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Gross domestic product (GDP) growth rate in Germany 2024
Gross domestic product (GDP) growth rate in Germany 2024
Germany: Growth rate of the real gross domestic product (GDP) from 2014 to 2024 (compared to the previous year)
by H. Plecher,
last edited
Aug 9, 2019
In 2018, Germany's real gross domestic product grew by around 1.45 percent compared to the previous year. By 2024, the German GDP is expected to increase by 1.16 percent compared to the previous year.
Keeping it real
Real gross domestic product is, by definition, a measure of the value of economic output adjusted for inflation. While nominal gross domestic product (GDP), often only referred to as gross domestic product, reflects the state of a country’s economy including everything produced by the inhabitants within the country, real GDP is a more precise measurement of economic growth since it takes price change into account.
Germany’s race to the top
Germany’s social market economy is one of the largest worldwide and continues to thrive. One of the strongest industries in Germany is car manufacturing: Several German vehicle manufacturers, like Daimler, Volkswagen, or BMW, are among the major global market players and have brought in billions of euros in revenue in the past years, fueling the economy for years to come.
Germany: Growth rate of the real gross domestic product (GDP) from 2014 to 2024 (compared to the previous year)
Loading statistic...
| GDP growth compared to previous year | |
|---|---|
| 2024* | 1.16% |
| 2023* | 1.3% |
| 2022* | 1.44% |
| 2021* | 1.5% |
| 2020* | 1.44% |
| 2019* | 0.75% |
| 2018 | 1.45% |
| 2017 | 2.46% |
| 2016 | 2.16% |
| 2015 | 1.48% |
| 2014 | 2.18% |
| GDP growth compared to previous year | |
|---|---|
| 2024* | 1.16% |
| 2023* | 1.3% |
| 2022* | 1.44% |
| 2021* | 1.5% |
| 2020* | 1.44% |
| 2019* | 0.75% |
| 2018 | 1.45% |
| 2017 | 2.46% |
| 2016 | 2.16% |
| 2015 | 1.48% |
| 2014 | 2.18% |
© Statista 2019
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Source: IMF
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by H. Plecher,
last edited
Aug 9, 2019
In 2018, Germany's real gross domestic product grew by around 1.45 percent compared to the previous year. By 2024, the German GDP is expected to increase by 1.16 percent compared to the previous year.
Keeping it real
Real gross domestic product is, by definition, a measure of the value of economic output adjusted for inflation. While nominal gross domestic product (GDP), often only referred to as gross domestic product, reflects the state of a country’s economy including everything produced by the inhabitants within the country, real GDP is a more precise measurement of economic growth since it takes price change into account.
Germany’s race to the top
Germany’s social market economy is one of the largest worldwide and continues to thrive. One of the strongest industries in Germany is car manufacturing: Several German vehicle manufacturers, like Daimler, Volkswagen, or BMW, are among the major global market players and have brought in billions of euros in revenue in the past years, fueling the economy for years to come.
- Source
- IMF
- Show further sources information
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- Show publisher information
- Release date
- April 2019
- Region
- Germany
- Survey time period
- 2014 to 2018
- Supplementary notes
-
* Estimate.
Values have been rounded.
Source
- Source
- IMF
- Show further sources information
- As a Premium user you get access to the detailed source references and background information about this statistic.
- Show publisher information
- Release date
- April 2019
More information
- Region
- Germany
- Survey time period
- 2014 to 2018
- Supplementary notes
-
* Estimate.
Values have been rounded.
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Statistics on "Economic Outlook Germany"
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- Germany: distribution of gross domestic product (GDP) across economic sectors from 2007 to 2017Distribution of gross domestic product (GDP) across economic sectors Germany 2017
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- Annual business confidence index for the industrial sector in the European Union from 2008 to 2022 (0 = neutral)Annual business confidence index for the industrial sector in EU 2008-2022
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- Revenue of soft drink manufacture (NACE Rev. 2 C1107) in Germany from 2009 to 2020 (in million U.S. dollars)Forecast: revenue soft drink manufacture Germany 2009-2020
- Revenue of fiber optic cable manufacture (NACE Rev. 2 C2731) in Germany from 2011 to 2020 (in million U.S. dollars)Forecast: revenue fiber optic cable manufacture Germany 2011-2020
- Revenue of household appliance manufacture (NACE Rev. 2 C2752) in Germany from 2009 to 2020 (in million U.S. dollars)Forecast: revenue household appliance manufacture Germany 2009-2020
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- Annual business confidence index for the service sector in Germany from 2008 to 2022 (0 = neutral)Annual business confidence index for the service sector Germany 2008-2022
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- Revenue of business consulting (NACE Rev. 2 M7022) in Germany from 2009 to 2020 (in million U.S. dollars)Forecast: revenue business consulting Germany 2009-2020
- Industry revenue of “tour operator activities“ in Germany from 2011 to 2023 (in billion U.S. Dollars)Industry revenue of “tour operator activities“ in Germany 2011-2023
- Revenue of real estate agencies (NACE Rev. 2 L6831) in Germany from 2009 to 2020 (in million U.S. dollars)Forecast: revenue real estate agencies Germany 2009-2020
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- Annual business confidence index for the retail sector in Germany from 2008 to 2022 (0 = neutral)Annual business confidence index for the retail sector Germany 2008-2022
- Revenue of general food & beverage store retail (NACE Rev. 2 G4711) in Germany from 2009 to 2020 (in million U.S. dollars)Forecast: revenue general food & beverage store retail Germany 2009-2020
- Revenue of car and light motor vehicle sales (NACE Rev. 2 G4511) in Germany from 2009 to 2020 (in million U.S. dollars)Forecast: revenue car and light motor vehicle sales Germany 2009-2020
- Revenue of pharmacy retail (NACE Rev. 2 G4773) in Germany from 2009 to 2020 (in million U.S. dollars)Forecast: revenue pharmacy retail Germany 2009-2020
- Revenue of mail order and internet retail (NACE Rev. 2 G4791) in Germany from 2009 to 2020 (in million U.S. dollars)Forecast: revenue mail order and internet retail Germany 2009-2020
- Industry revenue of “retail sale of furniture, lighting equipment“ in Germany from 2011 to 2023 (in billion U.S. Dollars)Industry revenue of “retail sale of furniture, lighting equipment“ in Germany 2011-2023
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Statistics on "Economic Outlook Germany"
- Annual gross domestic product (GDP) growth projections for the U.S., U.K., Germany and Western Europe from 2010 to 2023
- Germany: Gross domestic product (GDP) in current prices from 2014 to 2024 (in billion U.S. dollars)
- Germany: Growth rate of the real gross domestic product (GDP) from 2014 to 2024 (compared to the previous year)
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- Germany: Inflation rate from 2014 to 2024 (compared to the previous year)
- Annual business confidence index for the industrial sector in the European Union from 2008 to 2022 (0 = neutral)
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- Revenue of automotive electric equipment manufacture (NACE Rev. 2 C2931) in Germany from 2009 to 2020 (in million U.S. dollars)
- Revenue of electricity control apparatus manufacture (NACE Rev. 2 C2712) in Germany from 2009 to 2020 (in million U.S. dollars)
- Revenue of soft drink manufacture (NACE Rev. 2 C1107) in Germany from 2009 to 2020 (in million U.S. dollars)
- Revenue of fiber optic cable manufacture (NACE Rev. 2 C2731) in Germany from 2011 to 2020 (in million U.S. dollars)
- Revenue of household appliance manufacture (NACE Rev. 2 C2752) in Germany from 2009 to 2020 (in million U.S. dollars)
- Annual business confidence index for the service sector in Germany from 2008 to 2022 (0 = neutral)
- Industry revenue of “travel agency activities“ in Germany from 2011 to 2023 (in million U.S. Dollars)
- Revenue of technical consulting (NACE Rev. 2 M7112) in Germany from 2009 to 2020 (in million U.S. dollars)
- Revenue of business consulting (NACE Rev. 2 M7022) in Germany from 2009 to 2020 (in million U.S. dollars)
- Industry revenue of “tour operator activities“ in Germany from 2011 to 2023 (in billion U.S. Dollars)
- Revenue of real estate agencies (NACE Rev. 2 L6831) in Germany from 2009 to 2020 (in million U.S. dollars)
- Annual business confidence index for the retail sector in Germany from 2008 to 2022 (0 = neutral)
- Revenue of general food & beverage store retail (NACE Rev. 2 G4711) in Germany from 2009 to 2020 (in million U.S. dollars)
- Revenue of car and light motor vehicle sales (NACE Rev. 2 G4511) in Germany from 2009 to 2020 (in million U.S. dollars)
- Revenue of pharmacy retail (NACE Rev. 2 G4773) in Germany from 2009 to 2020 (in million U.S. dollars)
- Revenue of mail order and internet retail (NACE Rev. 2 G4791) in Germany from 2009 to 2020 (in million U.S. dollars)
- Industry revenue of “retail sale of furniture, lighting equipment“ in Germany from 2011 to 2023 (in billion U.S. Dollars)
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