GDP reading disappoints markets: Australia’s GDP increased 0.3% in seasonally adjusted quarter-on-quarter terms in Q1, following a 0.9% expansion in...
Economic Growth in Germany
Surging exports while globalization was at its peak in the mid-2010s propelled strong economic growth in 2014-17. However, in more recent years the economy has been weighed on by rising trade tensions, weak demographics, slow adaptation to emerging technologies, chronic underinvestment plus supply restraints in the wake of the pandemic and the Russia-Ukraine war. Germany's economy markedly underperformed the G7 average in 2021-24.
In the year 2024, the economic growth in Germany was -0.23%, compared to 2.17% in 2014 and -0.26% in 2023. It averaged 1.03% over the last decade. For more GDP information, visit our dedicated page.
Germany GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Germany from 2014 to 2025.
Source: Macrobond.
Germany GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 3.9 | 1.8 | -0.9 | -0.5 | 0.2 |
| GDP (EUR bn) | 3,682 | 3,989 | 4,219 | 4,329 | 4,470 |
| Economic Growth (Nominal GDP, ann. var. %) | 6.7 | 8.3 | 5.8 | 2.6 | 3.3 |
Economic growth accelerates in the first quarter of 2026
GDP reading: According to a flash estimate, Germany's GDP grew 0.3% on a seasonally adjusted quarter-on-quarter basis in Q1, following 0.2% growth in the previous quarter and above market expectations. Q1's reading was the strongest since Q1 2025. On a year-on-year basis, GDP grew 0.5% in Q1, stable from the previous quarter's reading.
Drivers: The statistical office commented that private spending, government spending and exports all rose in Q1 from Q4, but didn’t provide a detailed breakdown of the data.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects German GDP projections for the next ten years from a panel of 62 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for German GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our German GDP projections.
Want to get access to the full dataset of German GDP forecasts? Send an email to info@focus-economics.com.
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