---
title: Germany’s Dax index ended the year 2024 with a 18.85% gain after 20.3% rally in 2023
description: "meaning the German benchmark index concluded its biggest 2-year run in more than a decade, even though Germany's GDP shrank in 2023 and probably also in 2024. \n👉 SAP, Siemens Energy and Rheinmetall are among top performers. \n👉 Chinese competition and lagging demand weigh on automakers. \n\nSource: Bloomberg, HolgerZ"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Germany’s Dax index ended the year 2024 with a 18.85% gain after 20.3% rally in 2023](https://blog.syzgroup.com/syz-the-moment/germanys-dax-index-ended-the-year-2024-with-a-18.85-gain-after-20.3-rally-in-2023)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Dec 31, 2024, 4:13:49 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/germanys-dax-index-ended-the-year-2024-with-a-18.85-gain-after-20.3-rally-in-2023)

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