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.

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 October of 2025.

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.

Germany: Gross Domestic Product, billions of U.S. dollars: The latest value from 2024 is 4659.93 billion U.S. dollars, an increase from 4525.7 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for Germany from 1960 to 2024 is 1924.88 billion U.S. dollars. The minimum value, 84.62 billion U.S. dollars, was reached in 1960 while the maximum of 4659.93 billion U.S. dollars was recorded in 2024.

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.

Key information about Germany Nominal GDP

• Germany Nominal GDP reached 1,072.8 USD bn in Mar 2023, compared with 1,010.0 USD bn in the previous quarter.
• Nominal GDP in Germany is updated quarterly, available from Mar 1960 to Mar 2023, with an average number of 458.1 USD bn.
• The data reached an all-time high of 1,075.0 USD bn in Sep 2021 and a record low of 17.2 USD bn in Mar 1960.

CEIC converts quarterly Nominal GDP into USD. Statistisches Bundesamt provides Nominal GDP in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 1991 is sourced from the International Monetary Fund.


Related information about Germany Nominal GDP

• In the latest reports, Germany GDP contracted 0.5 % YoY in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 6.2 % in Mar 2023.
• Germany GDP Per Capita 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.

Germany: Gross Domestic Product, billions of 2015 U.S. dollars: The latest value from 2024 is 3683.6 billion U.S. dollars, a decline from 3692.4 billion U.S. dollars in 2023. In comparison, the world average is 528.3 billion U.S. dollars, based on data from 177 countries. Historically, the average for Germany from 1960 to 2024 is 2397.5 billion U.S. dollars. The minimum value, 917.5 billion U.S. dollars, was reached in 1960 while the maximum of 3702.2 billion U.S. dollars was recorded in 2022.

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.

Germany: GDP per capita, current U.S. dollars: The latest value from 2023 is 54343.23 U.S. dollars, an increase from 49686.12 U.S. dollars in 2022. In comparison, the world average is 19958.31 U.S. dollars, based on data from 185 countries. Historically, the average for Germany from 1960 to 2023 is 23100.33 U.S. dollars. The minimum value, 1162.12 U.S. dollars, was reached in 1960 while the maximum of 54343.23 U.S. dollars was recorded in 2023.

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 GDP Per Capita

• Germany Gross Domestic Product (GDP) per Capita reached 48,562.101 USD in Dec 2022, compared with 51,202.940 USD in Dec 2021.
• Germany GDP Per Capita data is updated yearly, available from Dec 1970 to Dec 2022, with an average number of 26,468.722 USD.
• The data reached an all-time high of 51,202.940 USD in Dec 2021 and a record low of 2,761.125 in Dec 1970.
• CEIC converts annual GDP per Capita into USD. Statistisches Bundesamt provides GDP per Capita in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. GDP per Capita prior to 1991 is sourced from the World Bank.

Related information about Germany GDP Per Capita data

• In the latest reports, Germany GDP contracted 0.520 % YoY in Mar 2023.
• Germany Nominal GDP reached 1,072.807 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 6.216 % in Mar 2023.
• Gross Savings Rate of Germany was measured at 29.596 % in Mar 2023.

The service sector continues to employ the largest share of workers in Germany, with around 72.3 percent of employees working in the sector in 2023. In recent years, the distribution of workers has slowly shifted away from the industry and agriculture sectors. Urbanization and the service economy Big cities continue to be the focal point for the service sector, which includes the fields of health, education, finance, telecommunications, and tourism. More than three-quarters of the German population live in urbanized areas, and this growing urbanization is helping the service sector to flourish. Subsequently, as fewer people live in rural areas, the agriculture sector continues to employ a smaller percentage of the workforce each year. A marker of industrialization Rising revenues from the IT services sector is likely to be another reason for the growing service sector and has increased business confidence in Germany. The gross domestic product of Germany has shown strong signs of recovery following a few years of fluctuation caused by the 2008 financial crisis.

Germany DE:(GDP) Gross Domestic Productper Capita: USD: 2015 Price data was reported at 43,032.142 USD in 2022. This records an increase from the previous number of 42,726.485 USD for 2021. Germany DE:(GDP) Gross Domestic Productper Capita: USD: 2015 Price data is updated yearly, averaging 31,790.867 USD from Dec 1970 (Median) to 2022, with 53 observations. The data reached an all-time high of 43,284.602 USD in 2019 and a record low of 17,894.297 USD in 1970. Germany DE:(GDP) Gross Domestic Productper Capita: USD: 2015 Price 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: Real. 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 constant 2015 U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

The Gross Domestic Product per capita in Germany was last recorded at 62829.80 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Germany, when adjusted by Purchasing Power Parity is equivalent to 354 percent of the world's average. This dataset provides the latest reported value for - Germany GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany DE: GDP: USD: Gross National Income per Capita: Atlas Method data was reported at 54,800.000 USD in 2023. This records an increase from the previous number of 53,800.000 USD for 2022. Germany DE: GDP: USD: Gross National Income per Capita: Atlas Method data is updated yearly, averaging 24,195.000 USD from Dec 1962 (Median) to 2023, with 62 observations. The data reached an all-time high of 54,800.000 USD in 2023 and a record low of 1,370.000 USD in 1962. Germany DE: GDP: USD: Gross National Income per Capita: Atlas Method 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: Nominal. GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.;World Bank national accounts data, and OECD National Accounts data files.;Weighted average;

The statistic shows a ranking of the 20 countries with the largest gross domestic product (GDP) at purchasing power parity in 2017. In 2017, Thailand ranked 20th with a PPP-adjusted GDP of about 1,240.05 billion U.S. dollars.

Germany: Household consumption, billion USD: The latest value from 2023 is 2259.53 billion U.S. dollars, an increase from 2084.3 billion U.S. dollars in 2022. In comparison, the world average is 363.59 billion U.S. dollars, based on data from 154 countries. Historically, the average for Germany from 1970 to 2023 is 1188.58 billion U.S. dollars. The minimum value, 119.94 billion U.S. dollars, was reached in 1970 while the maximum of 2259.53 billion U.S. dollars was recorded in 2023.

Graph and download economic data for Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Germany (CCUSMA02DEM618N) from Jan 1957 to Sep 2025 about Germany, exchange rate, currency, and rate.

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;