Source: world bank Nominal/PPP
Summary:
Germany GDP Per Capita expanded from 1960 to 2024, increasing from $84.62 to $4,685.59 .The compound annual growth rate (CAGR) averaged 6.47% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 24.17%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Germany Economic Phases (1960 - 2024)
From 1960 to 2024, Germany economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1966) indicating robust economic expansion
- High Growth (1968–1980) indicating robust economic expansion
- Contraction (1982–1984) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1990–1992) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- High Growth (2002–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- High Growth (2017–2018) indicating robust economic expansion
- Contraction (2019–2020) indicating temporary slowdown
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1986 with an increase of 42.827%, while the largest decline was in 1981 at -15.766%.