Brandenburg Gate in Berlin, Germany

Germany Retail

Germany Retail

Retail Sales in Germany

The German economy recorded an average growth rate of 2.0% in retail sales in the decade to 2022, above the 1.6% average for the Euro Area. In 2022, retail sales growth was -0.7%.

Germany Retail Chart

Note: This chart displays Retail Sales (ann. var. %) for Germany from 2014 to 2023.
Source: Federal Statistical Office, Germany.

Germany Retail Data

2018 2019 2020 2021 2022
Retail Sales (ann. var. %) 1.8 3.2 4.8 0.6 -0.7
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 retail projections for the next ten years from a panel of 6 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 retail forecast available for German retail.

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

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