Real (inflation-adjusted) gross domestic product (GDP) is expected to grow at a 12.4 percent annual rate in the second half of 2020 and to recover to its prepandemic level by the middle of 2022. This indicator is measured in growth rates compared to previous year. In, IMF. The share with low-level or no qualifications is forecast to fall from 14.1% in 2013 to 12.7% in 2025. Source: Cedefop skills forecasts (2015). Total job opportunities are the sum of newly created jobs (expansion demand) and job opportunities arising because of the need to replace people who either go on to other jobs or leave the labour market, for example due to retirement (replacement demand). Source: Cedefop skills forecasts (2015). RUSSIA AS WE KNOW IT ‘WON’T EXIST’ The next decade will see Russia “seeking to secure itself” … ... overtaking the UK in 2025, Germany in 2027 and Japan in 2030," it said. Following the EU demographic trend, Germany’s population is getting older (Figure 5). This research is a forward-looking macroeconomic assessment of elements such as trade, diversification, inflation, and GDP that covers the time period from 2019 to 2025. Register in seconds and access exclusive features. This indicator is measured in growth rates compared to previous year. Although older and smaller, Germany’s labour force is becoming more highly qualified (Figure 6). Inflation stays in target range and interest rates low, while higher tax revenues help governments reduce debt. However, they add that national forecasts foresee faster growth in the supply of highly-qualified labour due to rising university entry rates. Please create an employee account to be able to mark statistics as favorites. "This growth trajectory will see India become the world's third largest economy by 2030, overtaking the UK in 2025, Germany in 2027 and Japan in 2030," it said. "Growth will naturally slow as India becomes more economically developed, with the annual GDP growth expected to sink to 5.8 per cent in 2035." Values are given in millions of United States dollars (USD) and have not been adjusted for inflation. Labour market participation in Germany is also projected to fall from nearly 60% in 2013 to around 58% in 2025, but still higher than the EU forecast average of 55.5%. More than 27% of the labour force will have high-level qualifications, compared to 26% in 2013. Accessed May 11, 2021. https://www.statista.com/statistics/375203/gross-domestic-product-gdp-growth-rate-in-germany/, IMF. However, there will be a significant number of job opportunities that will require high-level qualifications (ISCED 97 levels 5 and 6). Germany's economic prospects for 2020 are looking increasingly bleak, with the country's leading research institutes downgrading GDP (gross domestic product) forecasts for … Corporate solution including all features. Often, replacement demand provides more job opportunities than expansion demand, which means that there will still be job opportunities even if the overall level of employment falls. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Graph and download economic data for Projection of General government gross debt for Germany (GGGDTPDEA188N) from 2021 to 2026 about projection, Germany, gross, debt, and … Mr. Robert Helmrich and Mr. Tobias Maier from department of Qualification, Occupational Integration and Employment at Federal Institute for Vocational Training and Education (BIBB), consider the forecasts’ underlying assumptions and results plausible. Forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. The European Commission’s economic forecasts are considered as more optimistic than national forecasts. An upward revision to Germany’s economic forecast will have an impact on its tax revenues estimate, due on Sept. 10, and its budget, which is to be presented by the end of September. According to Cedefop’s forecasts, by 2020, in Germany around 31% of 30 to 34 year-olds will have high level qualifications. Employment in Germany passed its pre-crisis 2008 level in 2010. This feature is limited to our corporate solutions. Future employment growth in Germany, up to 2025 although small will be concentrated in business and other services. Cedefop’s forecasts and their assumptions are regularly discussed with national experts. Population growth is projected mainly in the age groups over 55 years, while all other age groups, except those aged between 35 and 39 are forecast to decline. In the long-term, the Germany GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models. GDP growth forecast: Western Europe, U.S., U.K. and Germany 2010-2023 Gross domestic product (GDP) in Germany 2026 Gross domestic product (GDP) growth rate in Germany 2026 Learn more about how Statista can support your business. Forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. The "IT Market in Germany 2021-2025" report has been added to ResearchAndMarkets.com's offering.. Then you will be able to mark statistics as favourites and use personal statistics alerts. For the latest update and more detailed skills forecast data visit: www.cedefop.europa.eu/forecast, European Centre for the Development of Vocational Training, Country forecasts are published as a part of Cedefop’s Skills, P.O Box 22427, 55102 Thessaloniki, GREECE, about Deutschland vor silbernen Zeiten: Prognosen zu Qualifikationsangebot und nachfrage, Deutschland vor silbernen Zeiten: Prognosen zu Qualifikationsangebot und nachfrage. Forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. Cedefop skills supply and demand forecasts take account of global economic developments up to October 2014. Employment is forecast to fall from its 2014 peak. German’s working-age population is forecast to fall by about 2% between now and 2025. Following the economic crisis in 2008, Germany’s GDP started to recover in 2011. Source: Cedefop skills forecasts (2015). and over 1 Mio. The German government will revise upwards its forecast for growth domestic product (GDP) for 2020 when it presents an update to its estimates this week, a … Germany withstood the economic crisis relatively well. Quick Analysis with our professional Research Service: Show sources information Between 2008 and 2013, employment in the primary and manufacturing sectors fell slightly, but in contrast to many other EU Member States employment in construction increased over the same period, as well as in the distribution and transport, business and other services, and non-marketed (mainly public sector) services (Figure 2). Given expected trends in occupational mobility and its ageing labour force, between now and 2025, replacement demand in Germany is forecast to provide almost all job opportunities. Results are regularly updated and together with key assumptions and methodological developments are reviewed by national experts. In 2013, Germany, 9.9% of young people left the education and training system with a low-level qualification, reaching the national and EU benchmark of reducing this to less than 10% by 2020. In 2013, Germany’s unemployment rate was 5.3%, well below the European Union (EU) average of 11%. Also in their view, recent migration flows to Germany should compensate for demographic decline and consequently employment will not decline between now and 2025. Figure 1 Past and forecast employment, Germany (millions). "Germany: Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year)." April 6, 2021. People with medium-level qualifications in 2025 will account for 60 % of the labour force, similar to the level in 2013. The unemployment rate is projected to peak at over 14 percent in the third quarter of this year and then to fall quickly as output increases in the second half of 2020 and throughout 2021. Statista. 3 Germany Automotive Strategic Analysis Review, 2018-2025 4 Germany Automotive-Market SWOT Analysis 5 Germany Automotive Market Value Forecast, 2017-2025 In the EU, the average, in 2013, was 11.9%. "Germany: Growth Rate of The Real Gross Domestic Product (Gdp) from 2016 to 2026 (Compared to The Previous Year). Cedefop’s forecasts use harmonised data and methodology for all countries covered to allow cross-country comparisons. Figures are based on official exchange rates, not on the purchasing power parity (PPP) methodology. Source: Cedefop skills forecasts (2015). (billed annually). Press release - AMA research & Media - New study: Dairy Protein market forecast to 2025 | Lactalis Ingredients ,Fonterra Co-operative Group Limited ,Royal … 10Y. World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The CEBR forecasts that the Indian economy will expand by 9 per cent in 2021 and by 7 per cent in 2022. Trend gross domestic product (GDP), including long-term baseline projections (up to 2060), in real terms. This is much faster than forecast employment growth for the EU as a whole, where average employment is expected to reach its pre-crisis level in 2020. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. Therefore, our forecast is that Germany will begin an extended economic decline that will lead to a domestic social and political crisis and that will reduce Germany's influence in Europe during the next 10 years. Figure 5 Changes in working age population and labour force by age, 2013-25, Germany (%) In Germany, most job opportunities, around 25%, will be for professionals (high level occupations in science, engineering healthcare, business and teaching), followed by around 17% for technicians and associate professionals (occupations applying scientific or artistic concepts, operational methods and regulations in engineering, healthcare, business and the public sector) (Figure 3). Please do not hesitate to contact me. Looking forward, we estimate GDP Growth Rate in Germany to stand at 0.60 in 12 months time. When considering high-level qualification education attainment benchmark, it is necessary to note that Germany counts graduates from upper-secondary vocational schools (ISCED 4a) in the national higher education targets. You only have access to basic statistics. By 2025, the share of Germany’s labour force with high-level qualifications should rise to 27.2% compared to 26.4 % in 2013 and 24.3% in 2005. ", IMF, Germany: Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year) Statista, https://www.statista.com/statistics/375203/gross-domestic-product-gdp-growth-rate-in-germany/ (last visited May 11, 2021), Germany: Growth rate of the real gross domestic product (GDP) from 2016 to 2026, Gross domestic product (GDP) growth rate in Germany 2026, Distribution of gross domestic product (GDP) across economic sectors Germany 2019, Annual business confidence index for the industrial sector in EU 2008-2022, Annual business confidence index for the industrial sector Germany 2008-2022, Forecast: revenue automotive electric equipment manufacture Germany 2009-2020, Forecast: revenue electricity control apparatus manufacture Germany 2009-2020, Forecast: revenue soft drink manufacture Germany 2009-2020, Forecast: revenue fiber optic cable manufacture Germany 2011-2020, Forecast: revenue household appliance manufacture Germany 2009-2020, Annual business confidence index for the service sector Germany 2008-2022, Industry revenue of “travel agency activities“ in Germany 2012-2024, Forecast: revenue technical consulting Germany 2009-2020, Forecast: revenue business consulting Germany 2009-2020, Industry revenue of “tour operator activities“ in Germany 2012-2024, Forecast: revenue real estate agencies Germany 2009-2020, Annual business confidence index for the retail sector Germany 2008-2022, Forecast: revenue general food & beverage store retail Germany 2009-2020, Forecast: revenue car and light motor vehicle sales Germany 2009-2020, Forecast: revenue pharmacy retail Germany 2009-2020, Forecast: revenue mail order and internet retail Germany 2009-2020, Industry revenue of “retail sale of furniture, lighting equipment“ in Germany 2012-2024, GDP growth rate SEA 2020-2021, by country, Gross domestic product (GDP) growth rate in Kyrgyz Republic 2025, Gross domestic product (GDP) growth rate in Liechtenstein 2009, Germany: sources of non-bank loans in 2014, Production breakdown of the German confectionery industry 2010-2012, by sector, Enterprises within the German optical, medical and mechatronic industry 2010-2019, Germany: consumer opinions on economic situation over the last 12 months in 2017-2018, Imports of nickel-metal hydride accumulators in the United Kingdom (UK) 2012-2019, Turnover of the mining and quarrying industry in the United Kingdom 2009-2018, Industry revenue of »repair of computers and communication equipment« in Slovenia 2011-2023, Health expenditure GDP share forecast in Estonia 2010-2025, Poland: water supply, sewerage and waste disposal sector personnel costs 2008-2016, Germany: Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. In the long-term, the Germany GDP is projected to trend around 4000.00 USD Billion in 2022 and 4400.00 USD Billion in 2023, according to our econometric models. Figure 4 Total job opportunities by qualification, 2013-25, Germany (thousands) ... overtaking the UK in 2025, Germany in 2027 and Japan in 2030,” it said. Commission forecasts 2017 euro area growth of 1.5% and EU growth of 1.6% hindrances to growth and the weakening of supportive factors. This level is included in the band of medium-level qualifications in Cedefop’s forecast. Most employment growth will be in business and other services. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected … This is below the EU’s educational attainment benchmark of 40% by 2020. Figure 3 Distribution of total job opportunities by occupation, 2013-25, Germany and the EU (%) This page has economic forecasts for Germany including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Germany economy. $39 per month* On current trends around 32% of 30 to 34 year-olds in Germany will have high-level qualifications by 2025. Forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. Chart. Directly accessible data for 170 industries from 50 countries Most job opportunities in Germany will require medium-level qualifications (ISCED 97 levels 3 and 4) (Figure 4). Forecast is based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement. Please authenticate by going to "My account" → "Administration". Cedefop’s forecasts give insights on job opportunities between now and 2025. (April 6, 2021). The CEBR forecasts that the Indian economy will expand by 9 per cent in 2021 and by 7 per cent in 2022. This is explained by older less-qualified people leaving and younger more highly-educated people entering the labour market. The European Commission forecasts GDP growth for Germany of 1.1% in 2015 and 1.8% in 2016. Get Free Economic Indicators Charts, Historical Data and Forecasts for 196 Countries. IMF. Most job opportunities, around 26%, will be for professionals. Total employment data correspond to those reported in national accounts. At the center of economic growth and increasing political influence will be Poland. Please contact us to get started with full access to dossiers, forecasts, studies and international data. “This growth trajectory will see India become the world's third largest economy by 2030, overtaking the U.K. in 2025, Germany in 2027 and Japan in 2030,” it said. This page groups all documents and media related to the Autumn 2016 economic forecast, as … The German government has revised upward its economic forecast for this year to a decline of 5.8% from a previously expected slump of 6.3%, two sources told Reuters on Tuesday. Such small difference especially in these specific age groups is not expected to affect the general patterns in the labour supply. Profit from additional features by authenticating your Admin account. Then you can access your favorite statistics via the star in the header. Figure 2 Employment trends by sector, average annual growth rate, 2003-25, Germany (%) Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook GDP in Germany is expected to reach 3700.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. Consequently the national forecast for the share of 30-34 year olds with higher-level qualifications by 2020 is 42%, meeting the national target, compared to Cedefop’s forecast of 27.6%. Show publisher information, Gross domestic product (GDP) in Germany 2026, GDP growth forecast: Western Europe, U.S., U.K. and Germany 2010-2023. According to Cedefop’s skills supply and demand forecasts (see scenario assumptions), despite economic growth in Germany employment is expected to decline between now and 2025 (Figure 1). Are you interested in testing our corporate solutions? Despite significant differences between countries, the forecasts generally assume that a modest economic recovery will slowly increase confidence in the EU, increasing investment, consumer spending and exports. Trend gross domestic product (GDP), including long-term baseline projections (up to 2060), in real terms. Cedefop’s latest skills demand and supply forecasts up to 2025 cover 28 EU Member States plus Iceland, Norway and Switzerland. The calculation of job opportunities through expansion and replacement demand is a complex issue. Source: Cedefop skills forecasts (2015). The indicator is measured in USD at 2010 Purchasing Power Parities. There are also some small differences in the projection of females in young age groups. Gross domestic product (GDP) growth rate in Sub-Saharan Africa 2025 Germany: sources of non-bank loans in 2014 Number of German video gamers per platform in 2011 and 2012 Figure 6 Labour force trends by qualifications, 2005-25, Germany (and EU) (%) The 14% share of job opportunities for clerical support workers (workers who record, organise, store, compute and retrieve information, and perform several clerical duties in connection with money-handling operations, travel arrangements, requests for information, and appointments) in Germany is also well above the EU average of 9% for this occupational group. It should not be assumed that all job opportunities will be open for young people and so do not give an indication of individual career opportunities. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. They do not substitute national forecasts. Germany: Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year) [Graph]. Eurostat’s latest population projection (Europop 2013) for Germany reflects the current trends in fertility rates and net migration flows. The assumptions reflect the latest Eurostat population forecast (Europop 2013, published in spring 2014) and the short-term macroeconomic forecast produced by the European Commission in November 2014. y’s labour force with high-level qualifications should rise to 27.2% Economic forecast for Germany The Commission publishes a full set of macroeconomic forecasts for the EU and its Member States in spring (May) and autumn (November) and publishes interim forecasts updating GDP and inflation figures in winter (February) and summer (July). 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