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) 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.

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 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.

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.

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 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.

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 - 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 June 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.

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

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

GDP per capita growth (annual %) in Germany was reported at 0.35388 % in 2023, 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 June 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.

Germany GDP: Brandenburg data was reported at 97.540 EUR bn in 2024. This records an increase from the previous number of 96.433 EUR bn for 2023. Germany GDP: Brandenburg data is updated yearly, averaging 54.475 EUR bn from Dec 1991 (Median) to 2024, with 34 observations. The data reached an all-time high of 97.540 EUR bn in 2024 and a record low of 19.850 EUR bn in 1991. Germany GDP: Brandenburg data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.A052: ESA 2010: GDP: by Region.

Germany GDP: Berlin data was reported at 207.058 EUR bn in 2024. This records an increase from the previous number of 197.924 EUR bn for 2023. Germany GDP: Berlin data is updated yearly, averaging 98.741 EUR bn from Dec 1991 (Median) to 2024, with 34 observations. The data reached an all-time high of 207.058 EUR bn in 2024 and a record low of 68.403 EUR bn in 1991. Germany GDP: Berlin data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.A052: ESA 2010: GDP: by Region.

The Gross Domestic Product per capita in Germany was last recorded at 44336.78 US dollars in 2023. The GDP per Capita in Germany is equivalent to 351 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 Public Consumption: % of GDP

• Germany Public Consumption accounted for 23.4 % of its Nominal GDP in Dec 2024, compared with a share of 22.0 % in the previous quarter.
• Germany Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1991 to Dec 2024, with an average number of 19.4 %.
• The data reached an all-time high of 23.5 % in Jun 2020 and a record low of 17.4 % in Sep 2007.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Statistisches Bundesamt provides Government Consumption Expenditure in EUR and Nominal GDP in EUR.


Related information about Germany Public Consumption: % of GDP

• In the latest reports, Germany GDP contracted 0.5 % YoY in Mar 2023.
• Germany Nominal GDP reached 1,072.8 USD bn 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 21.2 % in Dec 2024.
• Private Consumption accounted for 53.0 % in Dec 2024.

GDP: West Germany excl Berlin data was reported at 3,619.935 EUR bn in 2024. This records an increase from the previous number of 3,518.812 EUR bn for 2023. GDP: West Germany excl Berlin data is updated yearly, averaging 2,140.880 EUR bn from Dec 1991 (Median) to 2024, with 34 observations. The data reached an all-time high of 3,619.935 EUR bn in 2024 and a record low of 1,414.140 EUR bn in 1991. GDP: West Germany excl Berlin data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.A052: ESA 2010: GDP: by Region.