German GDP grows 1.9 percent in 2016

23 February 2017
Sunset in Brandenburg

1.9 percent represents highest growth rate since 2012

The German economy grew by 1.9 percent during 2016, the highest rate of GDP growth among G7 countries, according to latest figures from the Federal Statistical Office. Employment also reached record levels.

This was the biggest GDP increase since 2012. The 2016 GDP growth was higher than in 2015 and 2014, 1.7 percent and 1.6 respectively. Growth in 2016 was half a percentage point higher than the average of the last ten years (1.4 percent).

The economic performance in 2016 was achieved by 43.5 million persons in employment in Germany, the highest number since 1991, representing an increase of 429,000 (1 percent) on the previous year.

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Germany saw record high employment and record low unemployment in 2016

Record levels of employment and unemployment

Employment in Germany in 2016 has reached its highest level since reunification with 43.5 million people in employment. Unemployment rate in 2016 was 6.1 percent, which is 0.3 percent points fewer that in 2015, the lowest rate since 1991.