Gross Domestic Product in Germany
DEURGDPQDSNAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
816,406,700,000.00
Year-over-Year Change
3.82%
Date Range
1/1/1991 - 1/1/2024
Summary
The Gross Domestic Product (GDP) in Germany is a comprehensive measure of the total value of all goods and services produced within the German economy. It is a key indicator used by economists and policymakers to assess the overall health and performance of the German economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP represents the monetary value of all finished goods and services produced within Germany's borders over a specific time period. It is a widely-used metric for evaluating economic growth, as well as informing fiscal and monetary policy decisions.
Methodology
The German GDP data is calculated by the Federal Statistical Office (Destatis) based on production, income, and expenditure approaches.
Historical Context
Policymakers and analysts closely monitor Germany's GDP to gauge the strength of the broader European economy and guide economic policy.
Key Facts
- Germany is the largest economy in the European Union.
- German GDP contracted in 2020 due to the COVID-19 pandemic.
- GDP is a key metric for assessing the overall health of the German economy.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) in Germany measures the total monetary value of all goods and services produced within the German economy over a given time period.
Q: Why is this trend relevant for users or analysts?
A: Germany's GDP is a critical indicator for evaluating the overall health and performance of the German economy, as well as the broader European economic landscape.
Q: How is this data collected or calculated?
A: The German GDP data is calculated by the Federal Statistical Office (Destatis) using production, income, and expenditure approaches.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor Germany's GDP to gauge the strength of the Eurozone economy and inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The German GDP data is published quarterly with some delay, and may be subject to revisions as more complete information becomes available.
Related Trends
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Infra-Annual Labor Statistics: Labor Force Male: From 25 to 54 Years for Germany
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Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for Germany
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Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Germany
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Citation
U.S. Federal Reserve, Gross Domestic Product in Germany (DEURGDPQDSNAQ), retrieved from FRED.