Economic Development

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

Status: Monthly report May 2023

GERMANY%EURO AREA
202120222023 202120222023
2.61.60.2GDP (real) rate of growth 5.33.21.1
6.73.75.8Current account balance vs. GDP3.11.52.1
3.63.13.2Unemployment rate7.76.86.8
3.28.96.8Inflation (HICP)2.68.55.8
-6.5-2.3-2.3Budget balance vs. GDP-7.1-3.5-3.2
71.467.465.2Maastricht-Debt ratio100.093.690.8

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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