German economy narrows by over 10% in Q2

German economy narrows by over 10% in Q2

Germany's GDP at $844.8B in 2nd quarter, down from $931.6B in same quarter last year

News Service AA

Germany's economy posted a contraction of 10.1% in the second quarter of 2020, the country's statistical authority said on Thursday.

The prices and calendar adjusted gross domestic product (GDP) narrowed by 10.1% in the April-June period, after 2% decrease in the first quarter of this year, figures released by the Federal Statistical Office showed.

The country's GDP was €768 billion ($844.8 billion) in the second quarter, down from €846.9 billion ($931.6 billion) in the same quarter last year.

The GDP per capita was €9,238 in the second quarter, falling from €10,197 in the corresponding quarter in 2019.


We use cookies limited for the aims specified in the data policy and in accordance with the legislation. For details please see our data policy.