The Gross Domestic Product (GDP) in Germany contracted 0.10 percent in the second 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.

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.

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.

The Gross Domestic Product (GDP) in Germany was worth 4659.93 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Germany represents 4.39 percent of the world economy. This dataset provides the latest reported value for - Germany GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

The Gross Domestic Product (GDP) in Germany expanded 0.40 percent in the second 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.

The Gross Domestic Product per capita in Germany was last recorded at 44108.70 US dollars in 2024. The GDP per Capita in Germany is equivalent to 349 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 (NGDPRSAXDCDEQ) from Q1 1991 to Q1 2025 about Germany, real, 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

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.

Germany’s GDP per capita stood at almost 54,989.76 U.S. dollars in 2024. Germany ranked among the top 20 countries worldwide with the highest GDP per capita in 2021 – Luxembourg, Ireland and Switzerland were ranked the top three nations. Rising annual income in Germany The average annual wage in Germany has increased by around 5,000 euros since 2000, reaching in excess of 39,000 euros in 2016. Germany had the tenth-highest average annual wage among selected European Union countries in 2017, ranking between France and the United Kingdom. Growing employment More than two thirds of the working population in Germany are employed in the service sector, which generated the greatest share of the country’s GDP in 2018. Unemployment in Germany soared to its highest level in decades in 2005, but the rate has since dropped to below 3.5 percent. The youth unemployment rate in Germany has more than halved since 2005 and currently stands around 6.5 percent.

GDP (current US$) in Germany was reported at 4659929336891 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Germany - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Investment as percent of GDP in Germany, March, 2025 The most recent value is 19.71 percent as of Q1 2025, a decline compared to the previous value of 20.88 percent. Historically, the average for Germany from Q1 1991 to Q1 2025 is 21.11 percent. The minimum of 16.39 percent was recorded in Q1 2005, while the maximum of 26.48 percent was reached in Q2 1992. | TheGlobalEconomy.com

Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.

Germany GDP Nowcast: swda: YoY: Contribution: Consumer Survey data was reported at 4.494 % in 12 May 2025. This records an increase from the previous number of 3.272 % for 05 May 2025. Germany GDP Nowcast: swda: YoY: Contribution: Consumer Survey data is updated weekly, averaging 4.428 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 6.349 % in 28 Mar 2022 and a record low of 2.100 % in 24 Mar 2025. Germany GDP Nowcast: swda: YoY: Contribution: Consumer Survey data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Germany – Table DE.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

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

This statistic shows a forecast of the gross domestic product (GDP) growth in the euro countries in 2025. In 2025, the gross domestic product in Germany is forecast to grow by 1.33 percent over the previous year.

Graph and download economic data for Gross Domestic Product (Euro/ECU Series) for Germany (CPMEURNSAB1GQDE) from Q1 1991 to Q1 2025 about Germany and GDP.

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.

Germany GDP Nowcast: swda: YoY: Next Quarter data was reported at 0.353 % in 12 May 2025. This records an increase from the previous number of -0.038 % for 05 May 2025. Germany GDP Nowcast: swda: YoY: Next Quarter data is updated weekly, averaging 0.281 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 11.504 % in 29 Mar 2021 and a record low of -10.675 % in 16 Mar 2020. Germany GDP Nowcast: swda: YoY: Next Quarter data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Germany – Table DE.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).