Press release No. 322 of 29 July 2022
Gross domestic product (GDP), 2nd quarter of 2022
0.0% on the previous quarter (price, seasonally and calendar adjusted)
+1.5% on the same quarter a year earlier (price adjusted)
+1.4% on the same quarter a year earlier (price and calendar adjusted)
WIESBADEN – The gross domestic product (GDP) in the second quarter of 2022 was unchanged (0.0%) compared with the first quarter of 2022 after adjustment for price, seasonal and calendar variations. The economy was supported mainly by household and government final consumption expenditure, whereas the balance of exports and imports had a downward effect on economic growth. The difficult framework conditions in the global economy, including the Covid-19 pandemic, interruptions in supply chains and the war in Ukraine, are clearly reflected in the short-term economic development. In the first quarter, the German economy had grown by a revised 0.8%.
Gross domestic product increased year on year
GDP in the second quarter of 2022 was up a price adjusted 1.5% compared with the second quarter of 2021, when the German economy had been markedly affected by the consequences of the third wave of the Covid-19 pandemic. GDP growth in the second quarter of 2022 was 1.4% year on year after adjustment for price and calendar effects. The GDP in the second quarter of 2022 was still 0.2% lower (price, seasonally and calendar adjusted) than in the fourth quarter of 2019, the quarter before the Covid-19 crisis.
Due to the continuing Covid-19 crisis and the war in Ukraine, these results are subject to larger uncertainties than usual.
Revision of previous results
In addition to calculating first data for the second quarter of 2022, the Federal Statistical Office also reviewed the results published so far for the individual quarters and years from 2018 and included new statistical information in the calculation of results, which it always does at this publication date.This resulted in changes of -1.0 to +1.2 percentage points of the price adjusted GDP data published so far. The relatively large revisions as of 2020 are due to the larger uncertainty involved in calculating data for the years affected by the Covid-19 pandemic. Detailed data on the recalculations are shown in the table “Comparison between old and new figures” at the end of 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 year the calendar adjusted values equal the seasonally and calendar adjusted values (except for differences due to rounding). qtr = quarter | ||||||||
| 2018 | 3,365.45 | 3.0 | 106.00 | 1.0 | 106.16 | 1.0 | 1.0 | |
| 2019 | 3,473.26 | 3.2 | 107.12 | 1.1 | 107.31 | 1.1 | 1.1 | |
| 2020 | 3,405.43 | -2.0 | 103.16 | -3.7 | 102.95 | -4.1 | -4.1 | |
| 2021 | 3,601.75 | 5.8 | 105.87 | 2.6 | 105.61 | 2.6 | 2.6 | |
| 2018 | 1st qtr | 823.52 | 3.1 | 105.06 | 1.3 | 105.77 | -0.6 | 2.0 |
| 2nd qtr | 833.55 | 4.0 | 105.58 | 2.1 | 106.58 | 0.8 | 1.8 | |
| 3rd qtr | 842.26 | 2.2 | 105.92 | 0.2 | 105.72 | -0.8 | 0.2 | |
| 4th qtr | 866.12 | 2.7 | 107.45 | 0.3 | 106.55 | 0.8 | 0.1 | |
2019 | 1st qtr | 851.58 | 3.4 | 106.54 | 1.4 | 107.26 | 0.7 | 1.5 |
| 2nd qtr | 852.84 | 2.3 | 105.73 | 0.1 | 107.17 | -0.1 | 0.5 | |
| 3rd qtr | 877.65 | 4.2 | 107.97 | 1.9 | 107.27 | 0.1 | 1.4 | |
| 4th qtr | 891.19 | 2.9 | 108.24 | 0.7 | 107.52 | 0.2 | 0.9 | |
2020 | 1st qtr | 866.91 | 1.8 | 105.69 | -0.8 | 105.96 | -1.5 | -1.2 |
| 2nd qtr | 787.35 | -7.7 | 94.64 | -10.5 | 95.99 | -9.4 | -10.5 | |
| 3rd qtr | 861.59 | -1.8 | 105.38 | -2.4 | 104.61 | 9.0 | -2.5 | |
| 4th qtr | 889.58 | -0.2 | 106.95 | -1.2 | 105.24 | 0.6 | -2.2 | |
2021 | 1st qtr | 862.03 | -0.6 | 103.29 | -2.3 | 103.64 | -1.5 | -2.1 |
| 2nd qtr | 878.06 | 11.5 | 104.65 | 10.6 | 105.75 | 2.0 | 10.1 | |
| 3rd qtr | 915.99 | 6.3 | 107.31 | 1.8 | 106.54 | 0.7 | 1.9 | |
| 4th qtr | 945.67 | 6.3 | 108.24 | 1.2 | 106.49 | 0.0 | 1.2 | |
2022 | 1st qtr | 934.79 | 8.4 | 107.33 | 3.9 | 107.33 | 0.8 | 3.6 |
| 2nd qtr | 941.48 | 7.2 | 106.23 | 1.5 | 107.29 | 0.0 | 1.4 | |
| 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 the previous quarter; qtr = quarter | |||||||
| Change, percent 1 | Percentage points | ||||||
| 2018 | 1.0 | 1.0 | 1.1 | 1.1 | -0.1 | -0.1 | |
| 2019 | 1.1 | 1.1 | 1.1 | 1.1 | 0.0 | 0.0 | |
| 2020 | -4.1 | -3.7 | -4.9 | -4.6 | 0.8 | 0.9 | |
| 2021 | 2.6 | 2.6 | 2.9 | 2.9 | -0.3 | -0.3 | |
2018 | 1st qtr | -0.6 | 1.3 | -0.4 | 1.4 | -0.2 | -0.1 |
| 2nd qtr | 0.8 | 2.1 | 0.6 | 2.2 | 0.2 | -0.1 | |
| 3rd qtr | -0.8 | 0.2 | -0.4 | 0.4 | -0.4 | -0.2 | |
| 4th qtr | 0.8 | 0.3 | 0.4 | 0.3 | 0.4 | 0.0 | |
2019 | 1st qtr | 0.7 | 1.4 | 1.1 | 1.5 | -0.4 | -0.1 |
| 2nd qtr | -0.1 | 0.1 | -0.5 | 0.1 | 0.4 | 0.0 | |
| 3rd qtr | 0.1 | 1.9 | 0.4 | 1.8 | -0.3 | 0.1 | |
| 4th qtr | 0.2 | 0.7 | -0.1 | 0.7 | 0.3 | 0.0 | |
2020 | 1st qtr | -1.5 | -0.8 | -1.8 | -1.5 | 0.3 | 0.7 |
| 2nd qtr | -9.4 | -10.5 | -10.0 | -11.3 | 0.6 | 0.8 | |
| 3rd qtr | 9.0 | -2.4 | 9.0 | -3.6 | 0.0 | 1.2 | |
| 4th qtr | 0.6 | -1.2 | 0.7 | -1.9 | -0.1 | 0.7 | |
2021 | 1st qtr | -1.5 | -2.3 | -1.7 | -3.0 | 0.2 | 0.7 |
| 2nd qtr | 2,0 | 10.6 | 2.2 | 10.8 | -0.2 | -0.2 | |
| 3rd qtr | 0.7 | 1.8 | 1.7 | 2.8 | -1.0 | -1.0 | |
| 4th qtr | 0.0 | 1.2 | -0.3 | 1.8 | 0.3 | -0.6 | |
2022 | 1st qtr | 0.8 | 3.9 | 0.2 | 4.0 | 0.6 | -0.1 |
| 2nd qtr | 0.0 | 1.5 | x | x | x | x | |
Further information:
Detailed results for second quarter of 2022 will be released by the Federal Statistical Office on 25 August 2022.
A long time series containing quarterly results on the gross domestic product since the first quarter of 1970 is available for download from the “National accounts, domestic product” webpage.
The GDP also forms part of the Crisis Monitor (www.destatis.de/krisenmonitor), by means of which the Federal Statistical Office compares the development of major shor-term indicators in the Covid-19 crisis and the financial and economic crisis of 2008/2009. The GDP is also available on the Corona statistics webpage (www.destatis.de/corona) and in the Dashboard Germany (www.dashboard-deutschland.de), together with other indicators which can be used to assess the economic consequences of the Covid-19 pandemic. The Dashboard Germany portal of the Federal Statistical Office combines up-to-date indicators of official statistics and indicators of other data providers on various topics such as economy and finance as well as environment, health and mobility.
