Germany EUR

Germany Full Year GDP Growth

Info

History

Chart

Impact:

High

Source: Federal Statistical Office

Latest Release:

Date:

Actual:

-0.2%

Forecast: -0.2%

Previous/Revision:

-0.3%

Period: 2024

What Does It Measure?

Germany's Full Year GDP Growth measures the overall economic performance and health of the country by assessing the total market value of all final goods and services produced within its borders over a one-year period. This indicator focuses on key areas such as consumption, investment, government spending, and net exports, with an emphasis on year-over-year changes, and is a national indicator that signifies the economic strength or weakness of Germany.

Frequency

This report is released annually, with the preliminary figures typically made available in January and final estimates published in February, providing a comprehensive overview of the previous year's economic activity.

Why Do Traders Care?

Traders and investors closely watch GDP growth rates as they are fundamental indicators of economic health, influencing market sentiments across various asset classes including the Euro, stocks, and bonds. Higher-than-expected growth figures can lead to bullish sentiments for the Euro and equities, whereas disappointing results may create bearish pressure on these markets.

What Is It Derived From?

GDP growth is derived from comprehensive economic data which includes household consumption, business investments, government expenditures, and net exports, with statistical agencies utilizing national accounts data to compile the overall GDP figure. The calculation employs various methodologies, including adjustments for inflation to provide real GDP growth, and relies on data from businesses, government agencies, and other economic actors.

Description

The preliminary GDP growth figures reflect early estimates based on available data and are subject to subsequent revisions once more comprehensive data is obtained, ensuring the final report provides a more accurate reflection of economic performance. Month-over-Month (MoM) and Quarter-over-Quarter (QoQ) reporting are not typically applied here; the focus is on Year-over-Year (YoY) comparisons, which demonstrate long-term economic trends without seasonal fluctuations, making it the preferred measure for GDP analysis.

Additional Notes

GDP growth serves as a coincident economic indicator, reflecting conditions in real-time and correlating closely with consumption patterns and overall economic activity. This measurement is crucial for understanding broader economic trends not only within Germany but also in the context of the European Union and global economic performance.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for Euro, Bullish for Stocks.

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
Jan 15, 2025	-0.2%	-0.2%	-0.3%
Jan 15, 2024	-0.3%	-0.3%	1.8%
Jan 13, 2023	1.9%	1.8%	2.6%	0.1%
Jan 14, 2022	2.7%	2.7%	-4.6%
Jan 14, 2021	-5%	-5.1%	0.6%	0.1%
Jan 15, 2020	0.6%	0.6%	1.5%
Jan 15, 2019	1.5%	1.5%	2.2%
Jan 11, 2018	2.2%	2.4%	1.9%	-0.2%
Jan 12, 2017	1.9%	1.8%	1.7%	0.1%