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Gross Domestic Product (GDP) in Germany

GDP of Germany, 1970-2015

During 1970-2015 GDP of Germany in current prices increased by 3 148.6 billion US dollars (in 15.6 times) to 3 363.6 billion US dollars; change occurred by 6.4 billion US dollars by increasing of people by 2.3 million, as well as by 3 142.2 billion US dollars by increasing of GDP per capita by 38 942.0 US dollars. The average annual growth of GDP of Germany was 70.0 billion US dollars or 6.3%. The average annual growth of GDP of Germany in constant prices was 2.0%. Share in the world fell by 1.8%. Share in Europe grew by 2.2%. Minimal GDP was in 1970 (215.0 billion US dollars). Maximal GDP was in 2014 (3 879.3 billion US dollars).

During 1970-2015 GDP per capita in Germany grew by 38 942.0 US dollars (in 15.2 times) to 41 686.0 US dollars. The average annual growth of GDP per capita in current prices was 865.4 US dollars or 6.2%.

Change of GDP of Germany described by linear regression model: y=83.7x-164 888.1, where y - estimated value of GDP of Germany, x - year. Correlation rate = 0.971. Determination rate = 0.942.

GDP of Germany, 1970

GDP of Germany in 1970 was equal to 215.0 billion US dollars, ranked 3rd in the world and was on par with GDP of Japan (211.5 bln. US dollars). Share of Germany in the world GDP was 6.3%.

GDP per capita in Germany in 1970 was 2 744.0 US dollars, ranked 23rd in the world and was on par with GDP per capita in the Netherlands (2 906.0 US dollars), GDP per capita in France (2 862.0 US dollars), GDP per capita in Belgium (2 778.0 US dollars), GDP per capita in Iceland (2 598.0 US dollars), GDP per capita in Cayman Islands (2 577.9 US dollars). GDP per capita in Germany was greater than GDP per capita in the World (924.0 US dollars) by 1 820.0 US dollars.

Comparison of GDP in Germany and the neighbors in 1970. GDP of Germany was greater than GDP of France (148.9 billion US dollars), GDP of the Netherlands (37.7 billion US dollars), GDP of Poland (28.3 billion US dollars), GDP of Belgium (26.8 billion US dollars), GDP of Denmark (17.1 billion US dollars), GDP of Austria (15.3 billion US dollars). GDP per capita in Germany was greater than GDP per capita in Austria (2 042.0 US dollars), GDP per capita in Poland (862.0 US dollars), but was less than GDP per capita in Denmark (3 464.0 US dollars), GDP per capita in the Netherlands (2 906.0 US dollars), GDP per capita in France (2 862.0 US dollars), GDP per capita in Belgium (2 778.0 US dollars).

Comparison of GDP in Germany and leaders in 1970. GDP of Germany was greater than GDP of Japan (211.5 billion US dollars) by 1.7%, GDP of the United Kingdom (130.7 billion US dollars) by 64.5%, GDP of China (89.6 billion US dollars) in 2.4 times, but was less than GDP of the United States (1 075.9 billion US dollars) in 5.0 times. GDP per capita in Germany was greater than GDP per capita in the United Kingdom (2 350.0 US dollars) by 16.8%, GDP per capita in Japan (2 040.0 US dollars) by 34.5%, GDP per capita in China (111.0 US dollars) in 24.7 times, but was less than GDP per capita in the United States (5 136.0 US dollars) by 87.2%.

Potential GDP of Germany in 1970. With GDP per capita at the level of the United States (5 136.0 US dollars), GDP of Germany would be 402.5 billion US dollars, it is by 87.2% more than the actual level. With GDP per capita at the level of Denmark (3 464.0 US dollars), as the best neighbor, GDP of Germany would be 271.4 billion US dollars, it is by 26.2% more than the actual level. With GDP per capita at the level of Western Europe (2 812.0 US dollars), GDP of Germany would be 220.3 billion US dollars, it is by 2.5% more than the actual level.

GDP of Germany, 2015

GDP of Germany in 2015 was 3 363.6 billion US dollars, ranked 4th in the world. Share of Germany in the world GDP was 4.5%.

GDP per capita in Germany in 2015 was worth 41 686.0 US dollars, ranked 24th in the world and was on par with GDP per capita in the Netherlands (44 332.0 US dollars), GDP per capita in the United Kingdom (44 162.0 US dollars), GDP per capita in Austria (44 118.0 US dollars), GDP per capita in Canada (43 206.0 US dollars), GDP per capita in Hong Kong (42 431.0 US dollars), GDP per capita in Finland (42 148.0 US dollars), GDP per capita in United Arab Emirates (40 439.0 US dollars), GDP per capita in Belgium (40 278.0 US dollars), GDP per capita in Andorra (39 895.8 US dollars). GDP per capita in Germany was greater than GDP per capita in the World (10 098.0 US dollars) by 31 588.0 US dollars.

Comparison of GDP in Germany and the neighbors in 2015. GDP of Germany was greater than GDP of France (2 418.9 billion US dollars), GDP of the Netherlands (750.3 billion US dollars), GDP of Poland (477.1 billion US dollars), GDP of Belgium (455.1 billion US dollars), GDP of Austria (377.0 billion US dollars), GDP of Denmark (301.3 billion US dollars), GDP of Czech Republic (185.2 billion US dollars). GDP per capita in Germany was greater than GDP per capita in Belgium (40 278.0 US dollars), GDP per capita in France (36 304.0 US dollars), GDP per capita in Czech Republic (17 562.0 US dollars), GDP per capita in Poland (12 355.0 US dollars), but was less than GDP per capita in Denmark (53 149.0 US dollars), GDP per capita in the Netherlands (44 332.0 US dollars), GDP per capita in Austria (44 118.0 US dollars).

Comparison of GDP in Germany and leaders in 2015. GDP of Germany was greater than GDP of the United Kingdom (2 858.0 billion US dollars) by 17.7%, but was less than GDP of the United States (18 036.6 billion US dollars) in 5.4 times, GDP of China (11 158.5 billion US dollars) in 3.3 times, GDP of Japan (4 383.1 billion US dollars) by 30.3%. GDP per capita in Germany was greater than GDP per capita in Japan (34 629.0 US dollars) by 20.4%, GDP per capita in China (8 109.0 US dollars) in 5.1 times, but was less than GDP per capita in the United States (56 054.0 US dollars) by 34.5%, GDP per capita in the United Kingdom (44 162.0 US dollars) by 5.9%.

Potential GDP of Germany in 2015. With GDP per capita at the level of the United States (56 054.0 US dollars), GDP of Germany would be 4 522.9 billion US dollars, it is by 34.5% more than the actual level. With GDP per capita at the level of Denmark (53 149.0 US dollars), as the best neighbor, GDP of Germany would be 4 288.5 billion US dollars, it is by 27.5% more than the actual level. With GDP per capita at the level of Western Europe (41 989.0 US dollars), GDP of Germany would be 3 388.0 billion US dollars, it is by 0.73% more than the actual level.

Size of GDP in Germany

Gross Domestic Product (GDP) in Germany, bln. US dollars
Prices197019801990200020102015
current prices215.0946.71 764.91 950.03 417.13 363.6
constant prices1970215.0286.0360.0437.9479.0518.1
20051 365.81 816.82 286.92 781.33 042.43 291.2
Picture. Germany: GDP Picture. GDP: share of Germany in the world

GDP in Germany and its neighbors, bln. $
Country197019801990200020102015
Germany215.0946.71 764.91 950.03 417.13 363.6
France148.9703.51 275.31 368.42 646.82 418.9
Netherlands37.7192.7314.3412.8836.4750.3
Poland28.359.166.0171.9479.3477.1
Belgium26.8127.5206.4237.9483.5455.1
Austria15.381.9166.1196.4390.2377.0
Denmark17.171.1138.2164.2322.0301.3
Czech Republic40.361.5207.0185.2

GDP in Germany and leaders, bln. $
Country197019801990200020102015
United States1 075.92 862.55 979.610 284.814 964.418 036.6
China89.6305.3398.61 214.96 066.411 158.5
Japan211.51 099.73 140.04 887.55 700.14 383.1
Germany215.0946.71 764.91 950.03 417.13 363.6
United Kingdom130.7565.01 093.21 635.42 429.72 858.0

Growth of GDP in Germany

Picture. Germany: GDP, growth Picture. Germany: GDP, growth

GDP per capita in Germany

Picture. Germany: GDP per capita Picture. Germany: GDP per capita

GDP per capita in Germany and its neighbors, $
Country197019801990200020102015
Denmark3 464.013 883.026 895.030 751.058 007.053 149.0
Netherlands2 906.013 661.021 070.025 972.050 289.044 332.0
Austria2 042.010 775.021 549.024 398.046 498.044 118.0
Germany2 744.012 113.022 353.023 810.042 483.041 686.0
Belgium2 778.012 938.020 688.023 169.044 241.040 278.0
France2 862.012 713.021 795.022 340.040 667.036 304.0
Czech Republic3 905.05 989.019 703.017 562.0
Poland862.01 652.01 727.04 466.012 426.012 355.0

GDP per capita in Germany and leaders, $
Country197019801990200020102015
United States5 136.012 468.023 649.036 355.048 291.056 054.0
United Kingdom2 350.010 049.019 142.027 781.038 741.044 162.0
Germany2 744.012 113.022 353.023 810.042 483.041 686.0
Japan2 040.09 487.025 685.038 878.044 770.034 629.0
China111.0312.0345.0957.04 524.08 109.0

Structure of GDP in Germany

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197072.155.916.132.529.3-1.5
198080.059.220.727.026.0-4.6
199075.756.719.024.724.5-0.22
200075.857.118.723.923.00.27
201075.256.119.119.619.55.2
201573.253.919.219.220.07.6
Picture. Germany: structure of GDP by expenditures, 2015, %

© Ivan Kushnir

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