GDP in local currency terms reached 3,449 EUR bil in 2019 in Germany, according to the National Statistical Office. This is 2.76 % more than in the previous year.
Historically, GDP in local currency terms in Germany reached an all time high of 3,449 EUR bil in 2019 and an all time low of 402 EUR bil in 1970. When compared to Germany's main peers, GDP in local currency terms in Austria amounted to 399 EUR bil, 473 EUR bil in Belgium, 2,426 EUR bil in France and 2,274 PLN bil in Poland in 2019.
Germany has been ranked 71st within the group of 174 countries we follow in terms of GDP in local currency terms, 9 places behind the position seen 10 years ago.
GDP at purchaser's prices is the sum of the gross value added to the economy by all resident producers, plus any product taxes and minus any subsidies not included in the value of the products.