Statista. Future employment growth in Germany, up to 2025 although small will be concentrated in business and other services. 10Y. "Germany: Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year)." Please authenticate by going to "My account" → "Administration". Quick Analysis with our professional Research Service: Show sources information Source: Cedefop skills forecasts (2015). 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. (billed annually). Most job opportunities in Germany will require medium-level qualifications (ISCED 97 levels 3 and 4) (Figure 4). Source: Cedefop skills forecasts (2015). Total employment data correspond to those reported in national accounts. 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 Profit from additional features by authenticating your Admin account. This level is included in the band of medium-level qualifications in Cedefop’s forecast. 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. Trend gross domestic product (GDP), including long-term baseline projections (up to 2060), in real terms. 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At the center of economic growth and increasing political influence will be Poland. "Germany: Growth Rate of The Real Gross Domestic Product (Gdp) from 2016 to 2026 (Compared to The Previous Year). 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. You only have access to basic statistics. Autumn 2016 Economic Forecast. Inflation stays in target range and interest rates low, while higher tax revenues help governments reduce debt. Cedefop’s forecasts give insights on job opportunities between now and 2025. Accessed May 11, 2021. https://www.statista.com/statistics/375203/gross-domestic-product-gdp-growth-rate-in-germany/, IMF. Source: Cedefop skills forecasts (2015). Figure 6 Labour force trends by qualifications, 2005-25, Germany (and EU) (%) Eurostat’s latest population projection (Europop 2013) for Germany reflects the current trends in fertility rates and net migration flows. Employment in Germany passed its pre-crisis 2008 level in 2010. Germany: Growth rate of the real gross domestic product (GDP) from 2016 to 2026 (compared to the previous year) [Graph]. 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. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. 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. 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. Figure 5 Changes in working age population and labour force by age, 2013-25, Germany (%) The calculation of job opportunities through expansion and replacement demand is a complex issue. 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. 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. and over 1 Mio. People with medium-level qualifications in 2025 will account for 60 % of the labour force, similar to the level in 2013. Although older and smaller, Germany’s labour force is becoming more highly qualified (Figure 6). ... overtaking the UK in 2025, Germany in 2027 and Japan in 2030," it said. However, there will be a significant number of job opportunities that will require high-level qualifications (ISCED 97 levels 5 and 6). “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. ... overtaking the UK in 2025, Germany in 2027 and Japan in 2030,” it said. In 2013, Germany’s unemployment rate was 5.3%, well below the European Union (EU) average of 11%. 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 … IMF. 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). Commission forecasts 2017 euro area growth of 1.5% and EU growth of 1.6% hindrances to growth and the weakening of supportive factors. Get Free Economic Indicators Charts, Historical Data and Forecasts for 196 Countries. "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. This indicator is measured in growth rates compared to previous year. 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. This is explained by older less-qualified people leaving and younger more highly-educated people entering the labour market. There are also some small differences in the projection of females in young age groups. "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." The CEBR forecasts that the Indian economy will expand by 9 per cent in 2021 and by 7 per cent in 2022. Such small difference especially in these specific age groups is not expected to affect the general patterns in the labour supply. Future labour supply trends depend mainly on demographics and the size of the working-age population (defined in the forecasts as people aged 15 and older), participation in the labour force (people in the working-age population either in or actively seeking work) and how quickly people acquire formal qualifications. 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. 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. Most employment growth will be in business and other services. Figure 2 Employment trends by sector, average annual growth rate, 2003-25, Germany (%) 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. Cedefop’s forecasts and their assumptions are regularly discussed with national experts. Values are given in millions of United States dollars (USD) and have not been adjusted for inflation. Trend gross domestic product (GDP), including long-term baseline projections (up to 2060), in real terms. 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. Figure 3 Distribution of total job opportunities by occupation, 2013-25, Germany and the EU (%) 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). Following the economic crisis in 2008, Germany’s GDP started to recover in 2011. German’s working-age population is forecast to fall by about 2% between now and 2025. Press release - AMA research & Media - New study: Dairy Protein market forecast to 2025 | Lactalis Ingredients ,Fonterra Co-operative Group Limited ,Royal … 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). 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. 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%. 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). Show publisher information, Gross domestic product (GDP) in Germany 2026, GDP growth forecast: Western Europe, U.S., U.K. and Germany 2010-2023. 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. Following the EU demographic trend, Germany’s population is getting older (Figure 5). $39 per month* y’s labour force with high-level qualifications should rise to 27.2% This is below the EU’s educational attainment benchmark of 40% by 2020. Most job opportunities, around 26%, will be for professionals. Register in seconds and access exclusive 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. Source: Cedefop skills forecasts (2015). This feature is limited to our corporate solutions. On current trends around 32% of 30 to 34 year-olds in Germany will have high-level qualifications by 2025. RUSSIA AS WE KNOW IT ‘WON’T EXIST’ The next decade will see Russia “seeking to secure itself” … 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. In the EU, the average, in 2013, was 11.9%. 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 The European Commission’s economic forecasts are considered as more optimistic than national forecasts. 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 … More than 27% of the labour force will have high-level qualifications, compared to 26% in 2013. 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. However, they add that national forecasts foresee faster growth in the supply of highly-qualified labour due to rising university entry rates. Cedefop’s forecasts use harmonised data and methodology for all countries covered to allow cross-country comparisons. Germany's economic prospects for 2020 are looking increasingly bleak, with the country's leading research institutes downgrading GDP (gross domestic product) forecasts for … This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. 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", 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. 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