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Country profile · Europe & Central Asia · High income

Germany

GDP was US$5.05 trillion in 2025 (current US dollars). Real GDP grew 0.2% in 2025. GDP per capita at purchasing-power parity was $62,824 (constant 2021 international dollars, 2025).

Economy profile

What is Germany’s position, and what links it to Canada?

Germany’s economy grew 0.2% in 2025 after contracting in 2023 and 2024; industrial production was 90.7 in August 2026 on a 2021 = 100 scale

Structure and recent performance

Germany produced US$5.1 trillion in 2025. Real GDP changed by -0.9% in 2023, -0.5% in 2024 and 0.2% in 2025; year-on-year quarterly growth was 1.2% in Q3 2026. Manufacturing is 17.6% of GDP, industry 25.2%, and trade 78.5%; the current account surplus is 4.4% of GDP. Industrial production was 90.7 in August 2026, below the euro area aggregate (97.6). Unemployment was 4.1% in September 2026 and inflation 2.8% in October 2026. GDP per person at purchasing-power parity is $62,824 and output per worker $125,086.

Strengths and vulnerabilities

Opinion

The data show high productivity per worker, low unemployment by European standards and a large current account surplus. They also show an economy that shrank in 2023 and 2024 and barely grew in 2025 and that depends on energy imports (70.3% of energy use) at a time of high energy prices, with manufacturing a larger share of output than in most of the sample. This report holds no data on Germany's automotive sector or fiscal policy.

Connections to Canada

Germany took 1.2% of Canada's merchandise exports in 2025 and supplied 3.2% of its imports, making it Canada's largest European partner by imports in the list read for this report (11.6% for the European Union as a whole).

Open the euro area in the relationship explorer

"The sample" in this profile means the twelve economies that have a profile here: the United States, China, Germany, France, the United Kingdom, Japan, India, South Korea, Canada, Mexico, Brazil and Australia. It is not a ranking of all countries, and each comparison uses the latest year available for each country, which can differ.

Indicators

What the data say about Germany

GDP was US$5.05 trillion in 2025 (current US dollars). Real GDP grew 0.2% in 2025. GDP per capita at purchasing-power parity was $62,824 (constant 2021 international dollars, 2025). Consumer price inflation averaged 2.2% in 2025. The modelled unemployment rate was 3.7% in 2025. Exports plus imports equalled 79% of GDP in 2025. Population was 83.5 million in 2025.

IndicatorLatestYearFreshnessSource
GDP (current US$)
US$ (current)
5.051e+122025currentWDI NY.GDP.MKTP.CD
GDP, PPP (constant 2021 international $)
international $ (2021 PPP)
5.245e+122025currentWDI NY.GDP.MKTP.PP.KD
GDP growth (annual %)
% change, annual
0.242025currentWDI NY.GDP.MKTP.KD.ZG
GDP per capita, PPP (constant 2021 international $)
international $ (2021 PPP)
62,823.772025currentWDI NY.GDP.PCAP.PP.KD
GDP per capita (current US$)
US$ (current)
60,496.442025currentWDI NY.GDP.PCAP.CD
GDP per capita growth (annual %)
% change, annual
0.272025currentWDI NY.GDP.PCAP.KD.ZG
Inflation, consumer prices (annual %)
% change, annual average
2.172025currentWDI FP.CPI.TOTL.ZG
Unemployment, total (% of total labor force) (modeled ILO estimate)
% of labour force (modelled ILO estimate)
3.712025currentWDI SL.UEM.TOTL.ZS
Labor force participation rate, total (% of total population ages 15+) (modeled ILO estimate)
% of population 15+ (modelled ILO estimate)
60.572025currentWDI SL.TLF.CACT.ZS
Trade (% of GDP)
% of GDP
78.512025currentWDI NE.TRD.GNFS.ZS
Exports of goods and services (% of GDP)
% of GDP
40.432025currentWDI NE.EXP.GNFS.ZS
Imports of goods and services (% of GDP)
% of GDP
38.082025currentWDI NE.IMP.GNFS.ZS
Current account balance (% of GDP)
% of GDP
4.452025currentWDI BN.CAB.XOKA.GD.ZS
Gross capital formation (% of GDP)
% of GDP
21.932025currentWDI NE.GDI.TOTL.ZS
Foreign direct investment, net inflows (% of GDP)
% of GDP
1.882025currentWDI BX.KLT.DINV.WD.GD.ZS
Manufacturing, value added (% of GDP)
% of GDP
17.612025currentWDI NV.IND.MANF.ZS
Services, value added (% of GDP)
% of GDP
64.462025currentWDI NV.SRV.TOTL.ZS
Agriculture, forestry, and fishing, value added (% of GDP)
% of GDP
0.872025currentWDI NV.AGR.TOTL.ZS
Research and development expenditure (% of GDP)
% of GDP
3.152023currentWDI GB.XPD.RSDV.GD.ZS
GDP per person employed (constant 2021 PPP $)
US$ (constant 2021 PPP) per person employed
125,086.352025currentWDI SL.GDP.PCAP.EM.KD
Population, total
persons
8.349e+72025currentWDI SP.POP.TOTL
Population growth (annual %)
% change, annual
-0.032025currentWDI SP.POP.GROW
Population ages 65 and above (% of total population)
% of population
23.72025currentWDI SP.POP.65UP.TO.ZS
Central government debt, total (% of GDP)
% of GDP (central government)
20.851990currentWDI GC.DOD.TOTL.GD.ZS
Net lending (+) / net borrowing (-) (% of GDP)
% of GDP (net lending/borrowing)
-1.682024currentWDI GC.NLD.TOTL.GD.ZS
Energy use (kg of oil equivalent per capita)
kg of oil equivalent per capita
2,874.382024currentWDI EG.USE.PCAP.KG.OE
Renewable electricity output (% of total electricity output)
% of electricity output
39.832021agingWDI EG.ELC.RNEW.ZS
Energy imports, net (% of energy use)
% of energy use (net imports)
70.262024currentWDI EG.IMP.CONS.ZS
Net migration
persons (5-year net, UN estimate)
-334,0722025currentWDI SM.POP.NETM
School enrollment, tertiary (% gross)
% gross enrolment
76.712024currentWDI SE.TER.ENRR
Charts

Germany against Canada and the world

Annual series, 1990 onward.

Charts load as you scroll.