In 2011, the economy remained healthy despite a deterioration of the debt crisis in the Eurozone. According to preliminary estimates from the Federal Statistics Institute (Destatis), GDP expanded 3.0% in 2011, which follows the already strong 3.7% increase recorded in 2010. The reading was in line with market expectations. The preliminary figure is still subject to revision and a more detailed data set for 2011, including fourth quarter results, will be published on 15 February. The healthy 2011 print was primarily the result of strong growth in domestic demand. While government consumption slowed somewhat to a 1.2% expansion in 2011 (2010: +1.7%), private consumption accelerated from a 0.6% increase in 2010 to a 1.5% expansion. In addition, fixed investment showed strong upward momentum and expanded 6.5% in 2011 (2010: +5.5%). Finally, exports of goods and services grew 8.2%, which represents a deceleration compared to the 13.7% increase recorded in 2010, while imports expanded 7.2%, also below the 11.7% expansion tallied in 2010.
Economic growth remains robust in 2011
January 11, 2012
Looking for forecasts related to GDP in Germany? Download a sample report now.
Germany Economic News
October 24, 2016
The Markit Flash Composite Purchasing Managers’ Index (PMI) rose from 52.8 in September to 55.1 in October.
October 10, 2016
The seasonally- and calendar-adjusted trade surplus increased from EUR 19.4 billion in July to EUR 22.2 billion in August, driven up by recovering exports.
October 7, 2016
In August, industrial production rose 2.5% from the previous month in seasonally-adjusted terms, in contrast to July’s large 1.6% drop, which had been the lowest reading in nearly two years.
September 29, 2016
Consumer prices in September rose 0.1% in a month-on-month comparison, according to preliminary data released by the Federal Statistics Office (Destatis) on 29 September.
September 28, 2016
Heading into October, the mood among German consumers weakened slightly but still stayed at a high level.