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, 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.

Graph and download economic data for Real Gross Domestic Product for Germany (CLVMNACSCAB1GQDE) from Q1 1991 to Q4 2024 about Germany, real, and GDP.

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 2029. 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 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.

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.

In the second quarter of 2024, Germany's gross domestic product (GDP) continued to increase compared to the previous quarter (seasonally and calendar adjusted), at 1,070 billion euros. During the first pandemic lockdown in the third quarter of 2020, the GDP was at around 857.04 billion euros. The outbreak of the COVID-19 pandemic led to a recession in 2020.

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.

GDP from Agriculture in Germany decreased to 7.37 EUR Billion in the fourth quarter of 2024 from 7.44 EUR Billion in the third quarter of 2024. This dataset provides - Germany Gdp From Agriculture- 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 Q4 2024 about Germany and GDP.

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.

Graph and download economic data for Ratio of GNP to GDP for Germany (GNPGDPDEA156NUPN) from 1970 to 2010 about GNP, ratio, Germany, and GDP.

GDP from Public Administration in Germany increased to 174.06 EUR Billion in the fourth quarter of 2024 from 173.57 EUR Billion in the third quarter of 2024. This dataset provides - Germany Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP per capita is gross domestic product divided by midyear population. 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. Data are in current U.S. dollars.

Germany recorded a Government Debt to GDP of 62.90 percent of the country's Gross Domestic Product in 2023. This dataset provides the latest reported value for - Germany Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany DE: GDP: % of Manufacturing: Textiles and Clothing data was reported at 1.123 % in 2022. This records a decrease from the previous number of 1.123 % for 2021. Germany DE: GDP: % of Manufacturing: Textiles and Clothing data is updated yearly, averaging 1.448 % from Dec 1998 (Median) to 2022, with 25 observations. The data reached an all-time high of 2.510 % in 1998 and a record low of 1.123 % in 2022. Germany DE: GDP: % of Manufacturing: Textiles and Clothing 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: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Textiles and clothing correspond to ISIC divisions 17-19.;United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.;;

GDP, PPP (current international $) in Germany was reported at 5748576435719 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Germany - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

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

This statistic shows the value of imported commodities to Germany in 2022. In 2022, agricultural products worth 134.43 billion U.S. dollars were imported to Germany.

Germany - GDP and main components: Exports of goods and services was EUR359762.10 Million in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - GDP and main components: Exports of goods and services - last updated from the EUROSTAT on March of 2025. Historically, Germany - GDP and main components: Exports of goods and services reached a record high of EUR376206.10 Million in March of 2023 and a record low of EUR95865.70 Million in June of 1993.