Annual Report 2010 - Verein der Kohlenimporteure eV

GERMANY
Strong GDP Growth of 3.6% in 2010
Germany overcame the global financial and economic
crisis more quickly and better than most other EU
Member States. Even the harsh start to the winter
during the fourth quarter of 2010 did not slow down the
upward trend. The German economy was increasingly
brighter after the disastrous slump during 2009.
Selected Key Data for Overall Economic
Development in Germany 1)
2009 2010
2011
Outlook
Change from Previous Year in %
Gross Domestic Product (price-adjusted) - 4.7 3.6 2.2
Employment (domestic) - 0.1 0.5 0.7
Unemployment Rate in % 2) GDP Split (price-adjusted)
8.2 7.7 7.0
Organisations
- 0.2 0.1 1.6
Manufacturing - 22.6 9.2 6.0
Construction - 1.5 4.2 1.8
Domestic Demand - 1.9 2.2 1.9
Exports - 14.3 15.5 6.7
Imports - 9.4 13.3 6.8
Trade Balance (GDP contribution to
growth) 3) - 2.9 1.6 0.3
1)
2)
3)
HT-D1 Source: Annual Economic Report 1/2011 of the Federal
Republic of Germany
Economic recovery in Germany was impressive. In
2010, gross domestic product grew by 3.6%. Experts
forecast that the economic situation will continue to
improve in 2011, although not as strongly as in the past.
GDP growth might reach 2.2%. According to expert
forecasts, production losses resulting from the crisis
will have been completely eliminated by the end of
2011.
Energy Consumption Increased With the
Economy and Cold Weather
Primary energy consumption in Germany increased
by approximately 22 million tonnes of coal equivalent
(Mtce) or 4.6% from 458 Mtce in 2009 to 480 Mtce
in 2010. Primary energy consumption in Germany
almost reached the level seen before the economic
slump. The positive economic development as well as
cooler weather were central to this sharp rise in energy
consumption. Energy-intensive industries benefitted
well from the good economic development compared
with the previous year.
PMJ from process industries grew as follows in 2010
compared with 2009:
Especially production also increased sharply in other
less energy-intensive industries:
As a result, the increase in energy consumption at 4.6%
was greater than that of gross domestic product (3.6%).
One reason for this was clearly the colder weather,
compared with 2009. Based on heating degree days,
the previous year. Without these temperatures, energy
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