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Economy of Germany vs Ukraine compared: GDP & Debt

Updated on by Georank

Germany has a GDP of $5.05T compared to $214B for Ukraine, ranking 3/197 and 57/197 by economy size, respectively.

Germany has $3.18T in government debt (62.9% of GDP), compared to $233B (108.7% of GDP) in Ukraine.

Germany vs Ukraine GDP by year

Germany
Ukraine
1x
Year GDP, current $
Germany Ukraine
2025 $5,050,922,925,047 $214,233,312,784
2024 $4,685,592,577,805 $190,833,835,445
2023 $4,562,207,532,490 $181,221,517,869
2022 $4,201,021,706,479 $161,989,520,721
2021 $4,355,251,953,411 $199,765,859,571
2020 $3,941,398,957,074 $156,617,722,013
2019 $3,959,894,794,039 $153,883,047,510
2018 $4,055,433,215,302 $130,891,088,294
2017 $3,765,351,626,106 $112,090,505,082
2016 $3,536,787,895,179 $93,355,869,404
2015 $3,425,099,578,746 $91,030,967,789
2014 $3,964,870,735,761 $133,503,871,862
2013 $3,807,023,797,051 $190,498,811,460
2012 $3,596,483,233,406 $182,591,753,828
2011 $3,823,575,803,794 $169,333,835,202
2010 $3,467,093,769,667 $141,209,170,427
2009 $3,478,545,516,684 $121,552,153,444
2008 $3,808,197,720,125 $188,110,390,660
2007 $3,484,056,680,855 $148,733,861,386
2006 $3,046,308,753,671 $111,884,752,475
2005 $2,893,393,187,362 $89,238,865,119
2004 $2,852,317,768,062 $67,220,154,164
2003 $2,534,715,518,349 $52,010,355,753
2002 $2,102,350,798,306 $43,956,163,612
2001 $1,966,381,496,642 $39,309,580,983
2000 $1,966,980,701,145 $32,375,083,935
1999 $2,213,873,468,587 $31,580,639,554
1998 $2,247,760,364,566 $41,882,523,345
1997 $2,218,790,886,533 $50,151,531,592
1996 $2,506,576,553,158 $44,558,831,005
1995 $2,593,053,091,306 $48,213,856,469
1994 $2,215,282,632,277 $52,549,580,265
1993 $2,078,954,217,438 $65,648,559,903
1992 $2,141,377,582,968 $73,945,908,384
1991 $1,875,792,575,133 $77,350,733,982
1990 $1,778,162,195,860 $81,393,558,423
1989 $1,404,092,925,205 $82,709,161,099
1988 $1,406,367,016,372 $74,703,517,903
1987 $1,302,932,318,825 $64,087,694,038
1986 $1,050,092,624,516 -
1985 $735,218,723,093 -
1984 $727,767,760,979 -
1983 $773,507,930,295 -
1982 $779,421,633,755 -
1981 $803,404,797,058 -
1980 $953,772,499,462 -
1979 $884,574,218,333 -
1978 $743,182,891,918 -
1977 $602,698,323,086 -
1976 $521,658,712,133 -
1975 $492,434,094,920 -
1974 $446,934,971,657 -
1973 $399,833,571,167 -
1972 $300,899,944,795 -
1971 $250,900,942,397 -
1970 $216,629,229,947 -
1969 $177,733,486,326 -
1968 $156,527,292,653 -
1967 $145,100,667,773 -
1966 $143,304,275,684 -
1965 $134,774,688,191 -
1964 $123,330,404,665 -
1963 $112,232,503,744 -
1962 $105,895,435,234 -
1961 $96,558,204,043 -
1960 $84,619,845,881 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/ukraine | CC BY

GDP per capita in Germany vs Ukraine by year

Germany
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Germany Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $60,496 - $5,496 -
2024 $56,104 $73,552 $5,040 $18,549
2023 $54,777 $71,684 $4,803 $17,665
2022 $50,507 $69,049 $3,946 $14,770
2021 $52,349 $62,531 $4,510 $17,846
2020 $47,395 $58,686 $3,505 $15,541
2019 $47,656 $59,271 $3,423 $14,217
2018 $48,916 $56,273 $2,895 $12,555
2017 $45,554 $54,110 $2,467 $11,536
2016 $42,949 $51,570 $2,047 $10,865
2015 $41,930 $48,545 $1,988 $9,922
2014 $48,960 $47,939 $2,904 $10,494
2013 $47,207 $45,889 $4,130 $10,904
2012 $44,718 $44,229 $3,951 $9,552
2011 $47,631 $43,398 $3,657 $9,127
2010 $42,397 $39,726 $3,040 $8,453
2009 $42,472 $37,574 $2,607 $7,995
2008 $46,379 $38,444 $4,018 $9,324
2007 $42,351 $36,914 $3,160 $8,900
2006 $36,980 $34,741 $2,366 $7,971
2005 $35,084 $32,314 $1,875 $7,142
2004 $34,567 $31,753 $1,401 $6,663
2003 $30,711 $30,301 $1,076 $5,764
2002 $25,487 $29,514 $903 $5,123
2001 $23,878 $28,674 $800 $4,747
2000 $23,926 $27,474 $653 $4,228
1999 $26,965 $26,518 $632 $3,871
1998 $27,396 $25,446 $831 $3,794
1997 $27,047 $24,649 $987 $3,794
1996 $30,600 $24,169 $870 $3,812
1995 $31,747 $23,631 $933 $4,124
1994 $27,202 $22,869 $1,009 $4,565
1993 $25,617 $21,900 $1,254 $5,766
1992 $26,560 $21,746 $1,413 $6,568
1991 $23,443 $21,001 $1,483 $7,148
1990 $22,386 $19,468 $1,564 $7,591
1989 $17,829 - $1,593 -
1988 $17,997 - $1,444 -
1987 $16,739 - $1,244 -
1986 $13,511 - - -
1985 $9,464 - - -
1984 $9,347 - - -
1983 $9,900 - - -
1982 $9,950 - - -
1981 $10,246 - - -
1980 $12,183 - - -
1979 $11,322 - - -
1978 $9,517 - - -
1977 $7,711 - - -
1976 $6,659 - - -
1975 $6,259 - - -
1974 $5,660 - - -
1973 $5,065 - - -
1972 $3,824 - - -
1971 $3,204 - - -
1970 $2,771 - - -
1969 $2,281 - - -
1968 $2,025 - - -
1967 $1,886 - - -
1966 $1,871 - - -
1965 $1,774 - - -
1964 $1,637 - - -
1963 $1,502 - - -
1962 $1,431 - - -
1961 $1,316 - - -
1960 $1,162 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/ukraine | CC BY

Germany's GDP per capita is $60,496, ranking 18/197, compared to $5,496 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Germany ranks 20th at $73,552, while Ukraine ranks 101st at $18,549.

Economic indicators

Germany Ukraine
Gross domestic product
$5.05T
2025
$214B
2025
GDP rank
3/197
2025
57/197
2025
GDP growth
0.24%
2024-2025
1.82%
2024-2025
GDP per capita
$60,496
2025
$5,496
2025
GDP per capita rank
18/197
2025
118/197
2025
GDP per capita, PPP
$73,552
2024
$18,549
2024
GDP per capita PPP rank
20/197
2024
101/197
2024
Government debt
$3.18T
2025
$233B
2025
Debt-to-GDP ratio
62.9%
2025
108.7%
2025
Government debt per person
$38,071
2025
$5,977
2025
Government debt per person rank
21/185
2025
76/185
2025
Average annual personal income after taxes
$40,352
2026
$5,580
2026
Market capitalization of domestic companies
$2.9T
2025
$4.42B
2018
Number of millionaires
2,648,000
2026
n/a
Number of billionaires
212
2026
7
2026
Income share by richest 10%
26.2%
2022
21.7%
2020
Income share by poorest 10%
2.3%
2022
4.3%
2020
Government expenditure, % of GDP
50.5%
2025
74.5%
2025
Consumer prices inflation
2.17%
2024-2025
12.7%
2024-2025
Central bank interest rate n/a
15.5%
2025
Unemployment rate
3.8%
2025
9.83%
2021
Population
82830814
40408451

Spending and national debt comparison by year

Germany
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Germany Ukraine
Government spending Government debt Government spending Government debt
2025 50.5% 62.9% 74.5% 108.7%
2024 49.4% 62.2% 71.2% 89.7%
2023 48.1% 62.3% 73.4% 81.2%
2022 48.6% 64.4% 65.4% 77.7%
2021 50.7% 67.9% 40.5% 48.9%
2020 51.1% 68% 45.6% 60.5%
2019 45.5% 58.7% 41.5% 50.5%
2018 44.7% 60.8% 41.9% 60.4%
2017 44.5% 64% 41.7% 71.6%
2016 44.7% 68.3% 40.8% 79.5%
2015 44.5% 71.2% 43% 79.3%
2014 44.5% 74.5% 44.8% 70.3%
2013 45.2% 77.5% 46.3% 39%
2012 45.1% 79.8% 47.1% 36.1%
2011 45.3% 78.5% 44% 35.5%
2010 48.1% 81% 47.3% 39.1%
2009 48.3% 72.4% 46.8% 34.1%
2008 44.4% 65.2% 45.4% 19.7%
2007 43.5% 63.7% 42.1% 11.8%
2006 45.3% 66.4% 42.9% 14.3%
2005 46.9% 67.1% 42.6% 17.1%
2004 47% 65% 40.1% 23.9%
2003 48.5% 63.3% 37.5% 28.3%
2002 48.2% 59.8% 36.5% 32.3%
2001 47.7% 58.1% 35.3% 35.3%
2000 48.1% 59.2% 35.4% 43.7%
1999 48.5% 60.3% 26.7% 61%
1998 48.3% 59.4% 38.4% 48.1%
1997 48.8% 58.8% 42.2% 29.9%
1996 49.6% 57.7% 38.2% 24.4%
1995 55.2% 54.9% 42.7% 30.2%
1994 48.3% 47.5% - -
1993 48.3% 45.1% - -
1992 47.4% 41.4% - -
1991 46.5% 39% - -
1990 44.7% 40.7% - -
1989 44.3% 39.2% - -
1988 45.6% 40.5% - -
1987 46% 40.1% - -
1986 45.7% 39.1% - -
1985 46.6% 39.2% - -
1984 47.2% 38.7% - -
1983 47.9% 38% - -
1982 49.1% 36.4% - -
1981 49% 33.6% - -
1980 48.2% 30.1% - -
1979 47.4% 28.2% - -
1978 47.7% 27.4% - -
1977 49% 26% - -
1976 49.4% 25.1% - -
1975 50.3% 23.7% - -
1974 46% 18.5% - -
1973 42.4% 17.3% - -
1972 41.8% 18% - -
1971 40.9% 17.7% - -
1970 39.5% 17.7% - -
1969 29.7% 20.3% - -
1968 28.5% 22.5% - -
1967 28.8% 22.5% - -
1966 28.3% 19.8% - -
1965 28.4% 18.7% - -
1964 29% 18.2% - -
1963 29.1% 18.1% - -
1962 29.2% 17.6% - -
1961 28.8% 18.7% - -
1960 22.9% 18.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

GeoRank.org/economy/germany/ukraine | CC BY

In 2025, Germany's government spending was $2.55T, accounting for 50.5% of its GDP, while Ukraine spent $160B, or 74.5% of GDP.

Debt-to-GDP ratio is 62.9% in Germany and 108.7% in Ukraine, ranking 70/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
Germany

Ukraine
1x
Year Deficit/surplus, % of GDP
Germany Ukraine
2025 -2.67% -23.3%
2024 -2.66% -17.2%
2023 -2.49% -19.3%
2022 -1.91% -15.6%
2021 -3.17% -3.97%
2020 -4.38% -5.92%
2019 1.33% -2.08%
2018 1.88% -2.12%
2017 1.34% -2.36%
2016 1.13% -2.46%
2015 0.91% -1.16%
2014 0.73% -4.46%
2013 0.12% -4.6%
2012 -0.05% -4.15%
2011 -0.84% -2.66%
2010 -4.42% -5.56%
2009 -3.18% -6.04%
2008 -0.26% -3.02%
2007 0.15% -1.89%
2006 -1.76% -1.31%
2005 -3.37% -2.19%
2004 -3.42% -4.25%
2003 -3.83% -0.86%
2002 -4.09% -1.77%
2001 -3.12% -2.92%
2000 -1.71% -3.18%
1999 -1.87% 5.12%
1998 -2.65% -2.78%
1997 -3.03% -5.56%
1996 -3.64% -3.2%
1995 -9.44% -4.88%
1994 -2.54% -
1993 -3.11% -
1992 -2.63% -
1991 -3.21% -
1990 -1.94% -
1989 0.08% -
1988 -2.02% -
1987 -1.85% -
1986 -1.18% -
1985 -1.18% -
1984 -2.04% -
1983 -2.95% -
1982 -3.56% -
1981 -4.03% -
1980 -3.02% -
1979 -2.71% -
1978 -2.62% -
1977 -2.56% -
1976 -3.5% -
1975 -5.78% -
1974 -1.69% -
1973 1.14% -
1972 -0.37% -
1971 0.16% -
1970 0.53% -
1969 -0.43% -
1968 1.39% -
1967 2.73% -
1966 1.76% -
1965 2.26% -
1964 1.49% -
1963 1.43% -
1962 0.49% -
1961 -0.12% -
1960 -0.34% -
1959 0.77% -
1958 1.77% -
1957 1.99% -
1956 0.59% -
1955 -1.41% -
1954 -0.37% -
1953 -0.13% -
1952 0% -
1951 1.15% -
1950 1.81% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -
1936 - -
1935 - -
1934 -0.64% -
1933 -0.43% -
1932 -1.11% -
1931 -1.03% -
1930 -1.52% -
1929 -0.9% -
1928 -1.47% -
1927 -0.44% -
1926 -1.3% -
1925 0.34% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.007% -
1912 -0.26% -
1911 0.06% -
1910 -0.21% -
1909 0.11% -
1908 -0.11% -
1907 -0.14% -
1906 0.76% -
1905 1.21% -
1904 0.41% -
1903 0.88% -
1902 0.08% -
1901 0.91% -
1900 0.27% -
1899 0.6% -
1898 0.47% -
1897 0.39% -
1896 0.63% -
1895 0.47% -
1894 0.44% -
1893 0.42% -
1892 -0.24% -
1891 1.18% -
1890 0.12% -
1889 1.16% -
1888 0.62% -
1887 0.88% -
1886 0.23% -
1885 0.21% -
1884 0.23% -
1883 0.55% -
1882 0.41% -
1881 0.12% -
1880 -0.13% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/ukraine | CC BY

In 2025, Germany's government deficit, the difference between spending and revenue, was $135B, equivalent to 2.67% of GDP. This compares to Ukraine's deficit of $50B, or 23.3% of GDP.

Over the past 31 years, Germany recorded a fiscal deficit in 23 of those years, while Ukraine ran a deficit in 30 years. On average, Germany posted an annual deficit equal to 1.95% of GDP, compared to deficit of 5.02% of GDP for Ukraine.

Inflation comparison by year

Inflation
Germany

Ukraine
1x
Year Consumer prices inflation
Germany Ukraine
2025 2.17% 12.7%
2024 2.26% 6.5%
2023 5.95% 12.9%
2022 6.87% 20.2%
2021 3.07% 9.4%
2020 0.14% 2.7%
2019 1.45% 7.9%
2018 1.73% 10.9%
2017 1.51% 14.4%
2016 0.49% 13.9%
2015 0.51% 48.7%
2014 0.91% 12.1%
2013 1.5% -0.3%
2012 2.01% 0.6%
2011 2.08% 8%
2010 1.1% 9.4%
2009 0.31% 15.9%
2008 2.63% 25.2%
2007 2.3% 12.8%
2006 1.58% 9.1%
2005 1.55% 13.5%
2004 1.67% 9%
2003 1.03% 5.2%
2002 1.42% 0.8%
2001 1.98% 12%
2000 1.44% 28.2%
1999 0.59% 22.7%
1998 0.91% 10.6%
1997 1.94% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/ukraine | CC BY

Over the past 29 years, Germany has recorded an average annual inflation rate of 1.83%, compared with 12.8% in Ukraine. In 2025, inflation was 2.17% in Germany and 12.7% in Ukraine.

Top exports between countries

Germany
Export category Export value
Machinery & equipment $4.7B
Miscellaneous $2.87B
Chemicals & pharma $1.1B
Raw materials & minerals $445M
Processed food, beverages & tobacco $400M
Textiles & consumer goods $337M
Metals $216M
Raw agricultural goods $143M
Wood & paper products $128M
Animal & marine products $96.1M
Ukraine
Export category Export value
Raw agricultural goods $982M
Machinery & equipment $519M
Textiles & consumer goods $277M
Transport & tourism services $260M
Metals $214M
IT & IP services $186M
Processed food, beverages & tobacco $186M
Manufacturing & construction services $153M
Wood & paper products $129M
Business & finance services $126M

Balance of trade

Germany Ukraine
Current account balance
$228B
2025
-$15.2B
2024
Current account balance ranking
2/190
2025
180/190
2024
Current account balance, % of GDP
+4.51%
2025
-7.96%
2024
Goods imports
$1.32T
2025
$72.3B
2024
Goods exports
$1.53T
2025
$39.3B
2024
Service imports
$602B
2025
$23.1B
2024
Service exports
$518B
2025
$17.3B
2024
Imports of goods and services, % of GDP
38.1%
2025
51.8%
2025
Exports of goods and services, % of GDP
40.4%
2025
25.3%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Germany Ukraine
Economic freedom 71.7 54.1
Economic freedom ranking 30/197 135/197
Property rights 95.5 21.6
Government integrity 84.5 35
Judicial effectiveness 94.6 28.2
Tax burden 60.5 83.7
Government spending 28.8 0
Fiscal health 83.1 3.9
Business freedom 79.8 57.4
Labor freedom 52.2 46.9
Monetary freedom 72.5 65.7
Trade freedom 79.4 73
Investment freedom 60 35
Financial freedom 70 30

Economic freedom comparison by year

Germany
Ukraine
1x
Year Economic freedom index
Germany Ukraine
2026 71.7 -
2025 71.6 -
2024 72.1 -
2023 73.7 -
2022 76.1 54.1
2021 72.5 56.2
2020 73.5 54.9
2019 73.5 52.3
2018 74.2 51.9
2017 73.8 48.1
2016 74.4 46.8
2015 73.8 46.9
2014 73.4 49.3
2013 72.8 46.3
2012 71 46.1
2011 71.8 45.8
2010 71.1 46.4
2009 70.5 48.8
2008 70.6 51
2007 70.8 51.5
2006 70.8 54.4
2005 68.1 55.8
2004 69.5 53.7
2003 69.7 51.1
2002 70.4 48.2
2001 69.5 48.5
2000 65.7 47.8
1999 65.6 43.7
1998 64.3 40.4
1997 67.5 43.5
1996 69.1 40.6
1995 69.8 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/germany/ukraine | CC BY

The Economic Freedom Index for Germany is 71.7, ranking 30/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Germany Ukraine
Services, % of GDP
64.5%
2025
61%
2025
Industry, % of GDP
25.2%
2025
17.9%
2025
Agriculture, forestry, and fishing, % of GDP
0.87%
2025
7.57%
2025
GNI, Atlas method
$5.03T
2025
$201B
2025
GNI per capita, PPP
$78,140
2025
$18,750
2025
Total reserves including gold
$572B
2025
$57.3B
2025
Total reserves ranking
7/177
2025
43/177
2025
Net foreign direct investment
$12.9B
2025
-$3.71B
2024
Net inflows of foreign direct investment
$62.6B
2024
$4.02B
2024
Net outflows of foreign direct investment
$87B
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.4%
2024
Poverty at national poverty lines
14.8%
2021
23.2%
2020
Gross capital formation, % of GDP
21.9%
2025
20.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/germany/ukraine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1991–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1996, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.