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 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.

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 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 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.

Historical chart and dataset showing Germany gdp growth rate by year from 1961 to 2023.

Key information about Germany Real GDP Growth

• The Gross Domestic Product (GDP) in Germany contracted 0.5 % YoY in Mar 2023, following a growth of 0.8 % in the previous quarter.
• Real GDP Growth YoY data in Germany is updated quarterly, available from Mar 1992 to Mar 2023, with an average rate of 1.6 %.
• The data reached an all-time high of 10.2 % in Jun 2021 and a record low of -10.4 % in Jun 2020.

• In the latest reports, Nominal GDP of Germany reached 1,072.8 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Mar 2023.
• GDP Per Capita in Germany reached 48,562.1 USD in Dec 2022.
• Its Gross Savings Rate was measured at 29.6 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 24.9 % in Mar 2023.
• Public Consumption accounted for 20.5 % in Mar 2023.
• Private Consumption accounted for 49.9 % in Mar 2023.

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 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.

Germany DE: GDP: Growth data was reported at -0.305 % in 2023. This records a decrease from the previous number of 1.806 % for 2022. Germany DE: GDP: Growth data is updated yearly, averaging 2.230 % from Dec 1961 (Median) to 2023, with 63 observations. The data reached an all-time high of 7.418 % in 1969 and a record low of -5.694 % in 2009. Germany DE: GDP: Growth 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: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2015 prices, expressed in U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

Historical chart and dataset showing Germany GDP by year from 1960 to 2023.

Economic growth, quarterly in Germany, March, 2025 The most recent value is 0.4 percent as of Q1 2025, an increase compared to the previous value of -0.2 percent. Historically, the average for Germany from Q2 1991 to Q1 2025 is 0.3 percent. The minimum of -8.9 percent was recorded in Q2 2020, while the maximum of 8.7 percent was reached in Q3 2020. | TheGlobalEconomy.com

Germany: Economic growth forecast: The latest value from 2030 is 0.69 percent, a decline from 0.95 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Germany from 1980 to 2030 is 1.47 percent. The minimum value, -5.55 percent, was reached in 2009 while the maximum of 5.72 percent was recorded in 1990.

The Gross Domestic Product (GDP) in Germany was worth 4525.70 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Germany represents 4.29 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 2022, Germany's gross domestic product (GDP) amounted to 3,867.05 billion euros. Germany is thus among the leading five countries in the world GDP ranking.

International standing

Germany’s economy is not only one of the largest worldwide, it is also the largest in Europe and predicted to be among the countries with the largest GDP by the year 2030. Additionally, Germany is among the 20 countries with the largest gross domestic product per capita, and it is one of the leading exporters and importers, only surpassed by China and the United States in both cases. Subsequently, it also reports one of the highest trade surpluses worldwide.

Employment

Germany’s national debt amounts to about 60 percent of GDP and is steadily decreasing. It also reports one of the lowest unemployment rates in the European Union. All signs seem to point to a very bright future for Germany’s economy. However, the country has been struggling with skilled labor shortages for a while and many companies are desperately looking for apprentices. This is partly due to very low population growth but also the rising unpopularity of apprenticeships.

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 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.

Since 1980, Europe's largest economies have consistently been France, Germany, Italy, Spain, and the United Kingdom, although the former Soviet Union's economy was the largest in the 1980s, and Russia's economy has been larger than Spain's since 2010. Since Soviet dissolution, Germany has always had the largest economy in Europe, while either France or the UK has had the second largest economy depending on the year. Italy's economy was of a relatively similar size to that of the UK and France until the mid-2000s when it started to diverge, resulting in a difference of approximately 800 billion U.S dollars by 2018. Russia's economy had overtaken both Italy and Spain's in 2012, but has fallen since 2014 due to the drop in international oil prices and the economic sanctions imposed for its annexation of Crimea - economic growth is expected to be comparatively low in Russia in the coming years due to the economic fallout of its invasion of Ukraine in 2022. In 2025, Germany, now the world's third-largest economy, was estimated at over *** trillion U.S. dollars.

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.

Growth fluctuations, like short-term cyclical fluctuations, can be measured by various indicators. In the 19th century, the economic situation was evaluated mainly on the grounds of easily observable data on prices. Current research, in contrast to this, measures the economic cycle principally by the national product, apart from other multivarious indicators. In modern business cycle research, this method is preferred because it comprises the overall economic activity of a country, whereas diffusion-related indices only regard parts of a national economy. This study by Carl-Ludwig Holtfrerich completes Walter G. Hoffmanns calculations on the origin of gross value added (cf. Hoffmann W. G., 1965: The Growth of the German Economy Since the Middle of the 19th Century. Berlin: Springer). The principal item of Hoffmanns study is the estimation by origin on the basis of sub-sectoral physical quantities of production and sub-sectoral employment figures. This estimation by origin results in the best data quality because the economic output of numerous sectors was recorded already from the middle of the 19th century on. Nevertheless, figures on the production of the tertiary sector are almost completely missing. In this respect, the calculation of the index of industrial production constitutes the main problem, and Hoffmann, among others, assumes that the relative sub-sectoral labour productivities had remained constant during the years 1850 and 1959. Moreover, Hoffmann utilises the added value structure of nine economical sectors in 1913 as a constant factor for the aggregation of sector indices for the production in the German economy. In contrast to that, Holtfrerich relies on a calculation method using a streamlined added value structure for each year in the entire period between 1850-1913 to determine the growth rates in the different sectors. Thereby, the author aims at aggregating information on the annual growth rate for the German national economy. It is remarkable that the growth rates of the German net domestic product thus calculated are higher than the rates found by Hoffmann. However, such differences have generally decreased in the years before 1913 because the weighting structures of both methods approached each other in the course of time. The named differences reached their maximum in the period of the so-called “take off” phase of the German industrialisation up to 1874; during this period, they accounted for up to 0.4 percentage points on an perennial average. Thereby the annual growth rates determined by Hoffmann have been corrected by up to 13% upwards.

Topics:

Tables in the ZA-Onlinedatabase HISTAT:

A. Selected tables by W.G. Hoffmann: The Growth of the German Economy Since the Middle of the 19th Century. Berlin (loc. cit.): Springer. - Hoffmann: Earned income per economic sector in Germany in relation to the price current (1850-1930) - Hoffmann: Distribution of the net national product, measured by factor costs and price current (1850-1913) - Hoffmann: Added value per economic sector in the prices of 1913 (1850-1913) - Hoffmann: Production per economic sector, index 1913=100 (1850-1913)

B. Tables from: Carl-Ludwig Holtfrerich, The German Net Domestic Product Compared to Factor Costs, index 1913=100, and annual growth factors (1850-1913) - Added value in Germany per economic sector in relation to the price current (1850-1913) - Net domestic product in relation to factor costs, index 1913=100, and annual growth factors of the net domestic product in relation to factor costs (1850-1913) - Comparison of the average growth rate (per year) for different periods (1850-1913)