Press release No. 074 of 25 February 2022
Gross domestic product (GDP), 4th quarter of 2021
-0.3% on the previous quarter (price-, seasonally and calendar adjusted)
+1.8% on the same quarter a year earlier (price-adjusted)
+1.8% on the same quarter a year earlier (price- and calendar-adjusted)
WIESBADEN – The gross domestic product (GDP) fell by 0.3% in the fourth quarter of 2021 on the third quarter of 2021 upon adjustment for price, seasonal and calendar variations. After economic performance had increased again last summer despite growing delivery bottlenecks and material shortages, the recovery of the German economy came to a halt at the end of the year due to the fourth Covid-19 wave and another reinforcement of Covid-19 preventive measures. According to figures from the Federal Statistical Office (Destatis), the GDP development was however more positive than reported in the first release of 28 January 2022, both regarding the fourth quarter (-0.3%) and the entire year of 2021 (+2.9%). The results were revised accordingly. GDP was down 1.1% in the fourth quarter of 2021 compared with the fourth quarter of 2019, the quarter before the Covid-19 crisis began.
| 2020 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 1st qtr | 2nd qtr | 3rd qtr | 4th qtr | 1st qtr | 2nd qtr | 3rd qtr | 4th qtr |
| -1.8 | -10.0 | 9.0 | 0.7 | -1.7 | 2.2 | 1.7 | -0.3 |
Household final consumption expenditure down,
government final consumption expenditure and gross fixed capital formation in machinery and equipment had stabilising effect
The restrictions imposed in the course of the fourth Covid-19 wave put the brakes on household final consumption expenditure. After two quarters with considerable increases, it was down 1.8% in the fourth quarter of 2021 compared with the third quarter of 2021 upon price, seasonal and calendar adjustment. Government final consumption expenditure, in contrast, increased by 1.0% and had a stabilising effect. Gross fixed capital formation in machinery and equipment was up 0.9% on the third quarter of 2021 after price, seasonal and calendar adjustment. Gross fixed capital formation in construction remained roughly at the previous quarter's level.
Foreign trade increased in the fourth quarter of 2021. Exports of goods and services were up 4.8% compared with the third quarter of 2021, after price, seasonal and calendar adjustment. Total imports rose slightly more (+5.1%) as the imports of services were up on the previous quarter once again.
Gross value added up in industry and down in service sector
In the fourth quarter of 2021, the price-, seasonally and calendar-adjusted gross value added decreased by 0.9% on the third quarter of 2021. Diverging trends were recorded for the individual economic sectors. Economic performance improved in manufacturing (+1.9%) and construction (+1.6%), whereas the recovery that had started in many service branches during the summer was stopped by the fourth Covid-19 wave. The price, seasonally and calendar-adjusted gross value added of business services, decreased by 0.9% in the fourth quarter of 2021 on the third quarter of 2021. Economic performance was also down in trade, transport, accommodation and food services (-1.6%) as well as public services, education and health (-3.9%). Other services, which include entertainment and recreation, were again hit hard by the fourth wave and the reinforcement of Covid-19 preventive measures at year-end, recording a decline of 10.0%.
Gross domestic product increased year on year
GDP was up a price-adjusted 1.8% in the fourth quarter of 2021 on the fourth quarter of 2020 (also price- and calendar-adjusted). The delivery bottlenecks and the worsening of the Covid-19 situation at the end of the year slowed growth in 2021. GDP rose by 10.8% year on year in the second quarter of 2021 and by 2.8% in the third quarter of 2021.
| 2020 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| 1st qtr | 2nd qtr | 3rd qtr | 4th qtr | 1st qtr | 2nd qtr | 3rd qtr | 4th qtr |
| -1.5 | -11.3 | -3.6 | -1.9 | -3.0 | 10.8 | 2.8 | 1.8 |
Household and government final consumption expenditure up,
fixed capital formation down year on year
Despite further notable price increases, total domestic demand continued to rise in the fourth quarter of 2021 year-on-year. Household final consumption expenditure increased by a price-adjusted 2.6%, and government final consumption expenditure by 2.0%, on a year earlier. Consumption expenditure on travel and non-durables, rose substantially. However, capital formation was markedly down in the fourth quarter of 2021 on the fourth quarter of 2020. Gross fixed capital formation in construction, decreased by a price-adjusted 1.6%. Gross fixed capital formation in machinery and equipment was down 2.6% from the fourth quarter of 2020.
Foreign trade increased on a year earlier. Exports of goods and services rose by 8.2% (price-adjusted) in the fourth quarter of 2021 on the same quarter of the previous year. In the same period, an even larger increase was observed for imports (+12.2%). Considerable increases were recorded especially for exports and imports of services in the fourth quarter of 2021.
Year-on-year comparison: gross value added down in industry and up in services
Diverging trends were recorded for the various economic sectors compared with a year earlier. The price-adjusted value added decreased in manufacturing (-1.7%) and construction (-3.1%) in the fourth quarter of 2021 on the same quarter of 2020. Some service branches recorded considerable increases of value added as they had started from low levels in the fourth quarter of 2020. The economic performance in the field of business services, was up by 7.7% and that of other services by 5.5%. Public services, education, health (+3.3%) also continued to record increases compared with a year earlier. The rise in trade, transport, accommodation and food services (+3.9%) was mainly due to substantial increases in transport, accommodation and food services, while economic performance was down in trade. Total price-adjusted gross value added rose 2.0% in the fourth quarter of 2021 on the fourth quarter of 2020.
Employment continuing to rise but still below pre-crisis level
The economic performance in the fourth quarter of 2021 was achieved by roughly 45.4 million persons in employment whose place of employment was in Germany. The number of persons in employment increased by 434,000, or 1.0%, on the fourth quarter of 2020. Although the pre-crisis level has not yet been reached, there has been a clear upward trend on the labour market since last summer (see press release no. 072/21 of 17 February 2021).
The average number of hours worked per person in employment rose by 2.7% in the fourth quarter of 2021 compared with the same quarter a year earlier according to first provisional results of the Institute for Employment Research of the Federal Employment Agency. The labour volume of the overall economy, which is the total number of hours worked by all persons in employment, was up 3.7% in the same period.
As the labour volume of the overall economy rose relatively strongly in relation to GDP, overall labour productivity (price-adjusted GDP per hour worked by persons in employment) was down by 1.8% on the fourth quarter of 2020, according to provisional calculations. As the number of persons in employment did not increase as much as the number of hours worked, labour productivity per person in employment was 0.8% higher than in the fourth quarter of 2020.
Savings ratio further down on a year earlier
At current prices, the GDP rose by 6.8% and the gross national income by 7.3% in the fourth quarter of 2021 compared with a year earlier. The difference from the price-adjusted GDP can be explained mainly by large price increases. Net national income at factor costs rose by 6.9%. The compensation of employees was up by 4.7% year-on-year, while property and entrepreneurial income rose sharply by 13.5%. This was a double-digit increase in the third consecutive quarter. However, property and entrepreneurial income had declined by 2.2% in the same quarter a year earlier, while the compensation of employees had increased by 0.4%.
Average gross and net wages and salaries per employee were up by 3.7%. Since employment also increased markedly, total gross wages and salaries were up by as much as 4.9% and total net wages and salaries by 5.0%. The disposable income of households was 2.5% higher than a year earlier. Household final consumption expenditure at current prices rose by 7.2% in the same period, which was mainly due to the high inflation rates at the end of the year. As the increase in household final consumption expenditure was larger than that of disposable income, households now saved less than in the same quarter of the previous year. According to provisional calculations, the savings ratio was 11.4% in the fourth quarter of 2021. Despite the decrease, the saving propensity was still at a relatively high level.
International and European comparison
In the fourth quarter of 2021, the price-, seasonally and calendar-adjusted economic performance declined in Germany (-0.3%), while it continued to increase in other major Member States of the European Union (EU). Compared with the third quarter of 2021, the GDP rose by 0.7% in France, by 0.6% in Italy and by even 2.0% in Spain in the fourth quarter of 2021. According to provisional calculations, the Statistical Office of the European Union (Eurostat) reported a GDP rise of 0.4% on the previous quarter for the EU as a whole. The increase in the economic performance of the United States (+1.7%, converted figure) was stronger than in Germany and the EU in the fourth quarter of 2021. The GDP growth rates of nearly all EU Member States and the United States were higher than in Germany also in a year-on-year comparison.
Compared with the fourth quarter of 2019, the quarter before the Covid-19 pandemic, the economic recovery differed more at the international level. In the fourth quarter of 2021, the GDP in Spain was still clearly below the pre-crisis level (-4.0%). Germany (-1.1%) and Italy (-0.5%) neither reached the relevant pre-crisis level. The economic performance of both France (+0.9%) and the EU as a whole (+0.4%) was however higher in the fourth quarter of 2021 than before the Covid-19 pandemic. The United States recorded a substantial growth (+3.1%) compared with the pre-crisis level.
| USA | Eurorarea | EU27 | France | Italy | Spain | Germany | |
|---|---|---|---|---|---|---|---|
Previous quarter: change compared to the 3rd quarter of 2021; Pre-crisis quarter: Change compared to the 4th quarter of 2019, own calculations based on Eurostat data. | |||||||
| Previous quarter | 1.7 | 0.3 | 0.4 | 0.7 | 0.6 | 2.0 | -0.3 |
| Same quarter of the previous year | 5.5 | 4.6 | 4.8 | 5.4 | 6.4 | 5.2 | 1.8 |
| Pre-crisis quarter | 3.1 | 0.0 | 0.4 | 0.9 | -0.5 | -4.0 | -1.1 |
For a detailed comparison of the EU Member States’ growth rates please refer to our webpage “Europe in figures”.
Revision of previous results and methodological notes
The greater uncertainties caused by the Covid-19 pandemic may lead to larger revisions than usual. This applies in particular to the seasonally and calendar-adjusted quarterly data. In addition to calculating the detailed results, the Federal Statistical Office also revised the figures for all four quarters and the year 2021. Taking into account the statistical information that became available after the first release of 28 January 2022, this resulted in upwards revisions of the previous gross domestic product figures of up to 0.4 percentage points. More detailed data on the recalculations are shown in the table “Comparison between old and new figures” in this press release.
| Unadjusted figures | Figures according to X13 price-adjusted | |||||||
|---|---|---|---|---|---|---|---|---|
| At current prices | Price-adjusted, chain-linked | 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 | ||||||||
| 2020 | 3,367.56 | -3.0 | 102.33 | -4.6 | 102.12 | -4.9 | -4.9 | |
| 2021 | 3,570.62 | 6.0 | 105.29 | 2.9 | 105.05 | 2.9 | 2.9 | |
| 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 | 848.65 | -1.3 | 102.00 | -3.0 | 102.59 | -1.7 | -2.7 |
| 2nd qtr | 866.06 | 11.9 | 103.92 | 10.8 | 104.82 | 2.2 | 10.4 | |
| 3rd qtr | 915.37 | 7.3 | 107.16 | 2.8 | 106.57 | 1.7 | 2.9 | |
| 4th qtr | 940.54 | 6.8 | 108.10 | 1.8 | 106.20 | -0.3 | 1.8 | |
| 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 year or previous quarter; unadjusted figures: change on previous year or previous year's quarter. qtr = quarter | |||||||
| Change, percent 1 | Percentage points | ||||||
| 2021 | 2.9 | 2.9 | 2.8 | 2.8 | 0.1 | 0.1 | |
2021 | 1st qtr | -1.7 | -3.0 | -1.7 | -3.0 | 0.0 | 0.0 |
| 2nd qtr | 2.2 | 10.8 | 2.2 | 10.8 | 0.0 | 0.0 | |
| 3rd qtr | 1.7 | 2.8 | 1.7 | 2.8 | 0.0 | 0.0 | |
| 4th qtr | -0.3 | 1.8 | -0.7 | 1.4 | 0.4 | 0.4 | |
| 2021 | |||||
|---|---|---|---|---|---|
| year | 1st qtr | 2nd qtr | 3rd qtr | 4th qtr | |
1 Including acquisitions less disposals of valuables and the statistical difference between production and expenditure approach. qtr = quarter | |||||
| At current prices, EUR bn. | |||||
| Final consumption expenditure | 2,564.327 | 594.479 | 622.934 | 662.061 | 684.853 |
| Household final consumption expenditure | 1,762.986 | 403.476 | 426.907 | 465.196 | 467.407 |
| Government final consumption expenditure | 801.341 | 191.003 | 196.027 | 196.865 | 217.446 |
| Gross capital formation | 808.754 | 193.070 | 189.610 | 210.684 | 215.390 |
| Gross fixed capital formation | 783.896 | 175.129 | 198.711 | 199.657 | 210.399 |
| Gross fixed capital formation in construction | 414.260 | 89.812 | 107.183 | 111.500 | 105.765 |
| Gross fixed capital formation in machinery and equipment | 228.165 | 52.327 | 57.551 | 53.647 | 64.640 |
| Other fixed assets | 141.471 | 32.990 | 33.977 | 34.510 | 39.994 |
| Changes in inventories 1 | 24.858 | 17.941 | - 9.101 | 11.027 | 4.991 |
| Domestic uses | 3 373.081 | 787.549 | 812.544 | 872.745 | 900.243 |
| Exports | 1 694.583 | 398.498 | 412.625 | 420.358 | 463.102 |
| Imports | 1 497.044 | 337.397 | 359.109 | 377.733 | 422.805 |
| Gross domestic product | 3 570.620 | 848.650 | 866.060 | 915.370 | 940.540 |
| Price-adjusted, change on the previous year or same quarter of the preceding year in % | |||||
| Final consumption expenditure | 1.1 | -5.8 | 6.4 | 1.5 | 2.4 |
| Household final consumption expenditure | 0.1 | -9.2 | 6.5 | 1.4 | 2.6 |
| Government final consumption expenditure | 3.1 | 2.3 | 6.3 | 1.9 | 2.0 |
| Gross capital formation | 6.1 | 0.3 | 10.3 | 9.6 | 5.0 |
| Gross fixed capital formation | 1.5 | -1.0 | 8.7 | 0.1 | -1.5 |
| Gross fixed capital formation in construction | 0.7 | -1.6 | 4.8 | 0.8 | -1.6 |
| Gross fixed capital formation in machinery and equipment | 3.4 | 0.6 | 20.8 | -2.0 | -2.6 |
| Other fixed assets | 0.7 | -2.0 | 2.9 | 1.0 | 0.8 |
| Domestic uses | 2.2 | -4.4 | 7.3 | 3.3 | 3.0 |
| Exports | 9.9 | -0.1 | 27.6 | 7.5 | 8.2 |
| Imports | 9.3 | -2.9 | 20.2 | 9.4 | 12.2 |
| Gross domestic product (GDP) | 2.9 | -3.0 | 10.8 | 2.8 | 1.8 |
| memorandum item: | |||||
| GDP per person in employment | 2.8 | -1.6 | 10.7 | 2.2 | 0.8 |
| GDP per hour worked by persons in employment | 0.9 | 1.2 | 3.7 | 0.6 | -1.8 |
| Contributions to growth of price-adjusted GDP in % points | |||||
| Final consumption expenditure | 0.8 | -4.2 | 4.8 | 1.1 | 1.8 |
| Houshold final consumption expenditure | 0.1 | -4.7 | 3.3 | 0.7 | 1.3 |
| Government final consumption expenditure | 0.7 | 0.5 | 1.5 | 0.4 | 0.4 |
| Gross capital formation | 1.3 | 0.1 | 2.2 | 2.0 | 1.0 |
| Gross fixed capital formation | 0.3 | -0.2 | 2.0 | 0.0 | -0.3 |
| Gross fixed capital formation in construction | 0.1 | -0.2 | 0.6 | 0.1 | -0.2 |
| Gross fixed capital formation in machinery and equipment | 0.2 | 0.0 | 1.3 | -0.1 | -0.2 |
| Other fixed assets | 0.0 | -0.1 | 0.1 | 0.0 | 0.0 |
| Changes in inventories 1 | 1.0 | 0.3 | 0.3 | 1.9 | 1.4 |
| Domestic uses | 2.1 | -4.1 | 7.0 | 3.1 | 2.8 |
| Balance of exports and imports | 0.8 | 1.1 | 3.8 | -0.3 | -1.0 |
| 2021 | ||||
|---|---|---|---|---|
| 1st qtr | 2nd qtr | 3rd qtr | 4th qtr | |
1 1 Only seasonally adjusted. 2 2 Including acquisitions less disposals of valuables and the statistical difference between production and expenditure approach. | ||||
| Price-adjusted, change on the previous quarter in % | ||||
| Final consumption expenditure | -3.9 | 4.2 | 3.2 | -0.9 |
| Household final consumption expenditure | -5.2 | 3.7 | 6.0 | -1.8 |
| Government final consumption expenditure | -1.1 | 5.1 | -2.8 | 1.0 |
| Gross fixed capital formation | -0.5 | 1.3 | -2.9 | 0.5 |
| Gross fixed capital formation in construction | 0.2 | 1.7 | -3.6 | 0.0 |
| Gross fixed capital formation in machinery and equipment | -0.4 | 0.6 | -3.9 | 0.9 |
| Other fixed assets | -2.6 | 1.1 | 0.9 | 1.3 |
| Domestic uses | -1.0 | 2.8 | 1.7 | -0.5 |
| Exports | 1.9 | 1.1 | 0.0 | 4.8 |
| Imports | 4.3 | 2.3 | -0.1 | 5.1 |
| Gross domestic product (GDP) | -1.7 | 2.2 | 1.7 | -0.3 |
| memorandum item: | ||||
| GDP per person in employment | -1.6 | 1.9 | 1.2 | -0.7 |
| GDP per hour worked by persons in employment 1 | -0.7 | 0.4 | -1.4 | -0.1 |
| Contributions to growth of price-adjusted GDP in % points | ||||
| Final consumption expenditure | -2.8 | 2.9 | 2.3 | -0.7 |
| Household final consumption expenditure | -2.6 | 1.8 | 2.9 | -0.9 |
| Government final consumption expenditure | -0.3 | 1.2 | -0.7 | 0.2 |
| Gross fixed capital formation (GFCF) | -0.1 | 0.3 | -0.6 | 0.1 |
| GFCF in construction | 0.0 | 0.2 | -0.4 | 0.0 |
| GFCF in machinery and equipment | 0.0 | 0.0 | -0.3 | 0.1 |
| Other fixed assets | -0.1 | 0.0 | 0.0 | 0.1 |
| Changes in inventories 2 | 2.1 | -0.6 | 0.0 | 0.1 |
| Domestic uses | -0.9 | 2.6 | 1.6 | -0.5 |
| Balance of exports and imports (net exports) | -0.8 | -0.4 | 0.1 | 0.2 |
| 2021 | |||||
|---|---|---|---|---|---|
| year | 1st qtr | 2nd qtr | 3rd qtr | 4th qtr | |
| At current prices EUR bn | |||||
| Agriculture, forestry and fishing | 28.575 | 6.239 | 7.288 | 7.413 | 7.635 |
| Industry, excluding construction | 758.224 | 190.055 | 187.709 | 185.461 | 194.999 |
| including: | |||||
| Manufacturing | 652.935 | 161.593 | 162.932 | 161.477 | 166.933 |
| Construction | 191.930 | 37.485 | 47.420 | 49.233 | 57.792 |
| Trade, transport, accommodation and food services | 518.439 | 113.647 | 127.960 | 137.126 | 139.706 |
| Information and communication | 161.834 | 40.443 | 37.689 | 41.279 | 42.423 |
| Financial and insurance activities | 122.125 | 30.323 | 30.406 | 30.679 | 30.717 |
| Real estate activities | 346.255 | 87.399 | 85.008 | 87.792 | 86.056 |
| Business services | 366.761 | 87.332 | 85.485 | 97.525 | 96.419 |
| Public services, education, health | 620.216 | 150.309 | 147.198 | 158.554 | 164.155 |
| Other services | 114.586 | 27.548 | 26.638 | 31.921 | 28.479 |
| Gross value added, total | 3,228.945 | 770.780 | 782.801 | 826.983 | 848.381 |
| Price-adjusted, change on the previous year or same quarter of the preceding year in % | |||||
| Agriculture, forestry and fishing | -1.6 | -1.9 | -1.0 | -1.9 | -1.7 |
| Industry, excluding construction | 4.1 | -2.0 | 20.2 | 2.7 | -1.5 |
| including: | |||||
| Manufacturing | 4.7 | -1.9 | 22.3 | 3.3 | -1.7 |
| Construction | -0.5 | -4.2 | 3.4 | 1.9 | -3.1 |
| Trade, transport, accommodation and food services | 3.0 | -7.5 | 12.7 | 3.6 | 3.9 |
| Information and communication | 3.4 | 0.5 | 6.5 | 3.2 | 3.8 |
| Financial and insurance activities | -0.3 | -1.4 | -0.7 | -0.7 | 1.4 |
| Real estate activities | 0.9 | 0.2 | 1.8 | 0.9 | 0.8 |
| Business services | 5.6 | -5.7 | 12.5 | 9.5 | 7.7 |
| Public services, education, health | 3.2 | -3.1 | 10.4 | 3.2 | 3.3 |
| Other services | 0.9 | -10.3 | 8.2 | 2.3 | 5.5 |
| Gross value added, total | 2.9 | -3.5 | 10.9 | 3.3 | 2.0 |
| 2021 | |||||
|---|---|---|---|---|---|
| year | 1st qtr | 2nd qtr | 3rd qtr | 4th qtr | |
| At current prices EUR bn | |||||
| Gross national income | 3,678.522 | 877.090 | 879.924 | 944.310 | 977.198 |
| Net national income (factor costs) | 2,697.773 | 644.317 | 639.450 | 687.517 | 726.489 |
| Compensation of employees | 1,920.413 | 445.275 | 463.183 | 479.113 | 532.842 |
| Property and entrepreneurial income | 777.360 | 199.042 | 176.267 | 208.404 | 193.647 |
| Gross wages and salaries of employees | 1,571.174 | 362.019 | 377.228 | 393.593 | 438.334 |
| Net wages and salaries of employees | 1,064.211 | 245.080 | 250.963 | 272.136 | 296.032 |
| memorandum item: | |||||
| Disposable income of households | 2,013.264 | 502.684 | 494.906 | 504.214 | 511.460 |
| Savings ratio (in %) | 15.0 | 22.0 | 16.3 | 10.4 | 11.4 |
| Price-adjusted, change on the previous year or same quarter of the preceding year in % | |||||
| Gross national income | 6.3 | -1.2 | 11.8 | 7.8 | 7.3 |
| Net national income (factor costs) | 6.7 | 0.3 | 13.5 | 7.0 | 6.9 |
| Compensation of employees | 3.7 | -0.4 | 5.4 | 4.9 | 4.7 |
| Property and entrepreneurial income | 15.0 | 1.8 | 42.3 | 11.9 | 13.5 |
| Gross wages and salaries of employees | 3.8 | -1.1 | 6.0 | 5.2 | 4.9 |
| Net wages and salaries of employees | 4.2 | -0.5 | 6.9 | 5.4 | 5.0 |
| memorandum item: | |||||
| Disposable income of households | 1.9 | -0.7 | 3.7 | 2.2 | 2.5 |
Visualised national accounts
The gross domestic product also forms part of the Crisis Monitor(www.destatis.de/krisenmonitor), by means of which the Federal Statistical Office compares the development of major short-term indicators in the Covid-19 crisis and the financial and economic crisis of 2008/2009. The Crisis Monitor complements the Corona statistics webpage (www.destatis.de/corona), which provides statistical information on the economic and social consequences of the Covid-19 pandemic. Visualised updated results of national accounts are also available in our interactive National Accounts Monitor for Germany (www.destatis.de/vgr-monitor-deutschland) (only in german).
More information:
More detailed results have been published in Fachserie 18 “National Accounts“, Series 1.2 “Quarterly results“ and Series 1.3„Seasonally adjusted quarterly results using X13“. The above and other publications are provided at www.destatis.de --> Themes --> Economy --> National accounts, domestic product --> Publications.
A long time series containing quarterly results of the gross domestic product since the first quarter of 1970 is available at www.destatis.de --> Topics: National accounts --> Domestic product --> Tables.
The above and other current national accounting results are available in the GENESIS-Online database
