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%.
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.
Germany GDP from 1980 to 2024
The total market value of goods and services produced annually in Germany.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
