Economic Development

Important data on the development of the economy and the general public budget in Germany and the euro area:

Status: Monthly report November 2023

GERMANY%EURO AREA
202220232024 202220232024
1.8-0.41.1GDP (real) rate of growth 3.30.81.3
4.05.85.6Current account balance vs. GDP0.62.12.4
3.13.23.1Unemployment rate6.86.86.7
8.76.42.7Inflation (HICP)8.45.62.9
-2.6-2.3-1.2Budget balance vs. GDP-3.6-3.2-2.4
66.365.264.1Maastricht-Debt ratio93.190.889.9

Source: Federal Ministry of Finance monthly reports; figures for the coming year are forecasts by the EU Commission. (GDP = gross domestic product, HICP = harmonised index of consumer prices)

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