Jump to navigation (Accesskey n) Jump to content (Accesskey c)
Navigation:
Maximize content (Accesskey 3)

Press release No.284 / 2010-08-13


Record increase in gross domestic product in the 2nd quarter of 2010


WIESBADEN – 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.

When compared with a year earlier, the gross domestic product increased considerably, too: The price-adjusted GDP was up by 4.1% in the second quarter of 2010 on the second quarter of 2009 (calendar-adjusted: +3.7%).

In a quarter-on-quarter comparison (upon price, seasonal and calendar adjustment), both domestic and foreign demand made a positive contribution to growth. The dynamic trends observed in capital formation and foreign trade contributed most strongly to the positive development. However, household and government final consumption expenditure contributed to GDP growth, too.

The economic performance in the second quarter of 2010 was achieved by 40.3 million persons in employment in the domestic territory. That was an increase of 72,000 persons or 0.2% on a year earlier.

In addition to the first calculation of data for the second quarter, the results published so far for the last four years (from 2006) were revised at the same time, as is the case every year in August (revision of the seasonally and calendar-adjusted results from 1991).
 
The current recalculation resulted in rates of change of the unadjusted annual and quarterly GDP figures which differ from the previously published results by up to 0.4 percentage points. The rates of change of the seasonally and calendar-adjusted results were revised by up to 0.3 percentage points, too. In particular the GDP change rates for the individual quarters and the year 2008, for which results of annual basic statistics became available for the first time, were in part substantially revised downwards. As regards the 2009 year of crisis, however, the development was more favourable than indicated by the previously published figures (see annexed table). The comparatively large revisions are attributable to recently strong fluctuations in the short-term economic development, which have made estimations at the most recent end of the time series more difficult.
Such continuous revisions are carried out routinely to integrate newly available statistical information into the calculations. Hence, the GDP calculation is successively put on an ever better founded statistical data basis. The complete basic statistics required for a “final” calculation of national accounting results are available after four years at the latest, so that only then are the results final and do no longer have to be revised on a regular basis.

The Federal Statistical Office will release more detailed results on 24 August 2010.

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

>>> brief methodological description
Gross domestic product
Price-adjusted, chain-linked
 
Unadjusted figures
Figures according to Census X-12-ARIMA
Seasonally and calendar adjusted
Calendar adjusted 1)
Calendar effect
2000 = 100
% 2)
2000 = 100
% 3)
2000 = 100
% 2)
% 2)
1) For years, the calendar-adjusted values are identical with the seasonally and calendar-adjusted values (except for differences due to rounding).
2) Change on the previous year or the same quarter of the preceding year in %.
3) Change on the previous year or quarter in %.
2006106.48 3.4 106.51 3.6 106.51 3.6 –0.2 
2007109.31 2.7 109.47 2.8 109.47 2.8 –0.1 
2008110.39 1.0 110.24 0.7 110.24 0.7  0.3 
2009105.18–4.7 105.09–4.7 105.09–4.7 –0.1 
20061st quarter103.38 3.9 104.55 0.9 102.68 2.6  1.3 
2nd quarter105.53 2.1 106.16 1.5 105.82 3.5 –1.3 
3rd quarter107.93 3.2 107.06 0.8 108.32 3.7 –0.4 
4th quarter109.07 4.2 108.25 1.1 109.20 4.5 –0.2 
20071st quarter107.29 3.8 108.75 0.5 106.86 4.1 –0.3 
2nd quarter108.38 2.7 109.08 0.3 108.73 2.7 –0.0 
3rd quarter110.74 2.6 109.90 0.8 111.19 2.6 –0.0 
4th quarter110.84 1.6 110.16 0.2 111.10 1.7 –0.1 
20081st quarter109.30 1.9 111.66 1.4 109.80 2.8 –0.9 
2nd quarter111.66 3.0 110.88–0.7 110.53 1.7  1.3 
3rd quarter111.88 1.0 110.42–0.4 111.73 0.5  0.5 
4th quarter108.73–1.9 107.99–2.2 108.90–2.0  0.1 
20091st quarter102.37–6.3 104.27–3.4 102.55–6.6  0.3 
2nd quarter104.10–6.8 104.74 0.5 104.39–5.6 –1.3 
3rd quarter106.95–4.4 105.52 0.7 106.74–4.5  0.1 
4th quarter107.31–1.3 105.83 0.3 106.69–2.0  0.7 
20101st quarter104.52 2.1 106.32 0.5 104.61 2.0  0.1 
2nd quarter108.37 4.1 108.64 2.2 108.26 3.7  0.4 

 
Gross domestic product at current prices
 
Unadjusted figures
Seasonally and calendar adjusted figures according to
Census X-12-ARIMA
EUR billion
Change in % 1)
EUR billion
Change in % 2)
1) Change on the previous year or the same quarter of the preceding year in %.
2) Change on the previous year or quarter in %.
20062,326.50 3.8 2,327.13 4.0 
20072,432.40 4.6 2,435.93 4.7 
20082,481.20 2.0 2,477.80 1.7 
20092,397.10–3.4 2,395.00–3.3 
20061st quarter560.20 4.2 569.46 0.9 
2nd quarter571.60 2.5 579.34 1.7 
3rd quarter590.90 3.6 584.76 0.9 
4th quarter603.80 4.8 593.57 1.5 
20071st quarter590.80 5.5 601.73 1.4 
2nd quarter598.00 4.6 606.39 0.8 
3rd quarter618.90 4.7 612.59 1.0 
4th quarter624.70 3.5 615.22 0.4 
20081st quarter609.30 3.1 625.28 1.6 
2nd quarter622.60 4.1 622.94–0.4 
3rd quarter630.60 1.9 620.55–0.4 
4th quarter618.70–1.0 609.03–1.9 
20091st quarter577.90–5.2 591.29–2.9 
2nd quarter587.40–5.7 595.57 0.7 
3rd quarter613.10–2.8 603.13 1.3 
4th quarter618.70 0.0 605.01 0.3 
20101st quarter595.70 3.1 608.56 0.6 
2nd quarter616.00 4.9 622.32 2.3 

 
Gross domestic product
Price-adjusted, chain-linked
 
New result
Former result
Chain index (2000 = 100)
Change
in % 1)
Chain index (2000 = 100)
Change
in % 1)
1) Seasonally and calendar adjusted figures: Change on the previous year or quarter in %;
Unadjusted figures: Change on the previous year or the same quarter of the preceding year in %.
 Seasonally and calendar adjusted figures according to Census X-12-ARIMA
2006106.51 3.6  106.29 3.4 
2007109.47 2.8  109.05 2.6 
2008110.24 0.7  110.10 1.0 
2009105.09–4.7  104.72–4.9 
20061st quarter104.55 0.9  104.38 0.9 
2nd quarter106.16 1.5  105.92 1.5 
3rd quarter107.06 0.8  106.89 0.9 
4th quarter108.25 1.1  107.96 1.0 
20071st quarter108.75 0.5  108.31 0.3 
2nd quarter109.08 0.3  108.66 0.3 
3rd quarter109.90 0.8  109.53 0.8 
4th quarter110.16 0.2  109.68 0.1 
20081st quarter111.66 1.4  111.42 1.6 
2nd quarter110.88–0.7  110.79–0.6 
3rd quarter110.42–0.4  110.44–0.3 
4th quarter107.99–2.2  107.74–2.4 
20091st quarter104.27–3.4  103.95–3.5 
2nd quarter104.74 0.5  104.41 0.4 
3rd quarter105.52 0.7  105.17 0.7 
4th quarter105.83 0.3  105.36 0.2 
20101st quarter106.32 0.5  105.53 0.2 
2nd quarter108.64 2.2 XX
 Unadjusted figures
2006106.48 3.4 106.27 3.2 
2007109.31 2.7 108.89 2.5 
2008110.39 1.0 110.26 1.3 
2009105.18–4.7 104.82–4.9 
20061st quarter103.38 3.9 103.19 3.7 
2nd quarter105.53 2.1 105.30 1.9 
3rd quarter107.93 3.2 107.71 3.0 
4th quarter109.07 4.2 108.86 4.0 
20071st quarter107.29 3.8 106.81 3.5 
2nd quarter108.38 2.7 107.97 2.5 
3rd quarter110.74 2.6 110.32 2.4 
4th quarter110.84 1.6 110.45 1.5 
20081st quarter109.30 1.9 109.00 2.1 
2nd quarter111.66 3.0 111.61 3.4 
3rd quarter111.88 1.0 111.83 1.4 
4th quarter108.73–1.9 108.58–1.7 
20091st quarter102.37–6.3 102.01–6.4 
2nd quarter104.10–6.8 103.79–7.0 
3rd quarter106.95–4.4 106.52–4.7 
4th quarter107.31–1.3 106.97–1.5 
20101st quarter104.52 2.1 103.75 1.7 
2nd quarter108.37 4.1 XX


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
Service hours:
Mon - Tue: 8am - 5pm
Fri: 8am - 3pm
CET / CEST
Postal address:
65180 Wiesbaden
Germany

Maximize content (Accesskey 3)

Version: 2.25.5 / 20.10.2008