Real effective exchange rate (REER), Index (2010=100) Adjusted by in Germany

Germany: Real effective exchange rate (REER), Index (2010=100) Adjusted by was 103.49 in 2025. ▼ Falling

Latest (2025)
103.49
Change on year
up 1.8%
World rank
8th
of 24 countries
All-time high
114.46
in 1995
All-time low
90.53
in 1991
Years of data
36
1990–2025

Real effective exchange rate (REER), Index (2010=100) Adjusted by in Germany, 1990–2025

02550751001251990200720251990: 92.11991: 90.51992: 98.31993: 103.71994: 103.61995: 114.51996: 1131997: 104.31998: 105.71999: 104.32000: 97.62001: 96.42002: 98.52003: 102.52004: 102.62005: 99.12006: 95.42007: 95.92008: 99.82009: 101.72010: 1002011: 96.12012: 962013: 101.12014: 99.42015: 95.52016: 94.52017: 95.52018: 98.42019: 992020: 1002021: 95.32022: 91.12023: 95.92024: 101.62025: 103.5

Source: International Monetary Fund.

Analysis

Germany recorded 103.49 for real effective exchange rate (reer), index (2010=100) adjusted by in 2025.

That represents a change of up 1.8% on the previous year and up 8.4% over ten years.

Over the whole period, real effective exchange rate (reer), index (2010=100) adjusted by in Germany peaked at 114.46 in 1995 and was at its lowest, 90.53, in 1991.

Germany ranks 8th of 24 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 36 years of available data.

Real effective exchange rate (REER), Index (2010=100) Adjusted by in Germany, year by year

Annual values for Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only) in Germany, 1990 to 2025.
Year Value Change
1990 92.07
1991 90.53 -1.7%
1992 98.35 +8.6%
1993 103.71 +5.4%
1994 103.63 -0.1%
1995 114.46 +10.4%
1996 113.05 -1.2%
1997 104.25 -7.8%
1998 105.69 +1.4%
1999 104.28 -1.3%
2000 97.63 -6.4%
2001 96.38 -1.3%
2002 98.55 +2.2%
2003 102.47 +4.0%
2004 102.56 +0.1%
2005 99.12 -3.4%
2006 95.43 -3.7%
2007 95.88 +0.5%
2008 99.78 +4.1%
2009 101.66 +1.9%
2010 100 -1.6%
2011 96.12 -3.9%
2012 96.04 -0.1%
2013 101.14 +5.3%
2014 99.36 -1.8%
2015 95.46 -3.9%
2016 94.48 -1.0%
2017 95.49 +1.1%
2018 98.42 +3.1%
2019 99 +0.6%
2020 99.95 +1.0%
2021 95.29 -4.7%
2022 91.13 -4.4%
2023 95.94 +5.3%
2024 101.64 +5.9%
2025 103.49 +1.8%

Averages by decade

DecadeAverage LowestHighest Years
1990s 103 90.53 114.46 10
2000s 98.95 95.43 102.56 10
2010s 97.55 94.48 101.14 10
2020s 97.91 91.13 103.49 6

Countries ranked near Germany

  1. 5 United Kingdom of Great Britain and Northern Ireland 113.41 compare
  2. 6 Austria 109.7 compare
  3. 7 Finland 108.62 compare
  4. 9 Belgium 103.27 compare
  5. 10 Italy 103.01 compare
  6. 11 New Zealand 98.52 compare

See the full ranking of 25 places →

More work & labour data for Germany

All data for Germany →

Frequently asked questions

What is real effective exchange rate (reer), index (2010=100) adjusted by in Germany?
Real effective exchange rate (reer), index (2010=100) adjusted by in Germany was 103.49 in 2025, according to International Monetary Fund.
What is the highest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Germany?
The highest recorded value was 114.46 in 1995.
What is the lowest real effective exchange rate (reer), index (2010=100) adjusted by recorded in Germany?
The lowest recorded value was 90.53 in 1991.
How does Germany rank for real effective exchange rate (reer), index (2010=100) adjusted by?
Germany ranks 8th out of 24 countries with data for 2025.
Is real effective exchange rate (reer), index (2010=100) adjusted by rising or falling in Germany?
Over the last ten years it is up 8.4%. The long-run trend across the full record is falling.
Where does this Germany data come from?
The figures come from International Monetary Fund, published as part of Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only). Statizoid updates them automatically from the source API.

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Real effective exchange rate (REER), Index (2010=100) Adjusted by in Germany. Statizoid, drawing on International Monetary Fund. Retrieved 26 August 2026, from https://labour.statizoid.com/stat/real-effective-exchange-rate-reer-index-2010-100-adjusted-by-relative-unit-labor-costs/germany/

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About this data

Indicator
Real effective exchange rate (REER), Index (2010=100) Adjusted by relative unit labor costs (advanced economies only)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
25 places, 900 data points, 1990–2025
Last refreshed

The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).