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Gross domestic product (GDP) growth rate in Germany 2021

In 2019, Germany's real gross domestic product grew by around 0.6 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 2009 to 2021

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Source

Release date

October 2020

Region

Germany

Survey time period

2009 to 2019

Supplementary notes

According to the source, due to the high level of uncertainty in current global economic conditions, the IMF projections for these indicators are provided only through 2021.

* Estimate.

Values have been rounded.

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Statistics on "Economic Outlook Germany"

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