Germany GDP Growth Rate YoY Final

Info

History

Chart

Impact:

High

Source: Federal Statistical Office

Latest Release:

Date:

Big Surprise:

0.2%

EUR

Actual:

Forecast: -0.2%

Previous/Revision:

-0.2%

Period: Q1

Next Release:

Date:

Period: Q2

What Does It Measure?

The Germany GDP Growth Rate YoY Final measures the annual percentage change in the real gross domestic product (GDP) of Germany, explicitly assessing the overall economic performance by tracking the total value of all goods and services produced over the year. It is a national indicator that focuses primarily on production and overall economic activity, with key indicators including consumption, investment, government spending, and net exports.

Frequency

This report is released quarterly, with the YoY figure providing a final estimate based on comprehensive data collection from the previous year, typically published around the end of the following quarter.

Why Do Traders Care?

Traders closely monitor the GDP Growth Rate as it is a critical indicator of economic health, influencing financial markets by affecting investor sentiment and monetary policy decisions. Stronger than expected growth can bolster the euro and equities, while disappointing figures may have adverse effects on currency value and stock prices.

What Is It Derived From?

The GDP Growth Rate is derived from a wide range of economic data collected from national accounts, including detailed contributions from private consumption, business investment, government spending, and net exports. The calculation involves adjusting nominal GDP figures for inflation to reflect real changes in economic output, adhering to industry standards for accuracy and consistency.

Description

The preliminary and final reports for the GDP Growth Rate differ in that preliminary data is based on early estimates which may be revised as more information becomes available, while final data represents a more comprehensive and refined picture of economic performance. Traders often respond more vigorously to preliminary figures due to their timeliness, yet final results can lead to significant adjustments in market perception as they provide a clearer understanding of economic trends.

Additional Notes

The GDP Growth Rate serves as a coincident economic indicator, reflecting the current state of the economy and its trajectory. Compared to other indicators, such as unemployment rates or consumer confidence, GDP growth provides a broader perspective on economic performance and is crucial for understanding the overall growth patterns not only in Germany but also in the context of the Eurozone.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks. Dovish tone: Signaling lower interest rates or economic support is usually bad for the EUR but good for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 23, 2025	0%	-0.2%	-0.2%	0.2%
Feb 25, 2025	-0.2%	-0.2%	-0.3%
Nov 22, 2024	-0.3%	-0.2%	-0.3%	-0.1%
Aug 27, 2024	0%	-0.1%	-0.1%	0.1%
May 24, 2024	-0.2%	-0.2%	-0.2%
Feb 23, 2024	-0.2%	-0.2%	-0.3%
Nov 24, 2023	-0.4%	-0.3%	0.1%	-0.1%
Aug 25, 2023	-0.2%	-0.2%	-0.2%
May 25, 2023	-0.5%	-0.1%	0.8%	-0.4%
Feb 24, 2023	0.9%	1.1%	1.4%	-0.2%
Nov 25, 2022	1.3%	1.2%	1.6%	0.1%
Aug 25, 2022	1.7%	1.4%	3.6%	0.3%
May 25, 2022	3.8%	3.7%	1.8%	0.1%
Feb 25, 2022	1.8%	1.4%	2.9%	0.4%
Nov 25, 2021	2.5%	2.5%	10%
Aug 24, 2021	9.4%	9.2%	-3.1%	0.2%
May 25, 2021	-3.1%	-3%	-3.3%	-0.1%
Feb 24, 2021	-3.7%	-3.9%	-4%	0.2%
Nov 24, 2020	-4%	-4.3%	-11.3%	0.3%
Aug 25, 2020	-11.3%	-11.7%	-2.2%	0.4%
May 25, 2020	-2.3%	-2.3%	0.4%
Feb 25, 2020	0.4%	0.4%	0.6%
Nov 22, 2019	0.5%	0.5%	0.3%
Aug 27, 2019	0.4%	0.4%	0.9%
May 23, 2019	0.7%	0.7%	0.6%
Feb 22, 2019	0.6%	0.6%	1.1%
Nov 23, 2018	1.1%	1.1%	2%
Aug 24, 2018	2%	2%	2.1%
May 24, 2018	2.3%	2.3%	2.9%
Feb 23, 2018	2.9%	2.9%	2.7%
Nov 23, 2017	2.8%	2.8%	2.3%
Aug 25, 2017	2.1%	2.1%	2%
May 23, 2017	1.7%	1.7%	1.8%
Feb 23, 2017	1.2%	1.6%	1.5%	-0.4%
Nov 24, 2016	1.5%	1.7%	3.1%	-0.2%
Aug 24, 2016	3.1%	3.1%	1.5%
May 24, 2016	1.3%	1.6%	2.1%	-0.3%
Feb 23, 2016	2.1%	2.1%	1.8%
Nov 24, 2015	1.8%	1.8%	1.6%
Aug 25, 2015	1.6%	1.6%	1.2%
May 22, 2015	1.1%	1%	1.6%	0.1%