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Germany GDP Annual Growth Rate
Last Release
Sep 30, 2024
Actual
-0.2
Units In
%
Previous
0
Frequency
Quarterly
Next Release
Nov 22, 2024
Time to Release
22 Days 6 Hours
Highest | Lowest | Average | Date Range | Source |
10.4 Jun 2021 | -11.3 Jun 2020 | 1.79 % | 1971-2024 | Federal Statistical Office |
The German economy - the fifth largest economy in the world and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Composition of the GDP on the expenditure side: household consumption (55 percent), gross capital formation (20 percent, of which 10 percent in construction, 6 percent in machinery and equipment and 4 percent in other products) and government expenditure (19 percent). Exports of goods and services account for 46 percent of GDP while imports account for 39 percent, adding 7 percent to total GDP.
Germany GDP Annual Growth Rate History
Last 12 readings