Germany's GDP changed from approximately $853B 705M in 1980 to $4T 591B in 2024, showing an overall 437.8% sharply increased during the period.
The lowest GDP was recorded in 1984 at $651B 900M, and the highest in 2024 at $4T 591B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.9%.
For comparison, the average annual growth rate of France was 3.5%, and that of United Kingdom was 4.1%.
Germany GDP from 1980 to 2024
The total market value of goods and services produced annually in Germany.
Overview of Germany's GDP (1980–2024)
The Gross Domestic Product (GDP) of Germany recorded a 437.8% sharply increased from 1980 to 2024.
The average GDP during this period was $2T 583B, and the median was $2T 501B.
GDP fluctuated within a range of $3T 939B, with a standard deviation of $1T 190B.
The average annual change was $87B 911M.
Highest and Lowest GDP Records
- Lowest GDP: 1984, $651B 900M
- Highest GDP: 2024, $4T 591B
- Most Recent GDP: 2024, $4T 591B
Notable Annual GDP Changes
- 2007: Significant increase in GDP
- 2015: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Germany's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $3T 889B → $3T 884B
- Outcome: remained stable
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $3T 425B → $3T 407B
- Outcome: remained stable
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $1T 948B → $1T 945B
- Outcome: remained stable
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $2T 214B → $2T 242B
- Outcome: increased
Key Economic Indicators of Germany (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 853B 705M | $ 11,109.74 | $ 11,130.82 | $ 855B 325M | 1.272 % | -1.782 % | 21.54 % | 0 % | 76M 843K people |
1981 | $ 718B 264M | $ 9,329.59 | $ 12,174.43 | $ 937B 281M | 0.11 % | -0.684 % | 20.16 % | 0 % | 76M 988K people |
1982 | $ 693B 547M | $ 9,014.98 | $ 12,834 | $ 987B 356M | -0.788 % | 0.866 % | 20.14 % | 0 % | 76M 933K people |
1983 | $ 691B 912M | $ 9,025.21 | $ 13,591.31 | $ 1T 41B | 1.555 % | 0.666 % | 21.09 % | 0 % | 76M 664K people |
1984 | $ 651B 900M | $ 8,537.76 | $ 14,538.53 | $ 1T 110B | 2.826 % | 1.423 % | 21.77 % | 0 % | 76M 355K people |
1985 | $ 661B 37M | $ 8,678.85 | $ 15,364.99 | $ 1T 170B | 2.192 % | 2.662 % | 22.13 % | 0 % | 76M 166K people |
1986 | $ 944B 124M | $ 12,387.01 | $ 16,042.20 | $ 1T 222B | 2.417 % | 4.024 % | 23.68 % | 0 % | 76M 219K people |
1987 | $ 1T 174B | $ 15,411.53 | $ 16,678.29 | $ 1T 271B | 1.469 % | 3.709 % | 22.89 % | 0 % | 76M 233K people |
1988 | $ 1T 266B | $ 16,514.65 | $ 17,803.04 | $ 1T 365B | 3.736 % | 4.317 % | 24.04 % | 0 % | 76M 697K people |
1989 | $ 1T 257B | $ 16,232.12 | $ 19,034.92 | $ 1T 474B | 3.913 % | 4.689 % | 25.35 % | 0 % | 77M 463K people |
1990 | $ 1T 598B | $ 20,249.14 | $ 20,484.73 | $ 1T 617B | 5.723 % | 3.131 % | 24.34 % | 0 % | 78M 949K people |
1991 | $ 1T 875B | $ 23,453.06 | $ 21,953.96 | $ 1T 755B | 5.011 % | -1.422 % | 24.35 % | -0.966 % | 79M 973K people |
1992 | $ 2T 136B | $ 26,538.13 | $ 22,735.63 | $ 1T 830B | 1.92 % | -1.183 % | 24.08 % | 0.009 % | 80M 500K people |
1993 | $ 2T 72B | $ 25,602.88 | $ 22,919.98 | $ 1T 855B | -0.977 % | -1.037 % | 22.90 % | -0.387 % | 80M 946K people |
1994 | $ 2T 209B | $ 27,233.72 | $ 23,911.73 | $ 1T 940B | 2.399 % | -1.5 % | 22.83 % | 0.36 % | 81M 147K people |
1995 | $ 2T 588B | $ 31,829.61 | $ 24,740.10 | $ 2T 11B | 1.541 % | -1.246 % | 23.08 % | -6.327 % | 81M 308K people |
1996 | $ 2T 498B | $ 30,664.39 | $ 25,349.21 | $ 2T 65B | 0.816 % | -0.676 % | 22.59 % | -0.5 % | 81M 466K people |
1997 | $ 2T 214B | $ 27,170.75 | $ 26,232.57 | $ 2T 138B | 1.785 % | -0.51 % | 22.87 % | 0.089 % | 81M 510K people |
1998 | $ 2T 242B | $ 27,528.16 | $ 27,084.64 | $ 2T 205B | 2.02 % | -0.711 % | 23.31 % | 0.474 % | 81M 446K people |
1999 | $ 2T 197B | $ 26,984.24 | $ 27,994.33 | $ 2T 279B | 1.887 % | -1.422 % | 22.58 % | 1.067 % | 81M 423K people |