Commerce and Industry forecasts a shrink in the gross domestic product of 0.5 percent compared to 2022. Due to rising commodity and energy prices triggered by the Russia-Ukraine war, business expectations for 2022 are subdued. High inflation rates negatively affect consumer sentiment and influence the business situation of German companies. Two years earlier, in 2020, the corona pandemic and the lockdown caused economic output to collapse massively.

Germany DE: BOP: Current Account: Secondary Income: Net data was reported at -69.368 USD bn in 2023. This records an increase from the previous number of -70.983 USD bn for 2022. Germany DE: BOP: Current Account: Secondary Income: Net data is updated yearly, averaging -27.766 USD bn from Dec 1971 (Median) to 2023, with 53 observations. The data reached an all-time high of -2.663 USD bn in 1971 and a record low of -70.983 USD bn in 2022. Germany DE: BOP: Current Account: Secondary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files.;;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

In 2023, Germany's real gross domestic product fell by around 0.26 percent compared to the previous year. Keeping it real Real gross domestic product is, by definition, a measure of the value of economic output adjusted for inflation. While nominal gross domestic product (GDP), often only referred to as gross domestic product, reflects the state of a country’s economy including everything produced by the inhabitants within the country, real GDP is a more precise measurement of economic growth since it takes price change into account. Germany’s race to the topGermany’s social market economy is one of the largest worldwide and continues to thrive. One of the strongest industries in Germany is car manufacturing: Several German vehicle manufacturers, like Daimler, Volkswagen, or BMW, are among the major global market players and have brought in billions of euros in revenue in the past years, fueling the economy for years to come.

Current Economic Situation Indicator: Germany: Good data was reported at 0.000 % in Feb 2025. This stayed constant from the previous number of 0.000 % for Jan 2025. Current Economic Situation Indicator: Germany: Good data is updated monthly, averaging 6.700 % from Dec 1991 (Median) to Feb 2025, with 399 observations. The data reached an all-time high of 95.700 % in Jan 2018 and a record low of 0.000 % in Feb 2025. Current Economic Situation Indicator: Germany: Good data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S001: Indicator of Economic Sentiment: ZEW.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Germany (DEUPFCEQDSMEI) from Q1 1970 to Q3 2023 about Germany, consumption expenditures, consumption, and private.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Germany (DEUGDPNQDSMEI) from Q1 1970 to Q3 2023 about Germany and GDP.

In 2023, the services sector's share in Germany's gross domestic product amounted to 69.6 percent, while the secondary and primary sectors generated less than a third of GDP together.

At your service

The tertiary, or services, sector encompasses all kinds of intangible goods, like consulting and advice, transport, or attention. If a country generates its GDP mostly via services, this is often through industries like tourism (including accommodation and hospitality), financial services, or telecommunications. Germany is a popular tourist destination and an important financial hub.

Germany is not a “service desert”

The services sector in Germany not only generates most of the country’s GDP, it also employs the vast majority of the workforce with over 70 percent. Lately, business confidence in the German services sector has increased significantly, which suggests a stable economy and ideally an increase in production and output in the future. This projection is supported by rising GDP and a stable inflation rate at around two percent.

GDP from Manufacturing in Germany decreased to 169.83 EUR Billion in the fourth quarter of 2024 from 170.87 EUR Billion in the third quarter of 2024. This dataset provides - Germany Gdp From Industrial Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Germany Current Economic Situation Indicator: USA data was reported at 42.600 % in Feb 2025. This records an increase from the previous number of 40.100 % for Jan 2025. Germany Current Economic Situation Indicator: USA data is updated monthly, averaging 29.400 % from Dec 1991 (Median) to Feb 2025, with 399 observations. The data reached an all-time high of 97.100 % in May 2000 and a record low of -97.400 % in Jan 2009. Germany Current Economic Situation Indicator: USA data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S001: Indicator of Economic Sentiment: ZEW.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Germany (DEUPFCEADSMEI) from 1970 to 2022 about Germany, consumption expenditures, consumption, and private.

Germany Current Economic Situation Indicator: China: Good data was reported at 0.800 % in Jan 2025. This records a decrease from the previous number of 2.100 % for Dec 2024. Germany Current Economic Situation Indicator: China: Good data is updated monthly, averaging 1.750 % from Apr 2021 (Median) to Jan 2025, with 46 observations. The data reached an all-time high of 66.100 % in Jun 2021 and a record low of 0.000 % in Oct 2024. Germany Current Economic Situation Indicator: China: Good data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S001: Indicator of Economic Sentiment: ZEW.

Germany: Economic freedom, overall index (0-100): The latest value from 2024 is 72 index points, a decline from 74 index points in 2023. In comparison, the world average is 59 index points, based on data from 174 countries. Historically, the average for Germany from 1995 to 2024 is 71 index points. The minimum value, 64 index points, was reached in 1998 while the maximum of 76 index points was recorded in 2022.

Germany Consumer Confidence Score: Current Local Economy: Positive Response data was reported at 14.273 Score in Jan 2023. This records an increase from the previous number of 11.014 Score for Dec 2022. Germany Consumer Confidence Score: Current Local Economy: Positive Response data is updated monthly, averaging 16.409 Score from Mar 2010 (Median) to Jan 2023, with 155 observations. The data reached an all-time high of 28.342 Score in Feb 2018 and a record low of 4.671 Score in Apr 2010. Germany Consumer Confidence Score: Current Local Economy: Positive Response data remains active status in CEIC and is reported by Ipsos Group S.A.. The data is categorized under Global Database’s Germany – Table DE.IPSOS: Consumer Confidence Survey.

Graph and download economic data for Infra-Annual Labor Statistics: Employment: Economic Activity: Manufacturing: Total for Germany (LFEAMNTTDEQ647S) from Q1 2005 to Q3 2024 about Germany, manufacturing, and employment.

Germany DE: BOP: Current Account: Trade in Services: % of GDP data was reported at 21.116 % in 2023. This records a decrease from the previous number of 21.654 % for 2022. Germany DE: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 9.286 % from Dec 1971 (Median) to 2023, with 53 observations. The data reached an all-time high of 21.654 % in 2022 and a record low of 4.914 % in 1973. Germany DE: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.;International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.;Weighted average;Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Germany Current Economic Situation Indicator: Euro Area: Bad data was reported at 53.800 % in Jan 2025. This records a decrease from the previous number of 55.600 % for Dec 2024. Germany Current Economic Situation Indicator: Euro Area: Bad data is updated monthly, averaging 31.400 % from Jan 1999 (Median) to Jan 2025, with 313 observations. The data reached an all-time high of 95.000 % in May 2020 and a record low of 0.000 % in Jan 2008. Germany Current Economic Situation Indicator: Euro Area: Bad data remains active status in CEIC and is reported by Leibniz Centre for European Economic Research. The data is categorized under Global Database’s Germany – Table DE.S001: Indicator of Economic Sentiment: ZEW.

ZEW Economic Sentiment Index in Germany increased to 51.60 points in March from 26 points in February of 2025. This dataset provides the latest reported value for - Germany Zew Economic Sentiment Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Total Current Account Balance for Germany (DISCONTINUED) (BPBLTT01DEQ637S) from Q1 1971 to Q1 2014 about current account, BOP, and Germany.