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The Gross Domestic Product in Germany expanded 1.7% year-on-year in the second quarter of 2022, higher than preliminary estimates of a flat reading. It follows a 3.6% rise in the first three months of the year. source: Federal Statistical Office

GDP Annual Growth Rate in Germany averaged 1.88 percent from 1971 until 2022, reaching an all time high of 10.20 percent in the second quarter of 2021 and a record low of -10.50 percent in the second quarter of 2020. This page 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. Germany GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

GDP Annual Growth Rate in Germany is expected to be 0.20 percent by the end of this quarter, according to 王者荣耀电竞(江西)积分排榜 global macro models and analysts expectations. In the long-term, the Germany GDP Annual Growth Rate is projected to trend around 2.50 percent in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
GDP Growth Rate	0.10	0.80	percent	Jun 2022
GDP Annual Growth Rate	1.70	3.60	percent	Jun 2022
GDP Constant Prices	813.27	812.13	EUR Billion	Jun 2022
Gross National Product	990.31	980.29	EUR Billion	Jun 2022
Gross Fixed Capital Formation	166.96	169.22	EUR Billion	Jun 2022
Full Year GDP Growth	2.90	-4.60	percent	Dec 2021
GDP from Services	147.09	134.25	EUR Billion	Jun 2022
GDP from Public Administration	152.81	165.28	EUR Billion	Jun 2022
GDP from Manufacturing	180.46	172.13	EUR Billion	Jun 2022
GDP from Construction	52.06	41.37	EUR Billion	Jun 2022
GDP from Agriculture	12.15	9.17	EUR Billion	Jun 2022

Germany GDP Annual Growth Rate

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.