GDP

GDP of Germany in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Germany with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 48756, and the growth rate in 2022 is 1.8%.”

Population

83.093 million

Land Size

349380 km²

GDP

4.09 trillion

GDP Per Capita

48756 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
51.1%
Government Expneidutre
22%
Capital Formation
22%
Export
50.8%
Import
48.9%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
0.7%
Industry
29.4%
Manufacturing
22.5%
Service
70%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

3.1 %

Inflation

8.7 %

Urbanization

77.4 %

TFR

1.5 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Germany

4697140 million USD

North Rhine-Westphalia

969626 million USD

Bavaria

872255 million USD

Baden-Württemberg

707250 million USD

Lower Saxony

419856 million USD

Hesse

398119 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Germany

-3.7 %

North Rhine-Westphalia

-3.65 %

Bavaria

-3.47 %

Baden-Württemberg

-4.39 %

Lower Saxony

-3.76 %

Hesse

-4.07 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Germany

56483 USD

North Rhine-Westphalia

54059 USD

Bavaria

66420 USD

Baden-Württemberg

63706

Lower Saxony

52492 USD

Hesse

63288 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Germany

-4.47 %

North Rhine-Westphalia

-4.33 %

Bavaria

-4.36 %

Baden-Württemberg

-5.43 %

Lower Saxony

-4.48 %

Hesse

-4.99 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %