16 Oct germany gdp growth 2018
Please be respectful when making a comment and adhere to our Community Guidelines. According to first calculations, that was an increase of roughly 562,000 on the previous year. Are you sure you want to delete this comment? Higher labour force participation and the immigration of foreign workers offset age-related demographic effects, as had been the case in the preceding years. Other publications on national accounts and a detailed quality report are available at Publications.
It's lower than the $53,129 enjoyed in the United States and less than the European Union overall at $36,593. Total price-adjusted gross value added rose 1.5% in 2018 on the previous year. Industry revenue of “repair of fabricated metal products and machinery“ in Denmark 2012-20... Industry revenue of »activities of collection agencies and credit bureaus« in Croatia 2011... Germany: Growth rate of the real gross domestic product (GDP) from 2009 to 2021 (compared to the previous year), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre.
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In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. Germany (DEU) , GDP growth (annual %) indicators data for years 2014 to 2018 WIESBADEN – According to first calculations of the Federal Statistical Office (Destatis), the price adjusted gross domestic product (GDP) was 1.5% higher in 2018 than in the previous year. However, the growth rates were markedly lower than in the preceding three years. In trade, transport, accommodation and food services, the growth in price adjusted gross value added was above average, too (+2.1%). Want to bookmark your favourite articles and stories to read or reference later? There was a larger increase in imports (+3.4%) over the same period. A longer-term view shows that German economic growth in 2018 exceeded the average growth rate of the last ten years (+1.2%). Download Historical Data Save as Image. Accessed October 16, 2020. https://www.statista.com/statistics/375203/gross-domestic-product-gdp-growth-rate-in-germany/, IMF.
What will happen to the global economy in the next 12 months? Cookies on this website are used exclusively to serve the technical provision and optimisation of the website. Gross fixed capital formation in construction grew by 3.0% and a particularly significant year-on-year increase was recorded for gross fixed capital formation in public civil engineering. In industry (excluding construction), which accounts for just over a quarter of the total economy, the relevant growth rate was below average (+1.0%) in 2018.
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Germany gdp growth rate for 2016 was 2.23%, a 0.49% increase from 2015. (billed annually). Gustav-Stresemann-Ring 11 For details, please see your browser’s Help section (by pressing F1). The German economy thus grew the ninth year in a row, although growth has lost momentum. Our journalists will try to respond by joining the threads when they can to create a true meeting of independent Premium. Please see our, Germany: Growth rate of the real gross domestic product (GDP) from 2009 to 2021, Gross domestic product (GDP) growth rate in Germany 2021, Distribution of gross domestic product (GDP) across economic sectors Germany 2019, Annual business confidence index for the industrial sector in EU 2008-2022, Annual business confidence index for the industrial sector Germany 2008-2022, Forecast: revenue automotive electric equipment manufacture Germany 2009-2020, Forecast: revenue electricity control apparatus manufacture Germany 2009-2020, Forecast: revenue soft drink manufacture Germany 2009-2020, Forecast: revenue fiber optic cable manufacture Germany 2011-2020, Forecast: revenue household appliance manufacture Germany 2009-2020, Annual business confidence index for the service sector Germany 2008-2022, Industry revenue of “travel agency activities“ in Germany 2012-2024, Forecast: revenue technical consulting Germany 2009-2020, Forecast: revenue business consulting Germany 2009-2020, Industry revenue of “tour operator activities“ in Germany 2012-2024, Forecast: revenue real estate agencies Germany 2009-2020, Annual business confidence index for the retail sector Germany 2008-2022, Forecast: revenue general food & beverage store retail Germany 2009-2020, Forecast: revenue car and light motor vehicle sales Germany 2009-2020, Forecast: revenue pharmacy retail Germany 2009-2020, Forecast: revenue mail order and internet retail Germany 2009-2020, Industry revenue of “retail sale of furniture, lighting equipment“ in Germany 2012-2024, Gross domestic product (GDP) growth rate in Samoa 2021, Gross domestic product (GDP) growth rate in Tanzania 2021, Gross domestic product (GDP) growth rate in North Macedonia 2021, Gross domestic product (GDP) growth rate in Lesotho 2021*, Gross domestic product (GDP) growth rate in Kyrgyz Republic 2021, Germany: sources of non-bank loans in 2014, Enterprises with internet access in Germany 2010-2019, Environmentally motivated actions taken in the preceding month in Germany in 2014, Importance of options during online checkout process in Germany in 2015, Germany's aerospace exports by country 2012, Industry revenue of “repair of fabricated metal products and machinery“ in Denmark 2012-2024, Industry revenue of »activities of collection agencies and credit bureaus« in Croatia 2011-2023, Export value of electricity measuring apparatus in the UK 2011 to 2017, Industry revenue of »manufacture of underwear« in Poland 2011-2023. Positive contributions to growth came mainly from domestic demand in 2018. Start your Independent Premium subscription today. On an annual average in 2018, the economic performance in Germany was achieved by 44.8 million persons in employment whose place of employment was in Germany. First GDP results on the fourth quarter of 2018 will be released by the Federal Statistical Office on 14 February 2019. According to first calculations of the Federal Statistical Office (Destatis), the price adjusted gross domestic product (GDP) was 1.5% higher in 2018 than in the previous year. The bank blames the bleaker picture on Donald Trump’s trade wars, monetary tightening in the US and high debt levels, making economies more vulnerable to higher interest rates.
German exports continued to increase on an annual average in 2018, though at a slower pace than in the previous years. This showed an annual decline of 4.7 per cent, the worst since the recession a decade ago.
For the first time in five years, short-term economic growth in industry was lower than in the services sector. Chart.
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