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Press release No.430 / 2009-11-13


Gross domestic product in 3rd quarter of 2009 increasing 0.7% on the previous quarter


WIESBADEN – 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.
 
When compared with a year earlier, however, the extent of the economic crisis is still obvious: The price-adjusted GDP fell by 4.7% (calendar-adjusted –4.8%) on the third quarter of 2008. The decrease was somewhat smaller than in the second quarter of 2009 (–7.0%, calendar-adjusted –5.8% on the same quarter a year earlier).
 
In a quarter-on-quarter comparison, when adjusted for price, seasonal and calendar variations, especially exports as well as capital formation in machinery and equipment and in construction had a positive impact on growth. However, a large quarter-on-quarter increase was also recorded for imports which, among other things, led to a build-up in inventories. Final consumption expenditure of households, however, was down and slowed down economic growth.
 
The economic performance in the third quarter of 2009 was achieved by 40.4 million persons in employment, which was a decrease of 81,000 persons or 0.2% on a year earlier.
 
In addition to the first calculation of data for the third quarter of 2009, the GDP results published so far for the first two quarters of 2009 were revised at the same time. This led to an upward revision of the GDP rate of change for the second quarter of 2009 by 0.1 percentage points.
 
The Federal Statistical Office will release more detailed results on 24 November 2009.

A long time series with quarterly results on the gross domestic product since the first quarter of 1970 is available at the Internet.

A brief methodological description is contained in the online version of this press release at www.destatis.de.
 
 
Gross domestic product
Price-adjusted, chain-linked
 
 
Unadjusted figures
Figures according to Census X-12-ARIMA
Seasonally and calendar adjusted
Calendar adjusted
Calendar effect
2000 = 100
% 1)
2000 = 100
% 2)
2000 = 100
% 1)
% 1)
1) Change on the same quarter of the preceding year in %.
2) Change on the previous quarter in %.
20061st quarter103.19 3.7104.38 0.9102.50 2.4 1.3
2nd quarter105.30 1.9105.92 1.5105.61 3.2–1.3
3rd quarter107.71 3.0106.89 0.9108.09 3.5–0.4
4th quarter108.86 4.0107.96 1.0108.95 4.3–0.2
20071st quarter106.81 3.5108.31 0.3106.41 3.8–0.3
2nd quarter107.97 2.5108.66 0.3108.34 2.6–0.0
3rd quarter110.32 2.4109.53 0.8110.76 2.5–0.0
4th quarter110.45 1.5109.68 0.1110.67 1.6–0.1
20081st quarter109.00 2.1111.42 1.6109.54 2.9–0.9
2nd quarter111.61 3.4110.79–0.6110.48 2.0 1.4
3rd quarter111.83 1.4110.44–0.3111.67 0.8 0.5
4th quarter108.58–1.7107.74–2.4108.71–1.8 0.1
20091st quarter102.01–6.4103.93–3.5102.22–6.7 0.3
2nd quarter103.79–7.0104.39 0.4104.10–5.8–1.3
3rd quarter106.52–4.7105.15 0.7106.30–4.8 0.1

 
Gross domestic product at current prices
 
Unadjusted figures
Seasonally and calendar adjusted figures according to
Census X-12-ARIMA
Euro billion
Change in % 1)
Euro billion
Change in % 2)
1) Change on the same quarter of the preceding year in %.
2) Change on the previous quarter in %.
20061st quarter559.90 4.1569.45 1.1
2nd quarter571.10 2.4579.18 1.7
3rd quarter590.30 3.5584.78 1.0
4th quarter603.80 4.8592.21 1.3
20071st quarter589.70 5.3601.12 1.5
2nd quarter596.70 4.5605.57 0.7
3rd quarter617.20 4.6611.61 1.0
4th quarter624.60 3.4613.42 0.3
20081st quarter609.70 3.4626.40 2.1
2nd quarter625.60 4.8626.26–0.0
3rd quarter634.40 2.8625.26–0.2
4th quarter626.10 0.2614.42–1.7
20091st quarter579.50–5.0593.40–3.4
2nd quarter589.60–5.8598.12 0.8
3rd quarter616.00–2.9606.83 1.5

 
For further information please contact:
National accounts info team,
tel: +49 611 75 2626,



 




For more details please refer to the German version.


Publisher:
© Federal Statistical Office of Germany
Press Office
Indication of source requested for distribution
Contact:
tel: (+49-611)75-3444
fax: (+49-611)75-3976
presse@destatis.de
www.destatis.de
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Version: 2.25.5 / 20.10.2008