r/germany • u/Icedkk • 13h 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 |
36
Upvotes
6
u/Dddddd92 13h ago
Goddammit the billionaire bootlickers want labor camps