German GDP and Export Growth

The graph below shows % changes in both GDP and exports on an annual basis between 1995 and 2006 (thanks again to Claus Vistesen). Again (and with a lag) GDP growth seems to follow movements in the growth in exports. It is also worthy of note how the rapid decline in the rate of export growth following the bust in the internet in 2001 is followed by a protracted period of low GDP growth.

(Please click over graph to see more clearly)