The Gross Domestic Product (GDP) in Germany expanded 0.40 percent in the first quarter of 2025 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.

Full Year GDP Growth in Germany decreased by 0.20 percent in 2024 from -0.30 percent in 2023. This dataset includes a chart with historical data for Germany Full Year GDP Growth.

In the first quarter of 2025, Germany's gross domestic product (GDP) continued to increase compared to the previous quarter, with unadjusted figures showing around 1.1 trillion euros. Figures passed the one trillion mark at the end of 2022.

In 2018, Germany’s GDP peaked at around four billion U.S. dollars, the highest GDP the country has reported in decades. It is predicted to grow towards 5.57 billion by 2030. Germany has the fourth-largest GDP in the world, after the United States, China, and Japan. The national debt of Germany has steadily been falling since 2012 and is now about a quarter of the size of Japan’s and half that of the United States. Development of GDP per capita Gross domestic product per capita in Germany has been increasing since 2015 and experienced its last period of decline between the mid-nineties and early noughties. In 2001, GDP per capita was the lowest it had been since the early nineties, but more than doubled by the time of the financial crisis in 2008. GDP per capita fluctuated throughout the subsequent decade, before reaching around 48,000 U.S. dollars in 2018. Largest economic sectors The service sector generates the highest share of GDP in Germany at nearly 70 percent. Finance and telecommunications are a large part of the service sector, as well as tourism – including hospitality and accommodation. Roughly a quarter of GDP currently comes from the production industry, not including construction. Agriculture, fishing, and forestry make up less than one percent.

The Gross Domestic Product (GDP) in Germany stagnated 0 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset 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.

In 2024, the German economy shrunk by 0.2 percent. This was due to persistently high inflation that was triggered by the start of the Russia-Ukraine war in 2022. In 2025 and 2026, the economy is predicted to begin growing again.

Graph and download economic data for Nominal Gross Domestic Product for Germany (NGDPNSAXDCDEQ) from Q1 1991 to Q4 2024 about Germany and GDP.

In 2024, Germany's real gross domestic product fell by around 0.23 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.

Key information about Germany Nominal GDP Growth

• Germany Nominal GDP Growth was reported at 2.271 % in Dec 2024.
• This records a decrease from the previous number of 2.436 % for Sep 2024.
• Germany Nominal GDP Growth data is updated quarterly, averaging 4.567 % from Mar 1961 to Dec 2024, with 256 observations.
• The data reached an all-time high of 24.978 % in Jun 1991 and a record low of -8.152 % in Jun 2020.
• Germany Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Statistisches Bundesamt provides Nominal GDP in EUR. Nominal GDP Growth prior to Q1 1992 is sourced from the International Monetary Fund.

Graph and download economic data for Real Gross Domestic Product for Germany (NGDPRSAXDCDEQ) from Q1 1991 to Q4 2024 about Germany, real, and GDP.

The Gross Domestic Product per capita in Germany was last recorded at 44336.78 US dollars in 2023. The GDP per Capita in Germany is equivalent to 351 percent of the world's average. This dataset provides the latest reported value for - Germany GDP per capita - 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 Real Gross Domestic Product for Germany (CLVMNACSCAB1GQDE) from Q1 1991 to Q1 2025 about Germany, real, and GDP.

In 2024, the services sector's share in Germany's gross domestic product amounted edged over 70 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 housing, 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.

Graph and download economic data for Gross Domestic Product Deflator for Germany (NGDPDSAIXDEQ) from Q1 1991 to Q1 2025 about Germany and GDP.

Graph and download economic data for Real Gross Domestic Product for Germany (NGDPRNSAXDCDEQ) from Q1 1991 to Q4 2024 about Germany, real, and GDP.

GDP from Agriculture in Germany decreased to 7.16 EUR Billion in the first quarter of 2025 from 7.28 EUR Billion in the fourth quarter of 2024. This dataset provides - Germany Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Manufacturing in Germany increased to 171.98 EUR Billion in the first quarter of 2025 from 170.31 EUR Billion in the fourth quarter of 2024. This dataset provides - Germany Gdp From Industrial Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product for Germany (CPMNACSCAB1GQDE) from Q1 1991 to Q1 2025 about Germany and GDP.

GDP, billion currency units in Germany, March, 2025 The most recent value is 1089.96 billion Euro as of Q1 2025, a decline compared to the previous value of 1101.42 billion Euro. Historically, the average for Germany from Q1 1991 to Q1 2025 is 667.95 billion Euro. The minimum of 376.23 billion Euro was recorded in Q1 1991, while the maximum of 1101.42 billion Euro was reached in Q4 2024. | TheGlobalEconomy.com

Germany recorded a Current Account surplus of 5.70 percent of the country's Gross Domestic Product in 2024. This dataset provides - Germany Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.