Top 105 countries gdp ranking projection 20102100 youtube. German momentum gives another lift to europes economic. Germany is a founding member of the european union and the eurozone in 2016, germany recorded the highest trade. Germanyas federal statistical office publishes gdp figures on an annual and quarterly basis.
Gdp indicators macroeconomic and financial market variables. Germany gdp growth gdp growth annual % the value for gdp growth annual % in germany was 1. That was the steepest contraction in the gdp since the global financial and economic crisis of 20082009, due to the coronavirus crisis. Though germany real gdp growth fluctuated substantially in recent years, it tended to increase through 1999 2018 period ending at 1. Oct 08, 2019 germany is a very interesting example, as the growth of passenger numbers almost perfectly matches the growth of gdp per capita. Jan 14, 2016 the central bank predicts german gdp will increase 1. Oct 23, 2019 in 2017, germany s gdp growth rate was 2. World economics makes available of worlds most comprehensive gdp database covering over countries with historical gdp ppp data from 18702018, building on the lifetimes work of angus maddison. Gross domestic product gdp is the standard measure of the value added created through the production of goods and services in a country during a certain period. Annual percentage growth rate of gdp at market prices based on constant local. Updated data, charts and expert forecasts on germany gdp. This preserves the same growth rates than for the previous national currency series. This article includes a lists of countries and dependent territories sorted by their real gross domestic product growth rate.
This page provides the latest reported value for germany gdp growth rate plus previous releases, historical high and low, shortterm. Agriculture is extremely productive, and germany is able to cover 90% of its nutritional needs with domestic production. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Please refer to the dataset gross domestic product gdp, 2019 archive to access longer time series based on the methodology prior to the 2019 benchmark revisions. Lists of economies by incremental gdp from 1980 to 2010 1980 1990 the european economic community, the united states and japan lead expansion. Gdp growth is a key driver of air travel demand simple flying. When measured on a per capita or per workingage person basis, real gdp growth in the u. German economy defied 2015 global slowdown as growth. Germany gdp 19702019 data 20202022 forecast historical. Download historical data for 20 million indicators using your browser.
In 2017, the country accounted for 28% of the euro area economy according to the imf. As the graph below shows, over the past 47 years this indicator reached a maximum value of 5. The table begins with the stock market crash of 1929 and goes through the subsequent great depression. For comparison, the world average in 2018 based on 162. Gdp is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any. The gross domestic product gdp in germany contracted 2. It has the largest national economy in europe, the fourthlargest by nominal gdp in the world, and fifth by gdp ppp.
Before the 2008 financial crisis, germany s growth was less. Germany gross domestic product at 2010 reference levels mrd eurodem. Gross domestic product gdp, us dollarscapita, 2018. The table below shows the change of priceadjusted gdp for germany, typically referred to as germanyas economic growth rate. The central bank predicts german gdp will increase 1. Annual percentage growth rate of gdp at market prices based on constant local currency.
Graph and download economic data for real gross domestic product for. Gross domestic product gdp is the broadest measure of economic activity and is a key indicator of economic health. Please note that oecd reference year from 2010 to 2015 changed on tuesday 3rd of december, 2019. Get access to historical data and projections for german economic growth. Germany gdp annual growth rate 19712020 data 20212022. Data on germany across agriculture,development,economy,education. Germany enjoyed its strongest growth spurt in 2010 since the country was reunified two decades ago just a year after suffering its worst recession since the second world war. The five largest contributors to global output contraction are argentina, saudi arabia, nigeria, the democratic republic of the congo, and venezuela. The statistic shows gross domestic product gdp in hungary from 1984 to 2019, with projections up until 2021.
Sdw provides features to access, find, compare, download and share the ecbs published statistical information. This rate is 99 tenths of one percent higher than the figure of 5. Gdp projections from consultancy pwc show how the us, uk and the west will fall far behind the new economic powers like china in gdp by 2050. German economy defied 2015 global slowdown as growth accelerated. Germany is the first of the worlds biggest developed nations to publish 2017 data. The table below presents the nations gdp for each year since 1929 compared to major economic events. Subscribe here thanks for watching the video and if you liked, leave a like and comment and subscribe to woraph channel.
Growth rate of the real gross domestic product gdp from 2009 to 2021 compared to the previous year. Gdp per capita since 1820 since 1820, the world economy experienced spectacular growth in output and income. Germany gdp per capita growth gdp per capita growth annual % the value for gdp per capita growth annual % in germany was 1. The imf publishes a range of time series data on imf lending, exchange rates and other economic and financial indicators. List of countries by gdp growth 19802010 wikipedia.
Gross domestic product gdp growth rate in kyrgyz republic 2024 germany. List of countries by real gdp growth rate wikipedia. In 2019, germanys gdp peaked at around four billion international dollars, the highest gdp the country has reported in. Gdp and spending gross domestic product gdp oecd data. The effect of skills is complementary to the quality of economic institutions. Germany gdp growth rate 19702020 data 20212022 forecast. Germany gross domestic product gdp growth rate 2021. Germany is a very interesting example, as the growth of passenger numbers almost perfectly matches the growth of gdp per capita.
Created by ana florina pirlea description countryprofile tags last updated 6282019 3. Hungary gross domestic product gdp 19842021 statista. The economy of germany is a highly developed social market economy. Germany economic forecast for germany the commission publishes a full set of macroeconomic forecasts for the eu and its member states in spring may and autumn november and publishes interim forecasts updating gdp and inflation figures in winter february and summer july. In 2010 agriculture, forestry, and mining accounted for only 0. The quarterly percent changes in gdp show the growth rate of the economy as a. It was the fastest growth rate for germany in the past two decades. In english only, for now adolescent fertility rate births per 1,000 women ages 1519. The statistics were compiled from the imf world economic outlook database with the vast majority of estimates corresponding to the 2018 calendar year. Value added in the agricultural sector as percent of gdp. As such, it also measures the income earned from that production, or the total amount spent on final goods and services less imports. It is calculated without making deductions for depreciation of fabricated assets or for.
Growth simulations reveal that the longrun rewards to educational quality are large but also require patience reprinted in eva baker, barry mcgaw and penelope peterson ed. Manuals, guides, and other material on statistical practices at the imf, in member countries, and of the statistical community at large are also available. Germany enjoys strongest economic growth since reunification. Germany gross domestic product gdp growth rate 2021 statista. Real gross domestic product for germany clvmnacscab1gqde.