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gdp germany 2019

On the other hand, industry (not including construction) saw an economic slump. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The above and other current national accounting results are available in the GENESIS-Online database (81000). Germany is thus among the leading five countries in the world GDP ranking. In, Statistisches Bundesamt. Please contact us to get started with full access to dossiers, forecasts, studies and international data. New, Everything you need to know about the industry development, Find studies from all around the internet. According to provisional calculations, general government budgets achieved a surplus in 2019 for the eighth time in a row. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. February 25, 2019. The detailed results for the fourth quarter of 2019 will still be released in accordance with previous practice, that is, after about 45 days after the end of the quarter. WIESBADEN - According to first calculations of the Federal Statistical Office (Destatis), the price-adjusted gross domestic product (GDP) was 0.6% higher in 2019 than in the previous year. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Label. On the production side of the GDP, there were two different economic trends in 2019. However, growth lost momentum in 2019. Direct access to our calendar releases and historical data. Total price-adjusted gross capital formation, which covers gross fixed capital formation and changes in inventories (including acquisitions less disposals of valuables), fell by 1.7% in 2019 year on year. Sharp drops were however recorded in many parts of industry. Gross fixed capital formation in construction was up a price-adjusted 3.8% on a year earlier. The German economy thus has grown for the tenth year in a row. and over 1 Mio. General government achieved marked surplus again. Central government accounted for the largest share of the surplus (19.2 billion euros), followed by state government (13.3 billion euros), social security funds (10.7 billion euros) and local government (6.6 billion euros). Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. Then you will be able to mark statistics as favourites and use personal statistics alerts. In 2019, Germany's gross domestic product (GDP) amounted to 3,435.76 billion euros. This has been the longest period of growth in united Germany. There were above-average increases also in the service sector, that is, in information and communication and in financial and insurance activities (+2.9% each). According to first calculations, 45.3 million people were in employment, that is roughly 400,000 more than in 2018. This means that a first official assessment of the development of the quarterly GDP for Germany will be available two weeks earlier than in the past. Other publications on national accounts and a detailed quality report can be found at Publications. Gustav-Stresemann-Ring 11 Detailed information can be found in our data privacy statement: Privacy Policy, Final consumption expenditure of  households and, G r o s s   d o m e s t i c   p r o d u c t   (GDP), Final consumption expenditure of households and, Contributions to growth of price-adjusted GDP in percentage points, Balance of exports and imports (net exports). +49 (0) 611/75 26 26, Statistisches Bundesamt Consequently, total price-adjusted gross value added rose by just 0.5% in 2019 on the previous year. This means that the increase in household and government final consumption expenditure was larger than in the previous two years (household final consumption expenditure +1.3% year on year both in 2017 and in 2018; government final consumption expenditure +2.4% in 2017 and +1.4% in 2018, year on year). Detailed documents relating to the press conference are available here (only in german). The highest growth rate was recorded by the construction industry (+4.0%). Corporate solution including all features. Germany: Gross domestic product (GDP) from 2009 to 2019 (in billion euros) [Graph]. Gross fixed capital formation increased substantially, too. The economic performance in Germany on an annual average in 2019 was achieved for the first time by more than 45 million persons in employment whose place of employment was in Germany. Starting with the second quarter of 2020, the Federal Statistical Office will release results of the GDP early estimate as early as 30 days after the end of any quarter. Contributions to growth came mainly from consumption expenditure. Compared with the average of the last ten years (+1.3%), the German economic growth in 2019 was lower. German exports continued to increase on an annual average in 2019, though at a slower pace than in the previous years. Ze Germans are living large (February 25, 2019). "Germany: Gross Domestic Product (Gdp) from 2009 to 2019 (in Billion Euros). In price-adjusted terms, German exports of goods and services were up 0.9% on 2018. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: COVID-19 deaths worldwide as of November 16, 2020, by country, COVID-19 cases worldwide as of November 16, 2020, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Nov. 16, 2020, New cases of COVID-19 worldwide from January 23 to November 15, 2020, by day. Quarterly GDP results will be available earlier. New, Figures and insights about the advertising and media world, Industry Outlook In calendar-adjusted terms, the GDP growth rate in 2019 was 0.6%, too, as the number of working days was the same as in 2018. Profit from additional features by authenticating your Admin account. Please authenticate by going to "My account" → "Administration". Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Reasons for the marked reduction of inventories are low industrial output and higher exports. Especially the low output in the automotive industry contributed to the decrease. Statistisches Bundesamt. On the one hand, the service sector and the construction industry recorded mainly high growth rates. In the previous two years, the price-adjusted GDP grew much more strongly (by 2.5% in 2017 and by 1.5% in 2018). The increase in price-adjusted imports (+1.9%) was larger. 20.8 trillion euro capital stock on a gross basis at the end of 2019. (billed annually). It amounted to 49.8 billion euros, which was not quite as much as the record surplus of 62.4 billion euros in 2018. The nation is the world's fourth-largest economy following the United States, China, and Japan. Gross fixed capital formation in machinery and equipment, however, increased less strongly (+0.4%). First GDP results for the fourth quarter of 2019 will be published by the Federal Statistical Office on 14 February 2020. At the end of 2019, the replacement value of fixed assets a vailable for production in the national economy amounted to Euro 20.8 trillion.. This 0.9% increase was mainly due to a rise in employment subject to social insurance. The GDP value of Germany represents 3.17 percent of the world economy. The Trading Economics Application Programming Interface (API) provides direct access to our data. The Gross Domestic Product (GDP) in Germany was worth 3845.63 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Stocks in Europe Pare Losses to Close Mixed, Germany Wholesale Prices Decline for 9th Month, German Consumer Prices Fall for 2nd Month, German Investor Morale Weaker than Forecast, Germany Current Account Surplus Edges Up in September, Germany Industrial Output Rises for 5th Month, Germany Construction Sector Shrinks the Most since June, German Factory Orders Slow on Falling EA Demand, German Private Sector Activity Rises for 4th Month: PMI, New Zealand Producer Input Prices Rebound in Q3, API: US Crude Oil Inventories Rise More Than Expected, US Records International Capital Outflows in September. Are you interested in testing our corporate solutions? Growth in 2019 was mainly supported by consumption expenditure. This feature is limited to our corporate solutions. Germany GDP (Gross Domestic Product) was INT$3,735.39billion for 2019 in PPP … 65189 Wiesbaden, ©  Register in seconds and access exclusive features. Household final consumption expenditure rose by a price-adjusted 1.6% on the previous year, government final consumption expenditure by 2.5%. Update, Insights into the world's most important technology markets, Advertising & Media Outlook 1970-2019 Data | 2020-2022 Forecast | Historical | Chart | News. Publish your articles and forecasts in our website. In the previous two years, the price-adjusted GDP grew much more strongly (by 2.5% in 2017 and by 1.5% in 2018). Directly accessible data for 170 industries from 50 countries World Bank national accounts data, and OECD National Accounts data files. License: CC BY-4.0 Line Bar Map. Measured as a percentage of nominal GDP, this was a 1.5% surplus ratio of general government for 2019. Particularly strong increases were recorded for civil engineering and housing construction. Visualised updated results are also provided in our interactive national accounts dashboard (available only in German). facts. Chart. The German economy thus has grown for the tenth year in a row. Detailed results will be released on 25 February 2020. Higher labour force participation and the immigration of foreign workers more than offset age-related demographic effects and emigration from Germany, as had been the case in the preceding years. ", Statistisches Bundesamt, Germany: Gross domestic product (GDP) from 2009 to 2019 (in billion euros) Statista, https://www.statista.com/statistics/295444/germany-gross-domestic-product/ (last visited November 18, 2020), Germany: Gross domestic product (GDP) from 2009 to 2019, Median age of the population in Germany 1950-2050, GDP per capita in current prices of Germany 2024, Germany: Share in global GDP adjusted for PPP 2024, Share of economic sectors in gross domestic product in Germany 2019, Annual average unemployment figures for Germany 2004-2020, Employment by economic sector in Germany 2010-2020, National debt of Germany in relation to gross domestic product (GDP) 2024, Ratio of military expenditure to gross domestic product (GDP) in Germany 2019, Ratio of government expenditure to gross domestic product (GDP) in Germany 2024, Germany's budget balance in relation to GDP 2021, Total population of the DACH countries from 2008 to 2018, Life expectancy at birth in the DACH countries 2018, Gross domestic product of the DACH countries from 2010 to 2020, Gross domestic product (GDP) per capita in the DACH countries 2018, Inflation rate in the DACH countries 2020, Trade balance of goods in the DACH countries 2019, Countries with the largest gross domestic product at purchasing power parity 2017, Countries with the largest proportion of global gross domestic product (GDP) 2019, Unemployment rates in major industrial and emerging countries 2017, The 20 countries with the highest trade surplus in 2019, National debt of selected countries in relation to gross domestic product (GDP) 2018, Cumulative cases of COVID-19 worldwide from January 8 to November 15, 2020, by day, Germany: real economy debt change from 2007 to 2014, Assessment of possible economic damage in Germany due to Brexit as of 2017, Germany: sources of non-bank loans in 2014, Number of German residents Japan 2000-2018, Germany: export value of chemical materials and products from the UK 2012-2018, Connected cars: awareness and usage in Germany 2013, Social media use in Germany in 2015, by number of children in household, Internet user penetration in Germany in January 2015, by age group, Online customer satisfaction with the post-purchase experience in Germany in 2015, European patent applications from Germany 2005-2019, Perceived contribution of German immigrants to life in Great Britain (UK) in 2014, Internet usage via desktop or mobile computer in Germany 2003-2014, Germany: monthly consumer price index for communications in 2018, Annual average unemployment rate in Germany 2004-2020, Base metal clasps with locks: sales value in the United Kingdom (UK) 2008-2016, IT-consulting & implementation services market size in Norway 2016-2021, Manufacture of other products of wood revenue in Luxembourg 2010-2022, Wholesale trade: industrial products turnover in Portugal 2017, by sector products, Germany: Gross domestic product (GDP) from 2009 to 2019 (in billion euros), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, largest gross domestic product per capita. This has been the longest period of growth in united Germany. However, growth lost momentum in 2019. Statista. To compare GDP between countries, you must use purchasing power parity. Education Latest Trend Ranking; Education spending Indicator: 17 036 Tertiary US dollars/student 2015 Germany US dollars/student: Tertiary US dollars/student 2005-2015 Germany (red) Tertiary US dollars/student 2016 Germany (red) Mathematics performance (PISA) Indicator: 503 Boys Mean score 2018 Germany … Please do not hesitate to contact me. More detailed results are published in Fachserie 18 “National Accounts”, Series 1.1 “First Annual Results”.  Statistisches Bundesamt (Destatis) | 2020, Usage data on this website are processed only to the extent necessary and only for specific purposes. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Also Show. Gross fixed capital formation in other fixed assets (+2.7%), which include research and development, was also much higher than a year earlier. Accessed November 18, 2020. https://www.statista.com/statistics/295444/germany-gross-domestic-product/, Statistisches Bundesamt. $39 per month* You only have access to basic statistics. Phone:  GDP growth (annual %) - Germany. "Germany: Gross domestic product (GDP) from 2009 to 2019 (in billion euros)." Compared with the average of the last ten year Gross domestic product increased for the tenth year in a row, though with less momentum. Economic performance up in the service sector, but markedly down in industry. Germany (red) Exports % of GDP 2019 Germany (red) Find all indicators on Economy. Download historical data for 20 million indicators using your browser. Learn more about how Statista can support your business. GDP in Germany averaged 2014.81 USD Billion from 1970 until 2019, reaching an all time high of 3949.55 USD Billion in 2018 and a record low … Cookies on this website are used exclusively to serve the technical provision and optimisation of the website.

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