Press release No. 365 of 30 July 2021
Gross domestic product (GDP), 2nd quarter of 2021
+1.5% on the previous quarter (price-, seasonally and calendar-adjusted)
+9.6% on the same quarter a year earlier (price-adjusted)
+9.2% on the same quarter a year earlier (price- and calendar-adjusted)
WIESBADEN – The gross domestic product (GDP) rose by 1.5% in the second quarter of 2021 on the first quarter of 2021 after adjustment for price, seasonal and calendar variations. After the coronavirus crisis had caused another decline in economic performance at the beginning of 2021 (-2.1% in the first quarter, according to most recent calculations), the German economy recovered in the second quarter. This was mainly due to higher household and government final consumption expenditure.
Gross domestic product still markedly down in a pre-crisis comparison
GDP in the second quarter of 2021 was up a price-adjusted 9.6% and a price- and calendar-adjusted 9.2% compared with the second quarter of 2020, the quarter which was substantially affected by the first lockdown imposed on account of the coronavirus crisis. GDP was still 3.4% lower in the second quarter of 2021 than in the fourth quarter of 2019, the quarter before the coronavirus crisis began.
Revision of previous results
In addition to calculating first data for the second quarter of 2021, the Federal Statistical Office also reviewed the results published so far for the individual quarters and years from 2017 and included new statistical information in the calculation of results, which it always does at this publication date. This resulted in changes of -0.3% to +0.6 percentage points of the GDP data published so far. Detailed data on the recalculations are shown in the table “Comparison between old and new figures” at the end of this press release.
More information:
Detailed results for the second quarter of 2021 will be released by the Federal Statistical Office on 24 August 2021.
A long time series with quarterly results on the gross domestic product starting with the first quarter of 1970 is available here.
Crisis Monitor enables comparison between corona crisis and financial/economic crisis
The gross domestic product is also part of the "Crisis Monitor" (www.destatis.de/krisenmonitor), in which the Federal Statistical Office compares the development of major short-term indicators in the corona crisis and the financial and economic crisis of 2008/2009. The Crisis Monitor complements the "Corona statistics" webpage (www.destatis.de/corona), which has provided statistical information on the economic and social consequences of the corona pandemic.
| Unadjusted figures | Figures according to X13 price-adjusted | |||||||
|---|---|---|---|---|---|---|---|---|
| At current prices | Price-adjusted | Seasonally and calendar-adjusted | Calendar- adjusted | |||||
| EUR billion | % 1 | 2015 = 100 | % 1 | 2015 = 100 | % 2 | % 1 3 | ||
| 1 Change on the previous year or the same quarter of the preceding year in %. 2 Change on the previous year or quarter in %. 3 As for years the calendar-adjusted values equal the seasonally and calendar-adjusted values (except for differences due to rounding). qtr = quarter | ||||||||
| 2017 | 3,267.16 | 4.2 | 104.97 | 2.7 | 105.09 | 3.0 | 3.0 | |
| 2018 | 3,367.86 | 3.1 | 106.11 | 1.1 | 106.25 | 1.1 | 1.1 | |
| 2019 | 3,473.35 | 3.1 | 107.23 | 1.1 | 107.40 | 1.1 | 1.1 | |
| 2020 | 3,367.56 | -3.0 | 102.33 | -4.6 | 102.12 | -4.9 | -4.9 | |
2017 | 1st qtr | 798.84 | 4.7 | 103.71 | 3.6 | 103.81 | 1.2 | 2.4 |
| 2nd qtr | 801.19 | 2.8 | 103.39 | 1.3 | 104.62 | 0.8 | 2.7 | |
| 3rd qtr | 823.94 | 4.4 | 105.70 | 2.7 | 105.54 | 0.9 | 3.2 | |
| 4th qtr | 843.19 | 4.9 | 107.08 | 3.1 | 106.39 | 0.8 | 3.7 | |
2018 | 1st qtr | 824.40 | 3.2 | 105.17 | 1.4 | 105.93 | -0.4 | 2.1 |
| 2nd qtr | 833.72 | 4.1 | 105.66 | 2.2 | 106.52 | 0.6 | 1.8 | |
| 3rd qtr | 842.90 | 2.3 | 106.16 | 0.4 | 106.07 | -0.4 | 0.5 | |
| 4th qtr | 866.84 | 2.8 | 107.45 | 0.3 | 106.48 | 0.4 | 0.1 | |
2019 | 1st qtr | 852.62 | 3.4 | 106.79 | 1.5 | 107.60 | 1.1 | 1.6 |
| 2nd qtr | 852.19 | 2.2 | 105.79 | 0.1 | 107.07 | -0.5 | 0.5 | |
| 3rd qtr | 876.75 | 4.0 | 108.08 | 1.8 | 107.51 | 0.4 | 1.3 | |
| 4th qtr | 891.79 | 2.9 | 108.24 | 0.7 | 107.43 | -0.1 | 0.9 | |
| 2020 | 1st qtr | 859.81 | 0.8 | 105.17 | -1.5 | 105.54 | -1.8 | -1.9 |
| 2nd qtr | 774.06 | -9.2 | 93.80 | -11.3 | 94.99 | -10.0 | -11.3 | |
| 3rd qtr | 853.38 | -2.7 | 104.20 | -3.6 | 103.58 | 9.0 | -3.7 | |
| 4th qtr | 880.31 | -1.3 | 106.17 | -1.9 | 104.35 | 0.7 | -2.9 | |
| 2021 | 1st qtr | 847.41 | -1.4 | 101.60 | -3.4 | 102.21 | -2.1 | -3.1 |
| 2nd qtr | 859.27 | 11.0 | 102.82 | 9.6 | 103.73 | 1.5 | 9.2 | |
| New result | Previous result | Difference | |||||
|---|---|---|---|---|---|---|---|
| Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | ||
| 1 Seasonally and calendar-adjusted figures: change on previous quarter; unadjusted figures: change on previous year's quarter. qtr = quarter | |||||||
| Change, percent 1 | Percentage points | ||||||
| 2017 | 3.0 | 2.7 | 2.9 | 2.6 | 0.1 | 0.1 | |
| 2018 | 1.1 | 1.1 | 1.3 | 1.3 | -0.2 | -0.2 | |
| 2019 | 1.1 | 1.1 | 0.6 | 0.6 | 0.5 | 0.5 | |
| 2020 | -4.9 | -4.6 | -5.1 | -4.8 | 0.2 | 0.2 | |
| 2017 | 1st qtr | 1.2 | 3.6 | 1.2 | 3.6 | 0.0 | 0.0 |
| 2nd qtr | 0.8 | 1.3 | 0.7 | 1.2 | 0.1 | 0.1 | |
| 3rd qtr | 0.9 | 2.7 | 0.9 | 2.7 | 0.0 | 0.0 | |
| 4th qtr | 0.8 | 3.1 | 0.8 | 3.0 | 0.0 | 0.1 | |
| 2018 | 1st qtr | -0.4 | 1.4 | -0.2 | 1.5 | -0.2 | -0.1 |
| 2nd qtr | 0.6 | 2.2 | 0.5 | 2.4 | 0.1 | -0.2 | |
| 3rd qtr | -0.4 | 0.4 | -0.3 | 0.7 | -0.1 | -0.3 | |
| 4th qtr | 0.4 | 0.3 | 0.3 | 0.5 | 0.1 | -0.2 | |
2019 | 1st qtr | 1.1 | 1.5 | 0.6 | 1.0 | 0.5 | 0.5 |
| 2nd qtr | -0.5 | 0.1 | -0.5 | -0.3 | 0.0 | 0.4 | |
| 3rd qtr | 0.4 | 1.8 | 0.3 | 1.2 | 0.1 | 0.6 | |
| 4th qtr | -0.1 | 0.7 | 0.0 | 0.2 | -0.1 | 0.5 | |
2020 | 1st qtr | -1.8 | -1.5 | -2.0 | -1.8 | 0.2 | 0.3 |
| 2nd qtr | -10.0 | -11.3 | -9.7 | -11.3 | -0.3 | 0.0 | |
| 3rd qtr | 9.0 | -3.6 | 8.7 | -3.7 | 0.3 | 0.1 | |
| 4th qtr | 0.7 | -1.9 | 0.5 | -2.3 | 0.2 | 0.4 | |
| 2021 | 1st qtr | -2.1 | -3.4 | -1.8 | -3.4 | -0.3 | 0.0 |
| 2nd qtr | 1.5 | 9.6 | x | x | x | x | |
