Gross domestic product (GDP) in Germany 2024

In 2018, Germany’s GDP peaked at around four billion U.S. dollars, the highest GDP the country has reported in decades. It is predicted to grow towards five billion by 2024. Germany has the fourth-largest GDP in the world, after the United States, China, and Japan. The national debt of Germany has steadily been falling since 2012 and is now about a quarter of the size of Japan’s and half that of the United States.

Development of GDP per capita

Gross domestic product per capita in Germany has been increasing since 2015 and experienced its last period of decline between the mid-nineties and early noughties. In 2001, GDP per capita was the lowest it had been since the early nineties, but more than doubled by the time of the financial crisis in 2008. GDP per capita fluctuated throughout the subsequent decade, before reaching around 48,000 U.S. dollars in 2018.

Largest economic sectors

The service sector generates the highest share of GDP in Germany at nearly 70 percent. Finance and telecommunications are a large part of the service sector, as well as tourism – including hospitality and accommodation. Roughly a quarter of GDP currently comes from the production industry, not including construction. Agriculture, fishing, and forestry make up less than one percent.

Germany: Gross domestic product (GDP) in current prices from 1984 to 2024

Gross domestic product in billion U.S. dollars
2024*4,675.33
2023*4,491.38
2022*4,322.59
2021*4,158.66
2020*3,982.24
2019*3,863.34
20183,951.34
20173,664.51
20163,468.19
20153,362.24
20143,890.1
20133,753.69
2012 3,545.95
2011 3,761.14
2010 3,423.47
2009 3,426.67
2008 3,770.15
2007 3,444.72
2006 3,004.95
2005 2,866.05
2004 2,822.21
2003 2,510.04
2002 2,085.57
2001 1,951.98
2000 1,955.28
1999 2,202.79
1998 2,246.31
1997 2,221.4
1996 2,504.54
1995 2,593.84
1994 2,210.83
1993 2,069.69
1992 2,127.85
1991 1,868.52
1990 1,592.59
1989 1,252.64
1988 1,261.83
1987 1,170.42
1986 940.55
1985 658.54
1984 649.43
Zoomable Statistic: Select the range in the chart you want to zoom in on.
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

October 2019

Region

Germany

Survey time period

1984 to 2018

Supplementary notes

* Estimate.

Figures have been rounded.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Single Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Economic Outlook Germany"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.