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Press release 269 / 2013-08-14: Gross domestic product up 0.7% in 2nd quarter of 2013

WIESBADEN – Following a weak start into the year, the German economy is gaining momentum. The Federal Statistical Office (Destatis) reports that, compared with the previous quarter, the gross domestic product (GDP) increased by 0.7% in the second quarter of 2013 after adjustment for price, seasonal and calendar variations. According to the most recent calculations, the German economy had stagnated in the first quarter of 2013, following a 0.5% decrease of the GDP in the last quarter of 2012.

In the second quarter of 2013, positive contributions were made mainly by domestic demand. Final consumption expenditure was up both for households and government when compared with the previous quarter. Also, there was a marked increase in fixed capital formation, one of the main reasons probably being weather-related catch-up effects following the unusually long and cold winter. In addition, the quarter-on-quarter increase in exports was somewhat larger than the rise in imports, so that the balance of exports and imports also contributed to GDP growth.

In a year-on-year comparison, too, the GDP increased. The price-adjusted GDP in the second quarter of 2013 was by 0.9% higher (by 0.5% in calendar-adjusted terms) than in the second quarter of 2012.

According to provisional calculations, the GDP in the second quarter of 2013 was achieved by 41.8 million persons in employment in the domestic territory, which was an increase of 242,000 persons or 0.6% on a year earlier.

In the context of the first calculation of data for the second quarter of 2013, the results published so far for the last four years (from 2009) were also revised and corrected where required, as is done every year in August. Corrections of the seasonally and calendar-adjusted results may occur in the entire time series from 1991.

The current recalculation resulted in change rates for the annual and quarterly GDP which deviate by up to 0.5 percentage points from the results published before. Especially the GDP change rates for the quarters and the year of 2011, for which results of annual basic statistics were now available for the first time, were mainly corrected upwards (see table entitled “Comparison between previous and new results – gross domestic product, price-adjusted, chain-linked”).

Such regular revisions are conducted on a routine basis, so that the calculations include statistical information that has just become available. The calculation of the GDP and other macroeconomic aggregates is thus successively put on a statistically better founded data basis. The complete basic statistics required for a “final” calculation of national accounting results are available after four years at the latest, so that the results will be final and will no longer require regular revision only after that period.

More detailed results will be released by the Federal Statistical Office on 23 August 2013.

Gross domestic product
Price-adjusted, chain-linked
 

 

Unadjusted figures

 

Figures according to Census X-12-ARIMA
Seasonally and calendar-adjustedCalendar-adjusted 1Calendar effect
2005 = 100%22005 = 100%32005 = 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 %.
2009 102.68–5.1 102.61–5.1 102.62–5.1 –0.1 
2010 106.80 4.0 106.57 3.9 106.57 3.8  0.1 
2011 110.36 3.3 110.20 3.4 110.20 3.4 –0.1 
2012 111.12 0.7 111.19 0.9 111.18 0.9 –0.2 
20091st qtr100.23–6.5 101.78–4.1 100.44–6.7  0.3 
2nd qtr101.08–7.5 102.03 0.2 101.36–6.3 –1.3 
3rd qtr105.05–5.0 102.79 0.7 104.84–5.1  0.1 
4th qtr104.37–1.6 103.85 1.0 103.82–2.3  0.7 
20101st qtr102.96 2.7 104.35 0.5 103.04 2.6  0.1 
2nd qtr105.80 4.7 106.44 2.0 105.69 4.3  0.4 
3rd qtr109.69 4.4 107.30 0.8 109.48 4.4 –0.0 
4th qtr108.74 4.2 108.20 0.8 108.08 4.1  0.1 
20111st qtr108.78 5.7 109.86 1.5 108.54 5.3  0.3 
2nd qtr109.38 3.4 109.96 0.1 109.16 3.3  0.1 
3rd qtr112.83 2.9 110.43 0.4 112.72 3.0 –0.1 
4th qtr110.45 1.6 110.54 0.1 110.36 2.1 –0.5 
20121st qtr110.74 1.8 111.27 0.7 109.97 1.3  0.5 
2nd qtr109.99 0.6 111.18–0.1 110.35 1.1 –0.5 
3rd qtr113.29 0.4 111.40 0.2 113.74 0.9 –0.5 
4th qtr110.45 0.0 110.89–0.5 110.67 0.3 –0.3 
20131st qtr109.01–1.6 110.89 0.0 109.61–0.3 –1.2 
2nd qtr110.97 0.9 111.69 0.7 110.86 0.5  0.4 
Gross domestic product at current prices
 Unadjusted figuresSeasonally and calendar-adjusted figures according to Census X-12-ARIMA
Euro billionChange in %1Euro billionChange in %2
1 Change on the previous year or the same quarter of the preceding year in %.
2 Change on the previous year or previous quarter in %.
20092,374.20–4.0 2,372.55–4.0 
20102,495.00 5.1 2,489.69 4.9 
20112,609.90 4.6 2,606.02 4.7 
20122,666.40 2.2 2,668.01 2.4 
20091st qtr573.67–5.7 584.62–4.0 
2nd qtr577.44–6.6 587.90 0.6 
3rd qtr608.81–3.6 596.04 1.4 
4th qtr614.28–0.2 603.99 1.3 
20101st qtr597.83 4.2 608.05 0.7 
2nd qtr611.76 5.9 620.61 2.1 
3rd qtr640.76 5.2 627.10 1.0 
4th qtr644.65 4.9 633.93 1.1 
20111st qtr638.14 6.7 646.70 2.0 
2nd qtr640.93 4.8 649.61 0.4 
3rd qtr667.91 4.2 653.91 0.7 
4th qtr662.92 2.8 655.80 0.3 
20121st qtr657.70 3.1 663.16 1.1 
2nd qtr653.15 1.9 665.49 0.4 
3rd qtr680.82 1.9 669.68 0.6 
4th qtr674.73 1.8 669.68 0.0 
20131st qtr660.62 0.4 674.39 0.7 
2nd qtr675.22 3.4 684.91 1.6 
Comparison between previous and new results
Gross domestic product
Price-adjusted, chain-linked
 New resultPrevious result
Chain index
(2005 = 100)
Change
in %1
Chain index
(2005 = 100)
Change
in %1
1 Seasonally and calendar-adjusted figures: Change on the previous year or previous quarter in %.Unadjusted figures: Change on the previous year or the same quarter of the preceding year in %.
X = cell blocked for logical reasons
Seasonally and calendar-adjusted figures according to Census X-12-ARIMA
2009102.61–5.1 102.63–5.1 
2010106.57 3.9 106.76 4.0 
2011110.20 3.4 110.07 3.1 
2012111.19 0.9 111.02 0.9 
20091st qtr101.78–4.1 101.80–4.1 
2nd qtr102.03 0.2 102.05 0.2 
3rd qtr102.79 0.7 102.86 0.8 
4th qtr103.85 1.0 103.80 0.9 
20101st qtr104.35 0.5 104.49 0.7 
2nd qtr106.44 2.0 106.80 2.2 
3rd qtr107.30 0.8 107.55 0.7 
4th qtr108.20 0.8 108.20 0.6 
20111st qtr109.86 1.5 109.53 1.2 
2nd qtr109.96 0.1 110.03 0.5 
3rd qtr110.43 0.4 110.43 0.4 
4th qtr110.54 0.1 110.27–0.1 
20121st qtr111.27 0.7 110.96 0.6 
2nd qtr111.18–0.1 111.14 0.2 
3rd qtr111.40 0.2 111.38 0.2 
4th qtr110.89–0.5 110.61–0.7 
20131st qtr110.89 0.0 110.68 0.1 
2nd qtr111.69 0.7 xx
Unadjusted figures
2009102.68–5.1 102.70–5.1 
2010106.80 4.0 106.97 4.2 
2011110.36 3.3 110.21 3.0 
2012111.12 0.7 110.95 0.7 
20091st qtr100.23–6.5 100.23–6.5 
2nd qtr101.08–7.5 101.14–7.4 
3rd qtr105.05–5.0 105.05–5.0 
4th qtr104.37–1.6 104.37–1.6 
20101st qtr102.96 2.7 103.07 2.8 
2nd qtr105.80 4.7 106.21 5.0 
3rd qtr109.69 4.4 109.81 4.5 
4th qtr108.74 4.2 108.79 4.2 
20111st qtr108.78 5.7 108.42 5.2 
2nd qtr109.38 3.4 109.49 3.1 
3rd qtr112.83 2.9 112.64 2.6 
4th qtr110.45 1.6 110.28 1.4 
20121st qtr110.74 1.8 110.38 1.8 
2nd qtr109.99 0.6 110.06 0.5 
3rd qtr113.29 0.4 113.08 0.4 
4th qtr110.45 0.0 110.28 0.0 
20131st qtr109.01–1.6 108.86–1.4 
2nd qtr110.97 0.9 xx

A long time series with quarterly results on the gross domestic product starting with the first quarter of 1970 is available here.

>>> brief methodological description

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