Press releases by subject fields: national accounts
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German economy in a very robust condition in 2011
Press release
No.
010
/
2012-01-11
The German economy again grew strongly in 2011. The price-adjusted gross domestic product (GDP) increased by 3.0% compared with the previous year. This is shown by first calculations of the Federal Statistical Office (Destatis). Accordingly, the catching-up process of the German economy continued during the second year after the economic crisis. In the course of 2011, the price-adjusted GDP again exceeded its pre-crisis level. The economic recovery occurred mainly in the first half of 2011. In 2009, Germany experienced the most serious post-war recession, when GDP suffered a historic decline of 5.1%. The year 2010 was characterised by a rapid economic recovery (+3.7%).
Detailed results on the gross domestic product in the 3rd quarter of 2011
Press release
No.
435
/
2011-11-24
The German economy continues its growth trend. As reported by the Federal Statistical Office (Destatis) already in its first release of 15 November 2011, provisional results show that the gross domestic product (GDP) rose 0.5% – upon price, seasonal and calendar adjustment – in the third quarter of 2011 compared with the second quarter. Also, the result for the second quarter of 2011 has been corrected upwards to +0.3%.
Gross domestic product in 3rd quarter of 2011: upswing continues
Press release
No.
421
/
2011-11-15
The German economy continues its growth: In the third quarter of 2011, the gross domestic product (GDP) rose 0.5% – upon price, seasonal and calendar adjustment – on the second quarter. In addition, the result for the second quarter of 2011 has been corrected upwards to +0.3%, as reported by the Federal Statistical Office (Destatis) .
Government deficit ratio down to 0.6 % of gross domestic product in 1st half of 2011
Press release
No.
315
/
2011-09-01
The deficit ratio of general government amounted to 0.6 % in the first half of 2011 according to provisional results of national accounts of the Federal Statistical Office (Destatis). That has been the lowest deficit ratio since the first half of 2008. In the first half of 2010, it had been 3.1 % and in the second half of 2010 even 5.4 %. The current deficit ratio is calculated by the relation between net borrowing of general government (Euro 7.2 billion) and the gross domestic product at current prices (Euro 1,255.6 billion).
Detailed results on the gross domestic product in the 2nd quarter of 2011
Press release
No.
314
/
2011-09-01
The momentum with which the German economy started into 2011 has slowed down considerably. As reported by the Federal Statistical Office (Destatis) in its first release of 16 August 2011, provisional results show that the gross domestic product (GDP) rose only 0.1% – upon price, seasonal and calendar adjustment – in the second quarter of 2011 compared with the first quarter.
Gross domestic product growing just slightly in 2nd quarter of 2011
Press release
No.
297
/
2011-08-16
The momentum with which the German economy started into 2011 has slowed down considerably. In the second quarter of 2011, the gross domestic product (GDP) rose just 0.1% – upon price, seasonal and calendar adjustment – on the first quarter, as reported by the Federal Statistical Office (Destatis). The result for the first quarter of 2011 was slightly corrected downwards to +1.3%.
Detailed results on the gross domestic product in the 1st quarter of 2011
Press release
No.
197
/
2011-05-24
The German economy started into 2011 with momentum. As already reported by the Federal Statistical Office (Destatis ) in its first release of 13 May 2011, the gross domestic product (GDP) in the first quarter of 2011 rose 1.5% on the previous quarter upon price, seasonal and calendar adjustment. Hence the pre-crisis level of early 2008 has already been exceeded. In the fourth quarter of 2010, economic growth had been moderate (+0.4% on the third quarter of 2010), which however was in part due to the weather and, consequently, had a positive effect on the increase in the first quarter of 2011.
German economy starting into 2011 with momentum
Press release
No.
188
/
2011-05-13
The German economy is regaining pace. The gross domestic product (GDP) rose 1.5% – upon price, seasonal and calendar adjustment – in the first quarter of 2011 on the previous quarter, as reported by the Federal Statistical Office (Destatis). Hence the pre-crisis level of early 2008 has been exceeded already now. In the fourth quarter of 2010, economic growth had been moderate (+0.4% on the third quarter of 2010), which however was in part due to the weather and, consequently, had a positive effect on the increase in the first quarter of 2011.
Car purchases by households declining 16.7% in 2010
Press release
No.
103
/
2011-03-14
Households in Germany spent about Euro 61 billion on car purchases in 2010. As also reported by the Federal Statistical Office (Destatis), this was a decline of 16.7% on 2009. The total final consumption expenditure of households rose by 2.4% in 2010 on 2009. Not considering the purchases of cars, consumption expenditure of households would have been up 3.4% in purely mathematical terms.
Government deficit ratio for 2010 amounting to 3.3%
Press release
No.
075
/
2011-02-24
Net borrowing of general government amounted to Euro 82.0 billion in Germany in 2010. As further reported by the Federal Statistical Office (Destatis) on the basis of updated results, the government deficit ratio was 3.3% in 2010 when measured as a percentage of gross domestic product at current prices (Euro 2,498.8 billion). These data are based on the definitions of the European System of Accounts (ESA) 1995.
Detailed results on the gross domestic product in the 4th quarter of 2010
Press release
No.
074
/
2011-02-24
The upturn of the German economy slightly slowed down towards the end of 2010. As already reported by the Federal Statistical Office (Destatis) in its first release of 15 February 2011, the gross domestic product (GDP) in the fourth quarter of 2010 rose 0.4% on the previous quarter upon price, seasonal and calendar adjustment.
Gross domestic product growing moderately in 4th quarter of 2010
Press release
No.
061
/
2011-02-15
The upswing of the German economy continued at the end of 2010, though at a slightly slower pace. The gross domestic product (GDP) rose 0.4% – upon price, seasonal and calendar adjustment – in the fourth quarter of 2010 on the third quarter. As further reported by the Federal Statistical Office (Destatis), the German economy grew 3.6% (calendar-adjusted: 3.5%) over the entire year of 2010. That corresponds to the first calculation of January this year.
Gross fixed capital formation in construction: strongest growth for four years in 2010
Press release
No.
022
/
2011-01-19
Gross fixed capital formation in construction showed a significant rise in Germany in 2010. As reported by the Federal Statistical Office (Destatis) on the basis of provisional national accounts calculations, gross fixed capital formation in construction increased by 2.8% in price-adjusted terms in 2010 from the previous year. In the crisis year 2009, it had decreased by 1.5% compared with 2008. Despite unfavourable weather conditions at the beginning and end of 2010, gross fixed capital formation in construction thus enjoyed its strongest growth since 2006.
German economy in 2010: rapid upturn after the crisis
Press release
No.
010
/
2011-01-12
The German economy grew again strongly in 2010. With +3.6%, the increase in the price-adjusted gross domestic product (GDP) was larger than ever since German reunification. This is shown by first calculations of the Federal Statistical Office (Destatis). The economic recovery occurred mainly in spring and summer of 2010. A year earlier, Germany had still experienced the most serious recession since World War II: The price-adjusted GDP slumped heavily by 4.7% in 2009.
Detailed results on the gross domestic product in the 3rd quarter of 2010
Press release
No.
431
/
2010-11-23
As already reported by the Federal Statistical Office (Destatis) in its first release of 12 November 2010, provisional results show that the gross domestic product (GDP) in the third quarter of 2010 was 0.7% higher upon price, seasonal and calendar adjustment than in the second quarter 2010. Hence the upturn of the German economy continued, though at a slightly slower pace, as had been expected considering the record result of the second quarter.
Economic upturn continues in 3rd quarter of 2010
Press release
No.
412
/
2010-11-12
The German economy continues its recovery: A 0.7% growth was recorded for the gross domestic product (GDP) – upon price, seasonal and calendar adjustment – in the third quarter of 2010 on the second quarter, as was reported by the Federal Statistical Office (Destatis ). In addition, the results for the first two quarters of 2010 were slightly corrected upwards again, now reaching +0.6% and +2.3%, respectively. Hence the upturn of the German economy continued, though at a slightly slower pace, as had been expected considering the record result of the second quarter.
Germans putting some more money aside
Press release
No.
396
/
2010-10-29
As reported by the Federal Statistical Office (Destatis) on the occasion of the World Savings Day on 29 October, the savings ratio of households amounted to a seasonally adjusted 11.5% of their disposable income in the first six months of this year. In the same period a year earlier, the savings ratio amounted to 11.2%. In the first half of 2008 – that is before the financial and economic crisis –the ratio was even 11.6%
General government deficit of EUR 42.8 billion in first half of 2010
Press release
No.
294
/
2010-08-24
According to provisional national accounting results of the Federal Statistical Office (Destatis), net borrowing of general government in the first half of 2010 amounted to EUR 42.8 billion. Hence the deficit in the first half of 2010 was twice that of the first half of 2009 (EUR 18.7 billion). With some time lag, the impact of the economic and financial crisis and of the relevant government measures taken to support the economy and the financial markets is clearly reflected now in the budgets of the central, state and local government as well as the social security funds. Measured by the gross domestic product at current prices (EUR 1,211.7 billion), a deficit ratio of –3.5% was calculated from net borrowing for the first half of 2010.
Detailed results on the gross domestic product in the 2nd quarter of 2010
Press release
No.
293
/
2010-08-24
As already reported by the Federal Statistical Office (Destatis) in its first release of 13 August 2010, provisional results show that the gross domestic product (GDP) in the second quarter of 2010 was 2.2% higher upon price, seasonal and calendar adjustment than in the first quarter of 2010. Such a strong quarter-on-quarter growth has never been observed before in reunified Germany.
Record increase in gross domestic product in the 2nd quarter of 2010
Press release
No.
284
/
2010-08-13
The German economy is recovering rapidly: As reported by the Federal Statistical Office (Destatis), the gross domestic product (GDP) rose by 2.2% in the second quarter of 2010 on the previous quarter upon price, seasonal and calendar adjustment. Such a quarter-on-quarter growth has never been recorded before in reunified Germany. At the same time, the result for the first quarter of 2010 was revised substantially upwards, now showing a 0.5% increase. Hence the recovery of the German economy, which lost momentum at the turn of 2009/2010, is really back on track.
Detailed results on the gross domestic product in the 1st quarter of 2010
Press release
No.
181
/
2010-05-21
As reported by the Federal Statistical Office (Destatis) already in its first release of 12 May 2010, the gross domestic product (GDP) in the first quarter of 2010 rose 0.2% on the previous quarter, upon price, seasonal and calendar adjustment. At the same time, the result for the fourth quarter of 2009 was slightly corrected upwards, now also showing a 0.2% increase. Although the upward movement observed for the economy in the second quarter of 2009 (+0.4%) and the third quarter of 2009 (+0.7%) slightly slowed down, it continued despite the relatively cold and long winter.
Gross domestic product slightly up in 1st quarter of 2010
Press release
No.
170
/
2010-05-12
The German economy is slow in gaining momentum: As reported by the Federal Statistical Office (Destatis), the gross domestic product (GDP) in the first quarter of 2010 rose by 0.2% on the previous quarter upon price, seasonal and calendar adjustment. At the same time, the result for the fourth quarter of 2009 was slightly corrected upwards, now also showing a 0.2% increase. Although the upward trend observed for the German economy in the second (+0.4%) and third quarter of 2009 (+0.7%) slightly slowed down, it continued despite the relatively cold and long winter.
Increase in household final consumption expenditure due to green rebate for cars in 2009
Press release
No.
099
/
2010-03-12
Purchases of motor vehicles, which were promoted by a green rebate, made a considerable contribution to domestic demand in Germany in 2009. As reported by the Federal Statistical Office (Destatis), households in Germany spent some Euro 73 billion on purchasing new or used motor vehicles. Compared to 2008, this was an increase of one fifth (20.5%). The total final consumption expenditure of households rose slightly by 0.4% in 2009 on 2008. Without the purchases of motor vehicles, household final consumption expenditure would have been down by 0.5% in purely mathematical terms.
2009: Gross earnings falling for the first time since the Federal Republic of Germany was founded
Press release
No.
074
/
2010-03-03
According to first results produced by national accounting at the Federal Statistical Office (Destatis), average gross earnings of all employees in Germany fell by –0.4% to about Euro 27,648 in 2009. This is the first decline of earnings in the history of the Federal Republic of Germany.
Government deficit ratio for 2009 amounting to 3.3%
Press release
No.
062
/
2010-02-24
According to updated results of the Federal Statistical Office (Destatis), net borrowing of general government amounted to Euro 79.3 billion in 2009. Measured as a percentage of gross domestic product at current prices (Euro 2,407.2 billion), a general government ratio of –3.3% was calculated for 2009. These data are based on the definitions of the European System of Accounts (ESA) 1995.
Detailed results on the economic performance in the 4th quarter of 2009
Press release
No.
061
/
2010-02-24
As reported by the Federal Statistical Office (Destatis) already in its first release of 12 February 2010, the gross domestic product (GDP) in the fourth quarter of 2009 stagnated at previous quarter’s level (+0.0%), upon adjustment for price, seasonal and calendar effects. Hence the slight upward trend observed for the economy in the second (+0.4%) and third quarter of 2009 (+0.7%) did not continue.
Gross domestic product in 4th quarter of 2009 stagnant compared with previous quarter
Press release
No.
050
/
2010-02-12
The recovery of the German economy lost momentum at the end of 2009: As reported by the Federal Statistical Office (Destatis), the gross domestic product (GDP) in the fourth quarter of 2009 stagnated at previous quarter’s level (+0.0%) upon price, seasonal and calendar adjustment. Hence the slight upward trend of the economy observed in the second (+0.4%) and third quarter of 2009 (+0.7%) did not continue.
Germany experiencing serious recession in 2009
Press release
No.
012
/
2010-01-13
The German economy shrank in 2009 for the first time in six years. With –5.0%, the decline in the price-adjusted gross domestic product (GDP) was larger than ever since World War II. This is shown by first calculations of the Federal Statistical Office (Destatis). The economic slump occurred mainly in the winter half-year of 2008/2009. Over the year, there were signs that the economic development would slightly stabilise on the new, lower level. In 2008 the GDP had slightly been up by 1.3%, in 2007 by 2.5% and in 2006 even by 3.2%.
Detailed results on the economic performance in the 3rd quarter of 2009
Press release
No.
445
/
2009-11-24
As reported by the Federal Statistical Office (Destatis) already in its first release on 13 November 2009, the gross domestic product (GDP) in the third quarter of 2009 was 0.7% higher than in the previous quarter, upon adjustment for price, seasonal and calendar effects. Hence the slight upward trend observed in the second quarter (+0.4%) seems to continue: The German economy continues its recovery following the heavy slump in the winter half-year.
Gross domestic product in 3rd quarter of 2009 increasing 0.7% on the previous quarter
Press release
No.
430
/
2009-11-13
The German economy continues to recover: As reported by the Federal Statistical Office (Destatis), the gross domestic product (GDP) in the third quarter of 2009 increased by 0.7% on the previous quarter upon price, seasonal and calendar adjustment. Following the heavy slump in the winter half-year, the slight upward trend of the economy observed in the second quarter (+0.4%) seems to continue.
1st half of 2009: Savings ratio unchanged from a year earlier (11.2%)
Press release
No.
410
/
2009-10-29
As reported by the Federal Statistical Office on the occasion of the World Savings Day on 30 October, the savings ratio of all households amounted to a seasonally adjusted 11.2% of their disposable income in the first six months of this year. A monthly average of EUR 180 was put aside per inhabitant, which was the same amount as in the previous year. The total saved by all households in the first half of 2008 amounted to EUR 89 billion.
Financial market stabilisation putting a EUR 3.3 billion burden on net lending/net borrowing balance of general government in 2008
Press release
No.
402
/
2009-10-22
As reported by the Federal Statistical Office, the stabilisation measures taken by the government to support financial institutes put a burden of EUR 3.3 billion on the balance of net lending/net borrowing of general government, as defined in national accounts, in 2008. Expenditure was influenced especially by government support in the form of new capital injection (about EUR 2.2 billion) and compensation for impaired assets (about EUR 1.5 billion). On the other side, there was revenue from charges and capital transfers received (private business participating in the support measures) to the amount of some EUR 350 million.
Average age of government buildings and structures increasing above average
Press release
No.
342
/
2009-09-11
As reported by the Federal Statistical Office (Destatis), the average age of government buildings and structures increased above average over the last few years. At the beginning of 1991, the age of public buildings and structures was an average 22 years, while at the beginning of 2009 it was 28 years. Hence their average age rose by about six years in the period examined. Over the same period, the increase in the average age of all buildings and structures in Germany was only half that, from just under 24 years to just under 27 years.
Stock of consumer durables in households amounting to nearly EUR one trillion
Press release
No.
325
/
2009-09-03
As reported by the Federal Statistical Office (Destatis) on the basis of national accounting results, households in Germany had consumer durables to the amount of almost EUR one trillion at the beginning of 2009. That was an average EUR 23,500 per household. Vehicles account for over one third of the stock of consumer durables, furniture and carpets for another third. The remaining stock of consumer durables comprises major electric household appliances, audiovisual, photographic and computer equipment as well as goods for communication, health, entertainment and leisure, jewellery, clocks and watches. Not contained are gold bars, coins, antiques and similar goods including part of jewellery used mainly as a store of value rather than as consumer durables.
Increase in household final consumption expenditure due to green rebate for cars
Press release
No.
316
/
2009-08-27
Households in Germany spent some EUR 36 billion on purchases of motor vehicles in the first half of 2009.
General government deficit amounting to EUR 17.3 billion in the first half of 2009
Press release
No.
311
/
2009-08-25
According to provisional data of the Federal Statistical Office (Destatis), net borrowing of general government amounted to EUR 17.3 billion in the first half of 2009. After a general government surplus of just over EUR 7 billion was recorded in the same period a year earlier, the economic and financial crisis had a substantial effect on the budgets of the Federation, Länder and municipalities and also on the social insurance budget. For the first time since 2004, a decline of 1.1% was observed in revenue, while general government expenditure increased 3.5% in the first six months of 2009.
Detailed results on the economic performance in the 2nd quarter of 2009
Press release
No.
310
/
2009-08-25
As reported by the Federal Statistical Office (Destatis) already in its first release on 13 August 2009, the gross domestic product (GDP) in the second quarter of 2009 was 0.3% higher than in the first three months of the year, upon adjustment for price, seasonal and calendar effects. Hence the German economy grew slightly for the first time again, following four quarter-on-quarter decreases in a row.
Gross domestic product increasing 0.3% in the 2nd quarter of 2009 on the previous quarter
Press release
No.
298
/
2009-08-13
As reported by the Federal Statistical Office (Destatis), the German economy expanded slightly in the second quarter of 2009 for the first time since the first quarter of 2008. Upon adjustment for price, seasonal and calendar variations, the gross domestic product increased 0.3% in the second quarter of 2009 on the previous quarter.
Detailed results of the economic performance in the 1st quarter of 2009
Press release
No.
197
/
2009-05-26
As reported by the Federal Statistical Office (Destatis) already in its first release on 15 May 2009, Germany's economic performance declined against one quarter earlier for the fourth time in a row in the first three months of 2009. The gross domestic product (GDP) was 3.8% lower than in the fourth quarter of 2008, upon adjustment for price, seasonal and calendar effects. From October to December 2008, the German economy had already contracted by 2.2%, and in the second and third quarters of 2008 by 0.5%, respectively.
Gross domestic product falling sharply in 1st quarter of 2009
Press release
No.
185
/
2009-05-15
As reported by the Federal Statistical Office (Destatis), the downward trend of the German economy accelerated in the first quarter of 2009. The gross domestic product (GDP) was by 3.8% smaller in the first quarter of 2009 on the last quarter of 2008 upon price, seasonal and calendar adjustment. The GDP thus decreased on the previous quarter for the fourth time in a row, recording in the first quarter of 2009 the largest decrease since official quarterly results were calculated and published for the first time in 1970.
Importance of the industry nearly unchanged over the past 15 years
Press release
No.
146
/
2009-04-15
As reported by the Federal Statistical Office (Destatis) on the occasion of the Hanover trade fair taking place from 20 to 24 April 2009, the German industry (manufacturing) has maintained is share in Germany’s gross domestic product over the past 15 years.
By the end of 2008, the crisis had affected much of the world economy
Press release
No.
133
/
2009-04-01
In the fourth quarter of last year, the economic situation deteriorated markedly in many parts of the world. As reported by the Federal Statistical Office (Destatis) on the occasion of the coming summit of the group of the 20 leading developed and emerging economies (G20), the price-adjusted gross domestic product of many G20 countries in the fourth quarter of 2008 was smaller than in the fourth quarter of 2007. In all countries for which figures for the last quarter of 2008 were available, the year-on-year rates of change were markedly below those of the previous quarters.
2008: Reduction of overtime hours and short-time work have downward effect on increase in earnings
Press release
No.
103
/
2009-03-19
According to first national accounting results of the Federal Statistical Office (Destatis), average gross earnings of all employees in Germanyrose 2.3% to EUR 27,754 in 2008. Hence the increase in earnings was slightly below the inflation rate of 2.6%.
Consumption expenditure in Germany much lower than in the United States of America
Press release
No.
098
/
2009-03-13
As reported by the Federal Statistical Office (Destatis) on the occasion of the International Consumer Day on 15 March, the level of average consumption expenditure in Germanyis considerably lower than in the United States of America. Expenditures were EUR 17 073 per inhabitant in Germanyin 2008 compared with EUR 22 457 in the United States.
General government recording a deficit of EUR 3.3 billion in 2008
Press release
No.
062
/
2009-02-25
According to provisional national account data of the Federal Statistical Office (Destatis), net borrowing of general government amounted to EUR 3.3 billion in 2008. That amount is calculated as the difference between revenue (EUR 1,091.1 billion) and expenditure (EUR 1,094.4 billion) of general government. When broken down by the government levels, the deficit of the Federation was EUR 15.8 billion and that of the Länder EUR 3.6 billion. In contrast to that, the municipalities (EUR 8.4 billion) and social insurance (EUR 7.7 billion) recorded considerable surpluses in 2008. When put in relation to the gross domestic product at current prices (EUR 2,492.0 billion), a deficit ratio of general government of –0.1% is obtained for 2008.
Detailed results on the economic performance in the 4th quarter of 2008
Press release
No.
061
/
2009-02-25
As reported by the Federal Statistical Office (Destatis) already in its first release on 13 February 2009, the German economy declined markedly in the fourth quarter of 2008. The gross domestic product (GDP) was by 2.1% lower than in the third quarter of 2008, upon adjustment for price, seasonal and calendar effects. Hence, the German economy experienced a decline for the third consecutive time when compared with the previous quarter. The German gross domestic product grew only in the first three months of 2008 (+1.5%).
First release of data on the economic performance in the 4th quarter of 2008
Press release
No.
051
/
2009-02-13
The German economic performance decreased markedly in the fourth quarter of 2008: The gross domestic product (GDP) was by 2.1% smaller in the fourth quarter of 2008 on the third quarter upon price, seasonal and calendar adjustment. That was the largest quarter-on-quarter decrease ever recorded in united Germany. Decreasing economic trends were observed already in the previous two quarters when the GDP was down by 0.5% each. Only in the first three months of 2008, the German economy grew (+1.5%).
Only moderate growth of the German economy in 2008
Press release
No.
016
/
2009-01-14
German economic growth in 2008 was considerably weaker than in the two preceding years. According to provisional calculations of the Federal Statistical Office (Destatis), the price-adjusted gross domestic product (GDP) rose by 1.3% on the previous year. In 2007, GDP still grew by 2.5%, and in 2006 by 3.0%.
Detailed results on the economic performance in the 3rd quarter of 2008
Press release
No.
443
/
2008-11-25
As reported by the Federal Statistical Office (Destatis) already in its first release on 13 November 2008, the gross domestic product (GDP) in the third quarter of 2008 was by 0.5% lower – upon price, seasonal and calendar adjustment – than in the second quarter of the year. In the first quarter of 2008, the economic performance was up by 1.4% in a quarter-on-quarter comparison, while it was down by 0.4% in the second quarter.
First release of data on the economic performance in the 3rd quarter of 2008
Press release
No.
423
/
2008-11-13
The declining trend of the German economy which had become apparent continued in the third quarter of 2008: As reported by the Federal Statistical Office (Destatis), the gross domestic product (GDP) was down 0.5% in the third quarter on the second quarter of 2008 upon price, seasonal and calendar adjustment. In the first quarter of 2008, the economic performance was up 1.4%, while it was down 0.4% in the second quarter. The GDP measures the value of the economic performance in the domestic territory
