Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
4.20 % on Dec 31, 2010
Lowest
−5.70 % on Dec 31, 2009
About Germany GDP growth
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.