Key data points
Last release
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Observation period
Q1 2024
Next release
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Forecast
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Highest
10.80% on Jun 30, 2021
Lowest
−10.60% on Jun 30, 2020
About Germany GDP YoY
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.