Forecast: GDP development Germany 2025

In 2020 and 2021, the German economic development was shaped by the coronavirus (COVID-19) pandemic. In 2020, the first year of the pandemic, the gross domestic product decreased by 3.7 percent compared to the previous year. The German economy recovered somewhat in the following year, but the economic development fell short of expectations under the continued influence of the pandemic. For 2022, there was a growth of 1.8 percent. Due to the Russia-Ukraine war and persistently high inflation, the ifo Institute has revised its forecasts for economic growth downwards.

Year-on-year change of the gross domestic product (GDP) in Germany from 2007 to 2022, with a forecast until 2025

Characteristic	GDP development compared to previous year
2025¹	1.2%
2024¹	1.4%
2023¹	-0.4%
2022	1.8%
2021	2.6%
2020	-3.7%
2019	1.1%
2018	1%
2017	2.7%
2016	2.2%
2015	1.5%
2014	2.2%
2013	0.4%
2012	0.4%
2011	3.9%
2010	4.2%
2009	-5.7%
2008	1%
2007	3%

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Release date

September 2023

More information

Region

Germany

Survey time period

2007 to 2023

Special properties

As of June 2022; price, season and calendar adjusted

Supplementary notes

* Forecast.

Figures preceding 2022 were taken from reports by the Federal Statistics Office.

ifo is the Leibniz Institute for Economic Research at the University of Munich.

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