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Annual DAX performance 1996-2020

At the close of 2020, the DAX (Deutscher Aktienindex) closed at 13,718.78 points. This is the highest closing value of the 21st century, despite the economic effects of the global coronavirus (COVID-19) pandemic. Statista offers a dedicated, freely accessible website with information on COVID-19 around the world.

What is the DAX index?

The DAX is the most important stock index in Germany. It was introduced on July 1, 1988 and is a continuation of the Börsen-Zeitung Index, established in 1959. The DAX index is comprised of 30 largest and most liquid German companies such as Deutsche Bank, Allianz or Bayer. These companies are traded on the Frankfurt Stock Exchange, which is the oldest exchange worldwide. The index can be viewed as a snapshot of the investment climate in Germany.

What is not included in the DAX?

Most notably, the DAX, like most indices, is not adjusted for inflation. While inflation has been relatively low in recent years, it might be useful to adjust the historic figures on the index when comparing historic data to current levels. This is particularly important for years when the index appears to increase by a few percentage points, because inflation may have increased at a more rapid rate than the stock prices.

Annual development of DAX index from 1996 to 2020

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Release date

January 2021



Survey time period

1996 to 2020

Supplementary notes

Year-end closing values.

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