Germany's economy shrank by 0.2% year-on-year in the first quarter of 2024, the same as in the previous period and entering a technical recession. GDP Annual Growth Rate in Germany averaged 1.84 percent from 1971 until 2024, reaching an all time high of 10.80 percent in the second quarter of 2021 and a record low of -10.60 percent in the second quarter of 2020. source: Federal Statistical Office
The Gross Domestic Product (GDP) in Germany contracted 0.20 percent in the first quarter of 2024 over the same quarter of the previous year.
The Gross Domestic Product (GDP) in Germany contracted 0.20 percent in the first quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Germany is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Germany GDP Annual Growth Rate is projected to trend around 1.20 percent in 2025 and 1.60 percent in 2026, according to our econometric models.