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 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 expanded 0.20 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.

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, 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.

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 2023, the GDP of the United States increased by about *** percent compared to the previous year. This comes amid high inflation rates globally, and countries such as Argentina and Germany even experiencing economic decline. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator to measure the economic strength of a country.

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.

The gross domestic product (GDP) growth rate of all major economies included except China was negative in 2020 following the COVID-19 pandemic. Growth rates were positive again in 2021, but stagnated in some countries in 2023 amid high inflation rates. What does GDP measure? GDP is the sum of all consumption, investment, government spending, and net exports in an economy. As such, different things drive the growth of each of these countries. Germany benefits from a high value of net exports, also known as its trade balance. Drawbacks of GDP growth as a metric GDP measures growth, but it does not capture welfare gains correctly in many cases. For example, carbon dioxide emissions often go hand in hand with a growing GDP. These emissions are from industry, such as coal power plants, or consumption, such as driving cars, but GDP does not measure the damage from these activities. Also, national debt is not incorporated into GDP.

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.

GDP per capita growth (annual %) in Germany was reported at 0.22853 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Germany - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

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.

Germany - Real GDP growth rate was -0.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Real GDP growth rate - last updated from the EUROSTAT on August of 2025. Historically, Germany - Real GDP growth rate reached a record high of 4.20% in December of 2010 and a record low of -4.10% in December of 2020.

Germany Ref. Year = 2020: Gross Domestic Product (GDP): Volume data was reported at 3,684.410 EUR bn in 2026. This records an increase from the previous number of 3,641.827 EUR bn for 2025. Germany Ref. Year = 2020: Gross Domestic Product (GDP): Volume data is updated yearly, averaging 3,094.611 EUR bn from Dec 1991 (Median) to 2026, with 36 observations. The data reached an all-time high of 3,684.410 EUR bn in 2026 and a record low of 2,439.916 EUR bn in 1991. Germany Ref. Year = 2020: Gross Domestic Product (GDP): Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Germany – Table DE.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual.

This statistic shows the growth of the gross domestic product (GDP) in selected countries from 2019 to 2029. According to the forecast, the GDP of Germany will grow by **** percent in 2025.

Germany Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD data was reported at 4,500.683 USD bn in Dec 2026. This records an increase from the previous number of 4,487.589 USD bn for Sep 2026. Germany Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD data is updated quarterly, averaging 3,762.135 USD bn from Mar 1991 (Median) to Dec 2026, with 144 observations. The data reached an all-time high of 4,500.683 USD bn in Dec 2026 and a record low of 2,951.139 USD bn in Sep 1991. Germany Gross Domestic Product (GDP): Volume: 2021 Exchange Rates: USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Germany – Table DE.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Quarterly.

The statistic shows the growth rate of the real gross domestic product (GDP) in the United States from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, the growth of the real gross domestic product in the United States was around 2.8 percent compared to the previous year. See U.S. GDP per capita and the US GDP for more information. Real gross domestic product (GDP) of the United States The gross domestic product (GDP) of a country is a crucial economic indicator, representing the market value of the total goods and services produced and offered by a country within a year, thus serving as one of the indicators of a country’s economic state. The real GDP of a country is defined as its gross domestic product adjusted for inflation. An international comparison of economic growth rates has ranked the United States alongside other major global economic players such as China and Russia in terms of real GDP growth. With further growth expected during the course of the coming years, as consumer confidence continues to improve, experts predict that the worst is over for the United States economy. A glance at US real GDP figures reveals an overall increase in growth, with sporadic slips into decline; the last recorded decline took place in Q1 2011. All in all, the economy of the United States can be considered ‘well set’, with exports and imports showing positive results. Apart from this fact, the United States remains one of the world’s leading exporting countries, having been surpassed only by China and tailed by Germany. It is also ranked first among the top global importers. Despite this, recent surveys revealing Americans’ assessments of the U.S. economy have yielded less optimistic results. Interestingly enough, this consensus has been mutual across the social and environmental spectrum. On the other hand, GDP is often used as an indicator for the standard of living in a country – and most Americans seem quite happy with theirs.

Germany Ref. Year = 2020: GDP: Volume: Gross Capital Formation data was reported at 750.323 EUR bn in Dec 2026. This records an increase from the previous number of 746.383 EUR bn for Sep 2026. Germany Ref. Year = 2020: GDP: Volume: Gross Capital Formation data is updated quarterly, averaging 662.796 EUR bn from Mar 1991 (Median) to Dec 2026, with 144 observations. The data reached an all-time high of 803.308 EUR bn in Jun 2021 and a record low of 530.462 EUR bn in Jun 2009. Germany Ref. Year = 2020: GDP: Volume: Gross Capital Formation data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Germany – Table DE.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Quarterly.

Germany Ref. Year = 2020: GDP: Volume: Gross Capital Formation: GFCF: Housing data was reported at 205.039 EUR bn in Dec 2026. This records an increase from the previous number of 204.223 EUR bn for Sep 2026. Germany Ref. Year = 2020: GDP: Volume: Gross Capital Formation: GFCF: Housing data is updated quarterly, averaging 203.091 EUR bn from Mar 1991 (Median) to Dec 2026, with 144 observations. The data reached an all-time high of 240.504 EUR bn in Dec 2020 and a record low of 165.655 EUR bn in Sep 1991. Germany Ref. Year = 2020: GDP: Volume: Gross Capital Formation: GFCF: Housing data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Germany – Table DE.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Quarterly.