The data reached an all-time high of 5.9 % in Mar 2011 and a record low of -11.3 % in Jun 2020. For a few countries where the official exchange rate does not reflect the rate effectively … Jun 2020. Government spending was little-changed (0.2 percent vs 0.1 percent), while investment in construction increased considerably (4.1 percent vs 0.1 percent). We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Germany’s outlook for 2020 is barely better than its performance last year. The data reached an all-time high of 5.9 % in Mar 2011 and a record low of -11.3 % in Jun 2020. Germany's economy shrank 2.2 percent on quarter in the three months to March 2020, following a 0.1 percent fall in the previous period and entering a recession, a preliminary estimate showed. Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. United States (1,7) is present in both list of top ten GDP and GDP per capita ranking at nominal terms. Note: As a consequence of measures put in place by governments to reduce the spread of the Coronavirus (COVID-19), many statistical agencies are facing unprecedented collection, compilation and methodological challenges to develop indicators across a number of domains. Germany's economy shrank 2.2 percent on quarter in the three months to March 2020, following a 0.1 percent fall in the previous period and entering a recession. Composition of the GDP on the expenditure side: household consumption (55 percent), gross capital formation (20 percent, of which 10 percent in construction, 6 percent in machinery and equipment and 4 percent in other products) and government expenditure (19 percent). Year-on-year GDP growth for the OECD area was minus 10.9% in the second quarter of 2020, following growth of minus 0.9% in the previous quarter. Exports of goods and services account for 46 percent of GDP while imports account for 39 percent, adding 7 percent to total GDP. 1971-2020 Data | 2021-2022 Forecast | Historical. 4 %. Germany is the fifth largest economy in the world and the largest within the Euro Area. Download historical data for 20 million indicators using your browser. GDP at purchaser's prices 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. With more than 4.4 million known cases, the U.S. coronavirus infection rate of about 1.3% is more than six times what Germany's is. 1970 - 2020. 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. To address these challenges, the statistical community is developing guidance, both conceptual and practical, to help ensure the continued delivery of timely and reliable statistics. There are two main systems of common currency conversion: nominal and PPP. Publish your articles and forecasts in our website. Exports of goods and services account for 46 percent of GDP while imports account for 39 percent, adding 7 percent to total GDP. Germany's economy shrank by 9.7 percent on quarter in the April-June period, compared to a preliminary reading of a 10.1 percent plunge. In the United States, where many states introduced ‘stay-at-home’ measures late March,GDP contracted slightly less ((minus) 9.5%, compared with (minus) 1.3% in the previous quarter). Year-on-year GDP growth for the OECD area was minus 10.9% in the second quarter of 2020, following growth of minus 0.9% in the previous quarter. General government, however, raised its spending in efforts to support the economy amid the crisis. The German economy - the fifth largest economy in the world and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force.
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