German GDP increased by 3% in 2011- reported Federal Statistics Office. Although according to initial calculations in last quarter of 2011 German economy might have shrunk by 0.25%. Last year Germany exported 8.2% more goods and services than in 2010. Import grew by 7.2%.
German deficit was amounted to 26.7 billion euro that is only 1% GDP. That would mean that for the first time German economy will meet European deficit criteria, under 3% of GDP.
Federal Statistics Office will release official data about fourth quarter and revised all year GDP in next month.
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