Domestic Demand in Germany
Germany's economy recorded an average growth rate of 1.6% in domestic demand in the decade to 2022, higher than the Euro Area's 1.3% average. In 2022, Germany's domestic demand growth was 3.2%.
Germany Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Germany from 2021 to 2020.
Source: Macrobond.
Germany Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 1.6 | -3.2 | 3.0 | 2.8 | -0.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects German demand projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for German demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our German demand projections.
Want to get access to the full dataset of German demand forecasts? Send an email to info@focus-economics.com.