Brandenburg Gate in Berlin, Germany

Germany Private consumption

Germany Private consumption

Private Consumption in Germany

Germany's economy recorded an average growth rate of 1.0% in private consumption over the decade leading to 2022. This is in line with the Euro Area's 1.0% average. In 2022, German private consumption growth was 3.9%. For more private consumption information, visit our dedicated page.

Germany Private consumption Chart

Note: This chart displays Private Consumption (annual variation in %) for Germany from 2014 to 2023.
Source: Federal Statistical Office, Germany.

Germany Private consumption Data

2018 2019 2020 2021 2022
Private Consumption (ann. var. %) 1.5 1.6 -5.9 1.5 3.9
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 private consumption projections for the next ten years from a panel of 30 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 private consumption forecast available for German private consumption.

Download one of our sample reports to visualize what a Consensus Forecast is and see our German private consumption projections.

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