Press release No. 457 of 28 October 2022
Gross domestic product (GDP), 3rd quarter of 2022
0.3% on the previous quarter (price, seasonally and calendar adjusted)
1.1% on the same quarter a year earlier (price adjusted)
1.2% on the same quarter a year earlier (price and calendar adjusted)
WIESBADEN – The gross domestic product (GDP) rose by 0.3% in the third quarter of 2022 on the second quarter of 2022, adjusted for price, seasonal and calendar variations. After the slight increase seen in the second quarter of 2022 (+0.1%), the German economy managed to hold its ground despite difficult framework conditions of the global economy, with the continuing Covid-19 pandemic, supply chain interruptions, rising prices and the war in Ukraine. The economic performance in the third quarter of 2022 was mainly based on private consumption expenditure.
Gross domestic product increased year on year
GDP in the third quarter of 2022 was up a price adjusted 1.1% and a price and calendar adjusted 1.2% from the third quarter of 2021. Compared with the fourth quarter of 2019, the quarter before the Covid-19 crisis began, the price, seasonally and calendar adjusted GDP for the first time exceeded the pre-pandemic level in the third quarter of 2022 (+0.2%).
Due to the continuing Covid-19 crisis and the impact of 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 third quarter of 2022, the Federal Statistical Office reviewed the results published earlier and included new statistical information in the calculations for the first and second quarter of 2022, as it usually does at this publication date. This resulted in only slight changes of up to 0.1 percentage points in the price adjusted GDP data published previously. 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 | ||||||||
| 2021 | 3,601.75 | 5.8 | 105.87 | 2.6 | 105.61 | 2.6 | 2.6 | |
2021 | 1st qtr | 862.03 | -0.6 | 103.29 | -2.3 | 103.70 | -1.5 | -2.1 |
| 2nd qtr | 878.06 | 11.5 | 104.65 | 10.6 | 105.70 | 1.9 | 10.1 | |
| 3rd qtr | 915.99 | 6.3 | 107.31 | 1.8 | 106.53 | 0.8 | 1.9 | |
| 4th qtr | 945.67 | 6.3 | 108.24 | 1.2 | 106.50 | 0.0 | 1.2 | |
2022 | 1st qtr | 936.19 | 8.6 | 107.28 | 3.9 | 107.35 | 0.8 | 3.6 |
| 2nd qtr | 945.73 | 7.7 | 106.46 | 1.7 | 107.46 | 0.1 | 1.6 | |
| 3rd qtr | 966.22 | 5.5 | 108.45 | 1.1 | 107.75 | 0.3 | 1.2 | |
| 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 the previous quarter; qtr = quarter | |||||||
| Change, percent 1 | Percentage points | ||||||
2022 | 1st qtr | 0.8 | 3.9 | 0.8 | 3.9 | 0.0 | 0.0 |
| 2nd qtr | 0.1 | 1.7 | 0.1 | 1.8 | 0.0 | -0.1 | |
| 3rd qtr | 0.3 | 1.1 | x | x | x | x | |
Further information:
Detailed results for the third quarter of 2022 will be released by the Federal Statistical Office on 25 November 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.
Russia’s attack on Ukraine and the related sanctions have an impact on many parts of the economy and society. We have compiled data and information on the subject for you on a special webpage.
