OECD Economies: Germany

April 1, 2010 § 1 Comment

Real GDP for the last decade

The graph above shows both actual and estimated growth rates of GDP in Germany, from 1998 to 2009. The Gross Domestic Product rates dropped significantly in the year 2008 to 2009, assuming because of the great Lehman-Brothers shock.

Real GDP per capita for the last decade

Year GDP – per capita (PPP) (US$)
2000 22700
2001 23400
2002 26600
2003 26600
2004 27600
2005 28700
2006 30100
2007 31900
2008 34100
2009 34200
Definition of GDP – per capita (PPP): This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.

http://www.indexmundi.com/g/g.aspx?c=gm&v=67

Graph showing Real GDP growth for the last decade

With the use of national statistics, we are able to determine the nation’s annual progress, predict future demand, analyze historical changes, compare economies, develop policies, and develop models and make forecasts. According to this article, “The International Monetary Fund (IMF) expects a moderate recovery of the German economy, with a growth rate of 1.2% of GDP this year, followed by 1.7% in 2011”.

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