The relatively strong economic growth momentum of the German economy continued with 2.5% growth in Q2, as most of the components of aggregate demand improved.

Germany’s bright economic outlook is being fueled by a relatively weak euro, a tight labor market, and strong consumer confidence. Working together they are boosting exports as well as consumer spending.

In addition, Germany earned a trade surplus last year which stood at almost $297bn (US), the world’s largest.

In contrast, China’s trade surplus was a mere $196bn.

Germany's current account surplus (trade plus income flows) has kept growing even as the two nations perhaps most famous for their surpluses -- China and Japan -- have seen theirs shrink.

Last year, Germany current account surplus was a massive 8.6% of its GDP.  It is often argued that Germany’s huge current account surplus has contributed to an unbalancing in world trade, a serious concern even recognized by Donald Trump.

German GDP is projected to expand 2.2% in 2017 and 2.1% in 2018. Germany’s economy expanded 1.9% last year.

Germany’s Year Over Year (Annual) GDP Growth Rate