Press release No. 304 of 14 August 2019
Gross domestic product(GDP), 2nd quarter of 2019
-0.1% on the previous quarter (in real terms, seasonally and calendar adjusted)
0.0% on the same quarter a year earlier (in real terms)
+0.4% on the same quarter a year earlier (in real terms and calendar adjusted)
WIESBADEN - In the second quarter of 2019, the real (price-adjusted) gross domestic product in Germany decreased by 0.1% on the first quarter of 2019, after adjustment for seasonal and calendar variations. The Federal Statistical Office (Destatis) also reports that Germany experienced a slight decline in economic performance. The first quarter of 2019 showed an increase of 0.4% compared with the fourth quarter of 2018.
Consumption expenditure and capital formation stabilize economic activity, while foreign trade slows down growth
The quarter-on-quarter comparison (in real terms and adjusted for seasonal and calendar variations) shows that positive contributions came from domestic demand, according to provisional calculations. Compared with the first quarter, household final consumption expenditure increased, together with government final consumption expenditure. In addition, more was invested than in the first quarter, however, gross fixed capital formation in construction declined. The development of foreign trade slowed down economic growth because exports recorded a stronger quarter-on-quarter decrease than imports.
Compared with the previous year, real GDP stagnated. After calendar adjustment, GDP was up by 0.4% because the second quarter of 2019 had one working day less than the same quarter a year earlier. In the first quarter of 2019, real GDP was 0.8% (calendar adjusted: 0.9%) higher than in the same quarter of the preceding year.
The economic performance in the second quarter of 2019 was achieved by 45.2 million persons in employment, which was an increase of 435,000, or 1.0%, on a year earlier.
Information on the major revision of national accounts
In addition to the calculation of first data for the second quarter of 2019, all national accounts calculations have been thoroughly reviewed and revised as of this date as part of the 2019 major revision. The reference year was changed to 2015. To avoid breaks in the time series, the results for Germany were recalculated back to 1991 so that modified results may appear in the whole time series from 1991 onwards. As regards total real GDP, the recalculation resulted in new change rates which are up to 0.3 percentage points (years) or 0.6 percentage points (quarters) higher or lower than the results published previously. The revision, however, did not change the overall economic picture (see table "Comparison between previous and new figures: real gross domestic product" at the end of this press release. As every year in August, new statistical information was incorporated in the calculations of results for the last four years (from 2015) and for the first quarter of 2019.
Unadjusted figures | Figures according to X13 | |||||||
---|---|---|---|---|---|---|---|---|
Seasonally and calendar-adjusted | Calendar-adjusted 1 | Calendar-effect | ||||||
2015 = 100 | % 2 | 2015 = 100 | % 3 | 2015 = 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 previous quarter in %. qtr = quarter | ||||||||
2015 | 100.00 | 1.7 | 99.90 | 1.5 | 99.90 | 1.5 | 0.2 | |
2016 | 102.23 | 2.2 | 102.04 | 2.1 | 102.04 | 2.1 | 0.1 | |
2017 | 104.75 | 2.5 | 104.87 | 2.8 | 104.87 | 2.8 | -0.3 | |
2018 | 106.35 | 1.5 | 106.49 | 1.5 | 106.49 | 1.5 | 0.0 | |
2015 | 1st qtr | 98.03 | 1.3 | 99.10 | -0.2 | 98.17 | 1.2 | 0.1 |
2nd qtr | 98.51 | 1.8 | 99.72 | 0.6 | 98.83 | 1.8 | 0.0 | |
3rd qtr | 101.06 | 1.8 | 100.17 | 0.5 | 100.83 | 1.7 | 0.1 | |
4th qtr | 102.40 | 2.1 | 100.61 | 0.4 | 101.77 | 1.3 | 0.8 | |
2016 | 1st qtr | 99.97 | 2.0 | 101.41 | 0.8 | 100.50 | 2.4 | -0.4 |
2nd qtr | 102.14 | 3.7 | 101.99 | 0.6 | 101.09 | 2.3 | 1.4 | |
3rd qtr | 102.96 | 1.9 | 102.20 | 0.2 | 102.84 | 2.0 | -0.1 | |
4th qtr | 103.85 | 1.4 | 102.57 | 0.4 | 103.74 | 1.9 | -0.5 | |
2017 | 1st qtr | 103.58 | 3.6 | 103.79 | 1.2 | 102.89 | 2.4 | 1.2 |
2nd qtr | 103.17 | 1.0 | 104.37 | 0.6 | 103.45 | 2.3 | -1.3 | |
3rd qtr | 105.54 | 2.5 | 105.27 | 0.9 | 105.89 | 3.0 | -0.4 | |
4th qtr | 106.71 | 2.8 | 106.04 | 0.7 | 107.24 | 3.4 | -0.6 | |
2018 | 1st qtr | 105.28 | 1.6 | 106.18 | 0.1 | 105.30 | 2.3 | -0.7 |
2nd qtr | 105.75 | 2.5 | 106.59 | 0.4 | 105.66 | 2.1 | 0.4 | |
3rd qtr | 106.69 | 1.1 | 106.48 | -0.1 | 107.09 | 1.1 | 0.0 | |
4th qtr | 107.66 | 0.9 | 106.70 | 0.2 | 107.90 | 0.6 | 0.3 | |
2019 | 1st qtr | 106.15 | 0.8 | 107.11 | 0.4 | 106.27 | 0.9 | -0.1 |
2nd qtr | 105.78 | 0.0 | 107.03 | -0.1 | 106.09 | 0.4 | -0.4 |
Unadjusted figures | Seasonally and calendar-adjusted figures according to X13 | ||||
---|---|---|---|---|---|
EUR billion | Change in %1 | EUR billion | Change in %2 | ||
1 Change on the previous year or the same quarter of the preceding year. qtr = quarter | |||||
2015 | 3,030.070 | 3.5 | 3,026.986 | 3.3 | |
2016 | 3,134.100 | 3.4 | 3,128.355 | 3.3 | |
2017 | 3,244.990 | 3.5 | 3,248.733 | 3.8 | |
2018 | 3,344.370 | 3.1 | 3,348.879 | 3.1 | |
2015 | 1st qtr | 738.030 | 3.0 | 746.862 | 0.7 |
2nd qtr | 743.600 | 3.7 | 755.404 | 1.1 | |
3rd qtr | 766.750 | 3.5 | 760.783 | 0.7 | |
4th qtr | 781.690 | 3.9 | 763.937 | 0.4 | |
2016 | 1st qtr | 762.120 | 3.3 | 774.274 | 1.4 |
2nd qtr | 779.710 | 4.9 | 780.985 | 0.9 | |
3rd qtr | 789.190 | 2.9 | 784.473 | 0.4 | |
4th qtr | 803.080 | 2.7 | 788.623 | 0.5 | |
2017 | 1st qtr | 793.760 | 4.2 | 796.995 | 1.1 |
2nd qtr | 796.100 | 2.1 | 807.549 | 1.3 | |
3rd qtr | 818.420 | 3.7 | 817.897 | 1.3 | |
4th qtr | 836.710 | 4.2 | 826.292 | 1.0 | |
2018 | 1st qtr | 819.260 | 3.2 | 828.320 | 0.2 |
2nd qtr | 827.660 | 4.0 | 836.138 | 0.9 | |
3rd qtr | 836.960 | 2.3 | 837.295 | 0.1 | |
4th qtr | 860.490 | 2.8 | 847.126 | 1.2 | |
2019 | 1st qtr | 842.070 | 2.8 | 852.167 | 0.6 |
2nd qtr | 844.730 | 2.1 | 856.383 | 0.5 |
| New result | Previous result | |||
---|---|---|---|---|---|
chain index (2015 = 100) | Change in %1 | chain index (2010 = 100) | Change in %1 | ||
Seasonally and calendar-adjusted figures | |||||
1 Seasonally and calendar-adjusted figures: Change on the previous year or the previous quarter in %. Unadjusted figures: Change on the previous year or the same quarter of the preceding year in %. qtr = quarter | |||||
2015 | 99.90 | 1.5 | 108.72 | 1.5 | |
2016 | 102.04 | 2.1 | 111.06 | 2.2 | |
2017 | 104.87 | 2.8 | 113.79 | 2.5 | |
2018 | 106.49 | 1.5 | 115.44 | 1.5 | |
2015 | 1st qtr | 99.10 | -0.2 | 107.92 | – 0.1 |
2nd qtr | 99.72 | 0.6 | 108.55 | 0.6 | |
3rd qtr | 100.17 | 0.5 | 108.90 | 0.3 | |
4th qtr | 100.61 | 0.4 | 109.49 | 0.5 | |
2016 | 1st qtr | 101.41 | 0.8 | 110.49 | 0.9 |
2nd qtr | 101.99 | 0.6 | 110.98 | 0.4 | |
3rd qtr | 102.20 | 0.2 | 111.17 | 0.2 | |
4th qtr | 102.57 | 0.4 | 111.60 | 0.4 | |
2017 | 1st qtr | 103.79 | 1.2 | 112.84 | 1.1 |
2nd qtr | 104.37 | 0.6 | 113.46 | 0.5 | |
3rd qtr | 105.27 | 0.9 | 114.12 | 0.6 | |
4th qtr | 106.04 | 0.7 | 114.73 | 0.5 | |
2018 | 1st qtr | 106.18 | 0.1 | 115.16 | 0.4 |
2nd qtr | 106.59 | 0.4 | 115.68 | 0.5 | |
3rd qtr | 106.48 | -0.1 | 115.45 | – 0.2 | |
4th qtr | 106.70 | 0.2 | 115.47 | 0.0 | |
2019 | 1st qtr | 107.11 | 0.4 | 115.96 | 0.4 |
2nd qtr | 107.03 | -0.1 | x | x | |
Unadjusted figures | |||||
2015 | 100.00 | 1.7 | 108.82 | 1.7 | |
2016 | 102.23 | 2.2 | 111.26 | 2.2 | |
2017 | 104.75 | 2.5 | 113.66 | 2.2 | |
2018 | 106.35 | 1.5 | 115.28 | 1.4 | |
2015 | 1st qtr | 98.03 | 1.3 | 107.51 | 1.3 |
2nd qtr | 98.51 | 1.8 | 107.51 | 1.8 | |
3rd qtr | 101.06 | 1.8 | 110.91 | 1.8 | |
4th qtr | 102.40 | 2.1 | 109.34 | 2.1 | |
2016 | 1st qtr | 99.97 | 2.0 | 109.68 | 2.0 |
2nd qtr | 102.14 | 3.7 | 111.45 | 3.7 | |
3rd qtr | 102.96 | 1.9 | 113.05 | 1.9 | |
4th qtr | 103.85 | 1.4 | 110.86 | 1.4 | |
2017 | 1st qtr | 103.58 | 3.6 | 113.40 | 3.4 |
2nd qtr | 103.17 | 1.0 | 112.45 | 0.9 | |
3rd qtr | 105.54 | 2.5 | 115.50 | 2.2 | |
4th qtr | 106.71 | 2.8 | 113.27 | 2.2 | |
2018 | 1st qtr | 105.28 | 1.6 | 114.95 | 1.4 |
2nd qtr | 105.75 | 2.5 | 115.09 | 2.3 | |
3rd qtr | 106.69 | 1.1 | 116.77 | 1.1 | |
4th qtr | 107.66 | 0.9 | 114.30 | 0.9 | |
2019 | 1st qtr | 106.15 | 0.8 | 115.65 | 0.6 |
2nd qtr | 105.78 | 0.0 | x | x |
More information on the major revision 2019 and detailed results for the second quarter of 2019 will be published by the Federal Statistical Office in a press release on 27 August 2019. At that time, the results in the interactive national accounts dashboard (only in german) will be updated too.
A long time series with quarterly results on the gross domestic product starting with the first quarter of 1970 is available here.