Nominal GDP for Germany was $4,683bn in 2024, up from $4,563bn in 2023. The German population was estimated at 84.6m in 2024 according to the IMF, while China is Germany’s biggest trading partner.
Variables Surveyed for Germany
Variables covered in our monthly analysis of Germany include:
- Gross Domestic Product
- Private Consumption
- Machinery and Equipment Investment
- Industrial Production
- Consumer Prices
- Producer Prices
- Negotiated Wages and Salaries
- Unemployment Rate
- Current Account
- General Government Budget Balance
- Interest Rates
- Euro Currency Forecasts
Consensus Forecasts for Germany
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the Bundesbank, and European Commission. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Consensus Forecasts – G-7 and Western Europe, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Germany on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Trends in Productivity and Wages
- Corporate Profits and Real Interest Rates
- Forecast Probabilities
Main Data Sources for Germany
- German Federal Statistical Office: The Federal Statistical Office is the institution to contact first for official data on the society, the economy, the environment and the state of Germany
- Deutsche Bundesbank: The Deutsche Bundesbank was established as the central bank of the Federal Republic of Germany in 1957.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across G7 & Western Europe
Alongside this country forecast, explore the other economies covered by our G7 & Western Europe forecast publication.