Germany personal consumption expenditure

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Germany personal consumption expenditure are less than four point the US the most recent data which on 13th announces according to the German Federation Statistics bureau, the German every year's average per person personal consumption expenditure is only 17073 euros, are less than the US 1/4. The data demonstrated that since has deducted the bloating factor 2000 Germany's personal consumption expenditure only to grow 2.1%, but the US grows 14%. Because the personal expense are relatively few, it is also small in the German economy's proportion. since 2000, the German personal expense has occupied GDP the proportion even to have recedes, at present is 56.3%, but US's expense occupies compares reaches as high as above 70%. Some economists believed that the German personal expense for many years not obviously has grown, is mainly because Germany too pays great attention to export as well as the real wages grows causes slowly. German economic organ GfK expert Ralph · cloth Kerr indicated that since the American personal expense's swift growth besides has profited the economy is booming in 2000, but also receives the real estate froth the support. However, after the froth is disillusioned, in 2008 the German personal expense still grew 0.1%, but the US drops 0.6%. Cloth Kerr also indicated that in 2009 Germany's personal expense will be mainly decided by the labor market change, estimated that will be able to grow 0.5%.