germany gdp growth 2020

This was the second consecutive decline after -0.1% in the last quarter of 2019, indicating a technical recession. Before it's here, it's on the Bloomberg Terminal. “Germany’s economy saw a slight recovery in growth in 4Q, according to the statistics office -- that’s consistent with our slightly above-consensus expectation for an expansion of 0.2% to be recorded. The data reached an all-time high of 5.9 % in Mar 2011 and a record low of -11.3 % in Jun 2020. As the world’s third-largest exporter, it acts as a bellwether for the global economy, which is widely estimated to have had its worst year since the Great Recession a decade ago. 018 of 15 January 2020. Germany’s economy made a slight recovery in the fourth quarter, ending a year in which manufacturing took a battering and the country was dragged to the brink of a recession. Federal Statistics Office Germany provides Real GDP Index at chain linked 2015 prices.In the latest reports, Nominal GDP of Germany reached 861.5 USD bn in Jun 2020. In January and February, the ailing manufacturing sector seemed to be bottoming out, hinting at a possible revival of growth. endobj GERMANY Germany’s real GDP contracted by 2.2% in the first quarter of 2020. 1 0 obj experienced negative growth rates in Germany, the Netherlands, and Turkey during 2019. Its Gross Savings Rate was measured at 24.9 % in Jun 2020. Pw | European Economic Outlook 2020 6 Manufacturing has contracted, i.e. endobj The data reached an all-time high of 5.9 % in Mar 2011 and a record low of -11.3 % in Jun 2020. <> Real GDP Growth YoY data in Germany is updated quarterly, available from Mar 1992 to Jun 2020, with an average rate of 1.6 %. The statistics office estimates that output registered a small increase in the final three months of 2019, a year that saw growth of just 0.6%. Leading indicators have turned up into 2020 and we see the worst as being over for for the German economy. Geopolitical uncertainty in the Middle East and continued risk of a disruptive Brexit will also weigh on sentiment and momentum. Economists see growth accelerating to only 0.7% this year. Germany’s outlook for 2020 is barely better than its performance last year. The Gross Domestic Product (GDP) in Germany contracted 11.3 % YoY in Jun 2020, following a negative growth of 2.2 % in the previous quarter. There is no data available for your selected dates. At the same time, private and government consumption as well as construction accelerated. For 2021, the government predicts GDP growth of 4.4%, significantly lower than the 5.2% predicted in its Spring forecast. The revision puts the 2020 GDP almost on par with the 5.7% GDP contraction in 2009, at the height of the financial crisis. CEIC calculates Real GDP Growth from quarterly Real GDP Index. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 841.92] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Its GDP deflator (implicit price deflator) increased 2.7 % in Jun 2020. Read the GERMANY COUNTRY PRIMER. They’ve been slowly edging back up toward positive territory recently on hopes that the economy is through the worst of the slump. Over the course of But the economy, and particularly its industrial heart, are far from out of trouble. Persistent weakness has fed calls for the government to ramp up fiscal stimulus. The U.S., by comparison, is forecast to expand more than twice that pace. Have a confidential tip for our reporters? x��\[�ܶ�~7���� ��[)Q��` _��zsN�=��f�yF�<3�������Ƌ.��t;�3-�"��b�W*��o�w�}���gY����7W�n��?�_\dO�=�~{��,J���Veef:ST:��*:��>���n>x���oPY��z���,3���(u��u[�:{�εy�K�]�C�:�M�� <> ;]�"���Տ|�����,��NȚS�$";)�,��OR�����}�{ �{����p����T�u�~%�����/�fY$��"����U)�uQѬ2�J�W��qYֶ,���+�n��Bu�o]���b�½�����Wp�\���rO���]���5���T�R����e�ֽ\�0-�:ro"��(~�u)ץ�����I�a�'HW-/�Ewa�=�� l�}Ǧf�,�QS{��j�����Z�@��T�7\7�,�}?����Y. <>>> Forecast: GDP PPP Per Capita (PPP Intl $), Total Trade of Goods & Services: % of Nominal GDP (%), GDP: DD: GCF: Changes in Inventories (EUR bn), GDP: DD: Final Consumption Expenditure (FCE) (EUR bn), GDP: DD: FCE: Households & NPISH (EUR bn), GDP: DD: Gross Capital Formation (GCF) (EUR bn), GDP: swda: DD: Gross Capital Formation (GCF) (EUR bn), GDP: swda: DD: Final Consumption Expenditure (FCE) (EUR bn), GDP: swda: DD: FCE: Households & NPISH (EUR bn), GDP: swda: DD: FCE: Government (Govt) (EUR bn), GVA: swda: Taxes less Subsidies on Products (EUR bn), GDP: swda: GVA: Agriculture, Forestry & Fishing (EUR bn), GDP: swda: GVA: Public Services, Education, Health (EUR bn), GDP: swda: Gross Value Added (GVA) (EUR bn), GDP: swda: GVA: Industry: ow Manufacturing (EUR bn), GDP: swda: GVA: Trade, Transportation, Accommodation (EUR bn), GDP: swda: GVA: Information & Communication (EUR bn), GDP: swda: GVA: Financial & Insurance Services (EUR bn), GDP: swda: GVA: Real Estate Activities (EUR bn), DE: GDP: Gross Value Added at Factor Cost: Agriculture (EUR mn), DE: GDP: Gross Value Added at Factor Cost (EUR mn), DE: GDP: External Balance of Goods and Services (EUR mn), DE: GDP: Gross Capital Formation (EUR mn), DE: GDP: Final Consumption Expenditure (EUR mn), DE: GDP: Gross Value Added at Factor Cost: Industry (EUR mn), DE: GDP: Gross Value Added at Factor Cost: Industry: Manufacturing (EUR mn), DE: GDP: Real: Gross Value Added at Factor Cost: Agriculture (EUR mn), DE: GDP: Real: Gross Value Added at Factor Cost: Industry (EUR mn), DE: GDP: 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Granted: Residential (RS) (Unit), Construction Cost: Estimated: Residential (RS) (EUR th), Construction Cost: Estimated: Non Residential (NR) (EUR th), Bldg Permits Granted: Non Residential (NR) (Unit), Building Permits Granted: swda: Residential Bldg (EUR bn), Building Permits Granted: swda: Non Residential Bldg (EUR bn), Construction Started: NB: Non Residential (NR) (Unit), Construction Started: NB: Dwellings: Germany (Unit), Construction Completion: Dwellings (Unit), Construction Completion: Non Residential (NR): Volume (Cub m th), Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (EUR bn), General Govt Debt: Foreign Creditors (EUR bn), Employment: swda: Domestic Concept (Person th), Labor Force: Population: Average: swda: Activity Rate (%), Employment: Mining and Mfg: Mining (Person th), Employment: Mining and Mfg: Energy (Person th), Employment: Mining and Mfg: Manufacturing (Person th), Registered Unemployment: Male (Person th), Registered Unemployment: Female (Person th), Registered Unemployment: Age: between 15 & 20 (Person th), Registered Unemployment: Seasonally Adjusted (sa) (Person th), GE: Wholesale & Retail Trade, Repair of Vehicles (WR) (EUR), GE: Financial & Insurance Activities (FI) (EUR), Motor Vehicle Sales: Commercial Cars (Unit), Motor Vehicle Sales: Passenger Cars (Unit), Consumer Confidence: Net Balance (% Point), Consumer Climate Survey: GfK: Consumer Climate Indicator (CCI) (NA), IES: Average Monthly Household Expenditure (AMHE) (EUR), CPI: Food and Non Alcoholic Beverage Change (%), Forecast: Consumer Price Index Growth (%), Harmonized Index of Consumer Price (HICP) (2015=100), Producer Price Index (PPP): 2015=100: swda: Commerical Products (2015=100), PPI: 2015=100: swda: Commerical Products excl Energy Source (2015=100), PPI: 2015=100: swda: Agricultural Products (2015=100), Export Price Index: 2015=100: swda (2015=100), Import Price Index: 2015=100: swda (2015=100), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Imports: SITC: Vehicles, Motorcycles & Bicycles (EUR th), Imports: SITC: Mineral Fuels & Oils, Bituminous Substances (EUR th), Imports: SITC: Pharmaceutical Products (EUR th), Imports: SITC: Machinery and Mechanical Appliances (EUR th), Imports: SITC: Electrical Machinery, TV Image and Sound Reproducing (EUR th), Exports: SITC: Pharmaceutical Products (EUR th), Exports: SITC: Plastics & Articles Thereof (EUR th), Exports: SITC: Machinery and Mechanical Appliances (EUR th), Exports: SITC: Electrical Machinery, TV Image and Sound Reproducing (EUR th), Exports: SITC: Vehicles, Motorcycles & Bicycles (EUR th), Exports: United States of America (EUR th), Imports: United States of America (EUR th), Foreign Portfolio Investment: Debt Securities (USD mn), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: % of GDP (%), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), Balance of Payments (BoP): Current Account (CA) (EUR mn), BoP: CA: Credit: Primary Income (PN) (EUR mn), BoP: CA: Debit: Primary Income (PN) (EUR mn), BoP: swda: Current Account: Primary Income: Credit (EUR mn), BoP: swda: Current Account: Primary Income: Debit (EUR mn), BoP: swda: Current Account: Secondary Income (EUR mn), BoP: swda: Current Account: Goods (EUR mn), BoP: swda: Current Account: Service (EUR mn), BoP: swda: Current Account: Service: Credit (EUR mn), BoP: swda: Current Account: Service: Debit (EUR mn), BoP: swda: Current Account: Primary Income (EUR mn), BoP: Financial Account (FA): Assets (EUR mn), BoP: Assets: FA: Other Investment (EUR mn), BoP: FA: Portfolio Investment (PI): Assets (EUR mn), Investment Outward: FI: ow Reserve Assets (EUR mn), BoP: FA: Portfolio Investment (PI) (EUR mn), BoP: Liabs: FA: Other Investment (EUR mn), BoP: Liabs: FA: Direct Investment (DI) (EUR mn), BoP: Assets: FA: Direct Investment (DI) (EUR mn), International 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Stay: Accommodation Establishments (AE) (Night), Business Confidence: Net Balance (% Point), Current Economic Situation Indicator: Germany: Balance (%), Economic Expectation Indicator: Germany (%), Insurance: Gross Written Premium (EUR mn), Market Cap: Frankfurt Stock Exchange: Domestic Shares (EUR mn), No of Listed Companies: All Exchanges (Unit), Liner Shipping Connectivity Index (2004=100), Exports: Telecommunication Equipment (USD th), Imports: Telecommunication Equipment (USD th), DE: Germany Airports: Passenger Traffic (Person), DE: Air Transport: Passengers Carried (Person), ESA 1995: GDP: by Expenditure: Chain Linked Index: 2000=100, ESA 1995: GDP: by Expenditure: Chain Linked Index: 2000=100: Annual, ESA 1995: GDP: by Expenditure: Chain Linked Index: 2000=100: Seasonally and Working Day Adjusted, ESA 1995: GDP: Gross Fixed Capital Formation: Chain Linked Index: 2000=100, ESA 1995: GDP: Gross Fixed Capital Formation: Chain Linked Index: 2000=100: Seasonally and Working Day 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Gross Domestic Product: Deflator and Volume Index: Annual, Gross Domestic Product: Deflator and Volume Index: Quarterly, Gross Domestic Product: Purchasing Power Parity.

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