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Press release 064 / 2019-02-22: Detailed gross domestic product results for the 4th quarter of 2018

Gross domestic product, price-adjusted in %

Gross domestic product, 4th quarter of 2018
0.0% on the previous quarter (price-, seasonally and calendar-adjusted)
+0.9% on the same quarter a year earlier (price-adjusted)
+0.6% on the same quarter a year earlier (price- and calendar-adjusted)

German economic growth has stalled. As the Federal Statistical Office (Destatis) already reported in its first release of 14 February 2019, the gross domestic product (GDP) in the fourth quarter of 2018 remained at the same level as in the previous quarter (0.0%), upon price, seasonal and calendar-adjustment. Thus there were two different phases of short-term economic development in Germany in 2018. In the first half of 2018, the GDP had increased, by 0.4% in the first quarter and 0.5% in the second quarter. In the third quarter, however, the GDP was down 0.2%. For the whole year of 2018, this was an increase of 1.4% (calendar-adjusted: 1.5%). Hence growth was slightly smaller than reported in January.

More : Detailed gross domestic product results for the 4th quarter of 2018 …

Press release 065 / 2019-02-22: 2018: general government achieved record surplus of 58 billion euros

Net lending of general government amounted to 58.0 billion euros in 2018 according to updated results of the Federal Statistical Office (Destatis). In absolute terms, this was the highest surplus achieved by general government since German reunification. When measured as a percentage of gross domestic product at current prices (3,386.0 billion euros), the surplus ratio of general government was +1.7%. These are data based on the definitions of the European System of Accounts (ESA) 2010; they are used to monitor the budget situation in the EU Member States.

More : 2018: general government achieved record surplus of 58 billion euros …

IN FOCUS / 2019-01-08

Tax declaration: average refund of 974 euros

There is still time until 31 July - but many taxpayers prefer doing their income tax declaration early in the year.

In 2014, there were roughly 24.1 million taxpayers in Germany who were subject to unlimited tax liability and received income exclusively from dependent employment and possibly from capital.

13.3 million of these taxpayers were assessed for income tax; 11.6 million of them received a tax refund.The average refund was 974 euros. Very often, the amount refunded was between 100 and 1,000 euros (59%). For 9% of those concerned, the refund was less than 100 euros. In 1% of the cases, the local tax offices refunded amounts of over 5,000 euros.

1.5 million taxpayers had to make additional payments to the local tax office, with the average amount being 10,020 euros. Just like the tax refunds, the additional payments of taxes were most often between 100 and 1,000 euros (55%). 25% of the taxpayers had to pay small amounts of less than 100 euros. Only 3% of the taxpayers were affected by large amounts of over 5,000 euros.

Current WISTA edition: connection between truck mileage and industrial production

The Federal Office for Goods Transport (BAG) has developed the truck toll mileage index based on the data from truck toll collection. Can this index complement the short-term economic statistics of the Federal Statistical Office (Destatis) and, especially, can it illustrate a connection between mileage and industrial production?

To examine this question, the BAG and Destatis carried out a cooperation project whose results are described in the article Digitale Prozessdaten aus der Lkw-Mauterhebung – neuer Baustein der amtlichen Konjunkturstatistiken published in the 6/2018 edition of our WISTA scientific journal. Since mid-December 2018, the truck toll mileage index has been published on the Destatis website as an unadjusted value, in a seasonally adjusted form and as a trend. At the same time, it has been integrated in the Business Cycle Monitor.

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