Description
Germany Real Gross Domestic Product (GDP) in US Dollars is compiled and released by the Federal Statistical Office of Germany (Destatis). This indicator measures the value of all goods and services produced in Germany, adjusted for inflation and converted to US dollars for international comparison. It is a key indicator of economic performance and health. A higher GDP figure indicates economic growth, while a lower GDP may suggest economic troubles.
Real GDP is calculated by adjusting Nominal GDP for inflation using the GDP deflator. It comprises the total market value of all final goods and services produced within a country in a given period, usually a quarter or a year.
The data is updated quarterly, with a preliminary estimate released around 30 days after the end of the quarter and a final estimate available approximately 60 days after the quarter's end.