According to the International Monetary Fund (IMF), real GDP of Germany is forecast to grow by 4.2 percent in 2021 and 3.1 percent in 2022.
Download the data and forecasts in 1980-2025: Germany GDP growth rate, nominal GDP, GDP PPP, GDP per capita, projected GDP (xls)
Note: The data is based on the IMF’s World Economic Outlook Database, October 2020.
1) Real GDP growth rate: 2010 – 4.2 percent, 2011 – 3.9 percent, 2012 – 0.4 percent, 2013 – 0.4 percent, 2014 – 2.2 percent, 2015 – 1.5 percent, 2016 – 2.2 percent, 2017 – 2.6 percent, 2018 – 1.3 percent, 2019 – 0.6 percent and 2020 – -6.0 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2021 – 4.2 percent, 2022 – 3.1 percent, 2023 – 1.8 percent, 2024 – 1.3 percent and 2025 – 1.2 percent.
3) Nominal GDP in current prices, billions of Euro (code: EUR; sign: €): 2010 – €2,564.400 billion, 2011 – €2,693.560 billion, 2012 – €2,745.310 billion, 2013 – €2,811.350 billion, 2014 – €2,927.430 billion, 2015 – €3,026.180 billion, 2016 – €3,134.740 billion, 2017 – €3,259.860 billion, 2018 – €3,356.410 billion, 2019 – €3,449.050 billion and 2020 – €3,307.103 billion.
4) Projected nominal GDP in current prices, billions of Euro: 2021 – €3,511.764 billion, 2022 – €3,669.029 billion, 2023 – €3,786.790 billion, 2024 – €3,901.010 billion and 2025 – €4,028.202 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $3,402.444 billion, 2011 – $3,748.655 billion, 2012 – $3,529.377 billion, 2013 – $3,733.859 billion, 2014 – $3,890.095 billion, 2015 – $3,357.926 billion, 2016 – $3,468.896 billion, 2017 – $3,681.303 billion, 2018 – $3,965.565 billion, 2019 – $3,861.550 billion and 2020 – $3,780.553 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2021 – $4,318.485 billion, 2022 – $4,556.812 billion, 2023 – $4,726.374 billion, 2024 – $4,877.584 billion and 2025 – $5,040.941 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $3,219.132 billion, 2011 – $3,415.020 billion, 2012 – $3,487.234 billion, 2013 – $3,628.559 billion, 2014 – $3,807.115 billion, 2015 – $3,890.125 billion, 2016 – $4,164.749 billion, 2017 – $4,401.871 billion, 2018 – $4,564.715 billion, 2019 – $4,672.006 billion and 2020 – $4,454.498 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2021 – $4,743.422 billion, 2022 – $4,975.662 billion, 2023 – $5,156.523 billion, 2024 – $5,324.939 billion and 2025 – $5,494.219 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $42,379.8, 2011 – $46,697.5, 2012 – $43,883.4, 2013 – $46,299.2, 2014 – $48,036.0, 2015 – $41,107.2, 2016 – $42,124.3, 2017 – $44,537.1, 2018 – $47,832.1, 2019 – $46,472.6 and 2020 – $45,466.1.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2021 – $51,967.3, 2022 – $54,875.6, 2023 – $56,966.9, 2024 – $58,849.0 and 2025 – $60,890.5.
11) GDP PPP per capita in current prices, international dollars: 2010 – $40,096.6, 2011 – $42,541.4, 2012 – $43,359.4, 2013 – $44,993.5, 2014 – $47,011.3, 2015 – $47,622.3, 2016 – $50,574.4, 2017 – $53,254.7, 2018 – $55,058.9, 2019 – $56,226.2 and 2020 – $53,571.2.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2021 – $57,080.9, 2022 – $59,919.6, 2023 – $62,151.5, 2024 – $64,246.5 and 2025 – $66,365.7.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 3.6 percent, 2011 – 3.6 percent, 2012 – 3.5 percent, 2013 – 3.5 percent, 2014 – 3.5 percent, 2015 – 3.5 percent, 2016 – 3.6 percent, 2017 – 3.6 percent, 2018 – 3.5 percent, 2019 – 3.5 percent and 2020 – 3.4 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2021 – 3.4 percent, 2022 – 3.4 percent, 2023 – 3.3 percent, 2024 – 3.2 percent and 2025 – 3.2 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 100.6 percent, 2011 – 101.1 percent, 2012 – 101.5 percent, 2013 – 102.0 percent, 2014 – 101.9 percent, 2015 – 101.9 percent, 2016 – 101.3 percent, 2017 – 101.4 percent, 2018 – 101.7 percent, 2019 – 102.2 percent and 2020 – 102.0 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2021 – 101.9 percent, 2022 – 101.4 percent, 2023 – 101.4 percent, 2024 – 101.7 percent and 2025 – 102.0 percent.
17) Output gap in percent of potential GDP, percent of potential GDP: 2010 – -1.0 percent, 2011 – 1.4 percent, 2012 – 0.3 percent, 2013 – -0.8 percent, 2014 – -0.3 percent, 2015 – -0.3 percent, 2016 – 0.2 percent, 2017 – 1.0 percent, 2018 – 1.2 percent, 2019 – 0.4 percent and 2020 – -3.5 percent.
The output gap is actual minus potential output, as a percentage of potential output. Estimates of the output gap are subject to significant margins of uncertainty.
18) Projected output gap in percent of potential GDP, percent of potential GDP: 2021 – -1.8 percent, 2022 – -0.7 percent, 2023 – -0.2 percent, 2024 – -0.1 percent and 2025 – 0.0 percent.
19) Ratio of the average price level in Germany to the average price level in the United States, percent: 2010 – 105.7 percent, 2011 – 109.8 percent, 2012 – 101.2 percent, 2013 – 102.9 percent, 2014 – 102.2 percent, 2015 – 86.3 percent, 2016 – 83.3 percent, 2017 – 83.6 percent, 2018 – 86.9 percent, 2019 – 82.7 percent and 2020 – 84.9 percent.
20) Projected ratio of the average price level in Germany to the average price level in the United States, percent: 2021 – 91.0 percent, 2022 – 91.6 percent, 2023 – 91.7 percent, 2024 – 91.6 percent and 2025 – 91.7 percent.
See also: Ranking of countries by nominal GDP in current prices in 1980-2025
Ranking of countries by GDP PPP in 1980-2025
Ranking of countries by real GDP growth rate in 1980-2025
Ranking of countries by nominal GDP per capita in 1980-2025
Ranking of countries by GDP PPP per capita in 1980-2025
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by