Nominal GDP for Germany was €3,564bn in 2021, down from €3,336bn in 2020. The German population was estimated at 83.4m in 2021 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 hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the Bundesbank, and European Commission. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Conensus 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:

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 should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.