Germany GDP Growth Rate

Last Release

Dec 31, 2024

Actual

-0.2

Units In

0.1

Frequency

Quarterly

Next Release

May 23, 2025

Time to Release

22 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
9 Sep 2020	-10 Jun 2020	0.45 %	1970-2024	Federal Statistical Office

Germany is the fifth largest economy in the world and the largest within the Euro Area. Germany is the second largest exporter in the world and exports account for more than one-third of national output. As such, the export of high added value products has been the main driver of growth in recent years. 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 for 39 percent, adding 7 percent to total GDP.

Latest Updates

Germany's economy grew by 0.2% in the first quarter of 2025, matching market expectations and recovering from a 0.2% contraction in the previous quarter, according to a preliminary estimate. The rebound was supported by easing inflation and lower borrowing costs, which helped boost domestic demand. Business and consumer confidence also improved, driven by optimism surrounding the successful conclusion of coalition talks and the formation of a stable government—factors that helped offset ongoing concerns over volatile U.S. tariff policies. However, on an annual basis, Europe's largest economy contracted by 0.2%, marking its seventh consecutive quarter of recession.