German economic growth has received in the past year, a shock. The gross domestic product (GDP) increased year-on-year by 1.5 percent, the Federal statistics office. In the years 2017 and 2016, the growth was 2.2 per cent.
Positive impulses for growth came in the past year, especially from the domestic market, as the statisticians explained. Private consumer spending rose by 1 percent, the government consumption expenditures of 1.1 percent. The increases were, however, markedly lower than in the previous three years. The investments increased according to the Figures, by 4.8 per cent and construction by 3 percent. Especially in the public civil engineering has invested significantly more money than 2017.
achieve At the same time, the German state budget for 2018 was a record surplus. The Federal government, Länder, municipalities and social insurance took, according to the Federal statistical office, together 59,2 billion euros more than they spent. This is the largest Surplus since reunification. Already for the fifth year in a row the Federal budget to the black.
reason for the positive development is the strong economy with record employment and rising wages. As a result, the state increased revenue by 4.7 percent, the government spending, by contrast, only 3.1 per cent. Low interest rates divisions in addition, billions in costs.
