The decline in Germany's output last quarter, if calculated on an annual basis, would amount to 34.7%. For individual content and infographics in your Corporate Design, and over 1 Mio. This chart shows Germany's real GDP growth compared to the preceding quarter. Stocks in Europe Pare Losses to Close Mixed, Germany Wholesale Prices Decline for 9th Month, German Consumer Prices Fall for 2nd Month, German Investor Morale Weaker than Forecast, Germany Current Account Surplus Edges Up in September, Germany Industrial Output Rises for 5th Month, Germany Construction Sector Shrinks the Most since June, German Factory Orders Slow on Falling EA Demand, German Private Sector Activity Rises for 4th Month: PMI, Colombia Economy Contracts More than Estimated in Q3, Baltic Dry Index Little Changed on Tuesday, Colombia Economic Activity Shrinks at Softer Pace in September, French Bourse Closes at Over 8-Month High. 1970-2020 Data | 2021-2022 Forecast | Calendar | Historical. on two sectors: "Media and Technology", updated Germany's economy shrank 2.2 percent on quarter in the three months to March 2020, following a 0.1 percent fall in the previous period and entering a recession. Does Statista also create infographics in a customized design? internet, telecommunications and consumer electronics The Statista "Chart of the Day", made available Aggregates are based on constant 2010 U.S. dollars. Annual percentage growth rate of GDP at market prices based on constant local currency. Household consumption tumbled 10.9 percent (vs -2.5 percent in Q1) and fixed investment slumped 7.9 percent (vs -0.5 percent in Q1) led by investment in machinery and equipment (-19.6 percent vs -7.3 percent) and in construction (-4.2 percent vs 5.1 percent). Exports of goods and services account for 46 percent of GDP while imports for 39 percent, adding 7 percent to total GDP. and displayed without charge by all commercial and The Statista "Chart of the Day" currently focuses Germany gdp … Statista offers daily infographics about trending topics, covering:Economy & Finance, Politics & Society, Tech & Media, Health & Environment, Consumer, Sports and many more. New, Everything you need to know about the industry development, Find studies from all around the internet. Update, Insights into the world's most important technology markets, Advertising & Media Outlook 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). On a calendar-adjusted basis, the economy contracted 11.3 percent, also the steepest decline on record. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. daily and featuring the latest statistics from the media, The expansion was supported by a rebound in household consumption, strong fixed investment in machinery and equipment and a sharp increase in exports. This was the deepest quarterly GDP contraction on record, as efforts to contain the rapid spread of COVID-19 weighed on activity and demand. That's a steeper drop than the annualized 32.9% plunge in the U.S. economy … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. General government, however, raised its spending in efforts to support the economy amid the crisis. Germany is the fifth largest economy in the world and the largest within the Euro Area. Download historical data for 20 million indicators using your browser. proper attribution to Statista. Please check your download folder. Year-on-year, the economy shrank by 4.3 percent in the third quarter, easing from a record contraction of 11.3 percent in the previous period. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Quarterly gross domestic product (GDP) growth rate in China Q3 2018-Q3 2020, Forecast of the gross domestic product (GDP) growth in the euro countries 2021, GDP growth rate in European Union countries in 2019, Gross domestic product (GDP) growth rate in the United States 2021, Gross domestic product (GDP) growth rate in France 2021. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Germany is the second largest exporter in the world and exports account for more than one-third of national output. current data from the United States and around the please include a backlink to the respective infographic URL. sports and entertainment. under the Creative Commons License CC BY-ND 3.0, may be used The Countries That Prefer Roundabouts. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Direct access to our calendar releases and historical data. GDP Growth Rate in Germany averaged 0.47 percent from 1970 until 2020, reaching an all time high of 8.20 percent in the third quarter of 2020 and a record low of -9.80 percent in the second quarter of 2020. Research, storytelling, infographics & presentation design on any topic in your corporate design. When publishing one of these graphics, Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Directly accessible data for 170 industries from 50 countries GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Gross Domestic Product by Expenditure in Constant Prices: Private Final Consumption Expenditure for Germany Quarterly, Seasonally Adjusted National Currency Q1 1991 to Q2 2020 (Sep 15) Germany's gross domestic product shrank by 10.1 percent on quarter in the April-June period, the most on record and compared to market expectations of a 9.0 percent contraction, a preliminary estimate showed. industries; and "Economy and Society", which non-commercial websites. Use is, however, only permitted with Germany gdp growth rate for 2019 was 0.56%, a 0.96% decline from 2018. Meanwhile, Germany's government has revised upwards its 2020 GDP forecast. Germany was one of the first countries in Europe to start lifting lockdown measures, after the pandemic forced many non-essential businesses to close and people to stay at home for more than a month. Q3 2019 saw a small rise of 0.2 percent, but the latest initial estimates indicate zero growth for the end of the year. After shrinking by 0.1 percent in Q3 2018, the European economic powerhouse again dipped into the red in Q2 2019, recording quarter-on-quarter growth of -0.2 percent. Net trade also contributed negatively to the GDP, as exports and imports fell. Publish your articles and forecasts in our website. Overall, the Federal Statistical Office reports that GDP growth was 0.6 percent for the year (both price and seasonally adjusted).

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