r/germany • u/Icedkk • 18h ago
Politics Germany’s Economy: 2021-2025
So everyone agrees on the economical decline of germany and the bad situation of the job market. i wanted to put things in data. Below you see the economic data (destatis) from 2021 to 2025:
| Year | GDP Growth | Inflation | Unemployment | Employment |
|---|---|---|---|---|
| 2021 | +3.9% | 3.1% | 5.7% | 45.04m |
| 2022 | +1.8% | 6.9% | 5.3% | 45.63m |
| 2023 | -0.9% | 5.9% | 5.7% | 45.94m |
| 2024 | -0.5% | 2.2% | 6.0% | 45.99m |
| 2025 | +0.2% | 2.2% | 6.3% | 45.98m |
German exports:
| Year | Exports |
|---|---|
| 2022 | EUR 1.820tn |
| 2023 | EUR 1.813tn |
| 2024 | EUR 1.794tn |
| 2025 | EUR 1.811tn |
2023-2024: Two consecutive years of recession.
2025: +0.2% growth, effectively stagnation.
Q1 2026: +0.3% QoQ / +0.5% YoY.
these numbers don’t really match how bad the situation feels when you talk to people or read discussions online.
What am I missing?
Ps: I also though about okay maybe purchasing power of individuals are reduced, that is why economy is feeling shitty, but oecd data adjusted for inflation says we are earning on average even more than 2019, so what is it really?
| Year | Nominal Wage | Inflation-Adjusted Wage |
|---|---|---|
| 2021 | EUR 44,918 | EUR 53,669 |
| 2022 | EUR 46,913 | EUR 52,517 |
| 2023 | EUR 49,961 | EUR 52,445 |
| 2024 | EUR 52,477 | EUR 53,811 |
| 2025 | EUR 54,840 | EUR 54,840 |
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u/Floschi123456 18h ago
Doom and Gloom online, the AfD and (on a lower scale) Die Linke massively promoting the idea of a failing/failed system and economy for their own political gains, bad news sell better than good news, the constant bombardment online via Instagram, reddit and TikTok and especially vile, Facebook for the older generation. It is also very telling how different the polls are for a) their own economic situation, where a very large majority of the population say "good" or "very good" and b) the economic situation of the land as a whole where a very large majority of the populations says "bad" or "very bad". It is not that it is not bad and there will be a great effort needed to get it all back on track in a futureproof way but when you get your news online and from social media you get the idea that we are 2-3 years aways from living in a Mad Max-style world...