OECD Economies: Germany

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”.