Supported by robust employment, consumption, construction and exports, Germany’s growth momentum is expected to remain strong. The general government budget is set to remain in surplus and the gross debt-to-GDP ratio to further decline. Policy uncertainty, including the trade policies of major trading partners, represents a downside risk to the growth forecast.

Indicators 2015 2016 2017 2018
GDP growth (%, yoy) 1,7 1,9 1,6 1,9
Inflation (%, yoy) 0,1 0,4 1,7 1,4
Unemployment (%) 4,6 4,1 4,0 3,9
Public budget balance (% of GDP) 0,7 0,8 0,5 0,3
Gross public debt (% of GDP) 71,2 68,3 65,8 63,3
Current account balance (% of GDP) 8,5 8,5 8,0 7,6

Documents

DownloadPDF - 80.7 KB