Press release 419 / 2015-11-13: Gross domestic product up 0.3% in 3rd quarter of 2015
WIESBADEN – The German economy has shown continued moderate growth: In the third quarter of 2015, the gross domestic product (GDP) rose 0.3% on the second quarter of the year after adjustment for price, seasonal and calendar variations. In the first half of the year, the GDP had also increased moderately, that is, by 0.4% in the second quarter and by 0.3% in the first quarter of 2015.
In a quarter-on-quarter comparison (adjusted for price, seasonal and calendar variations), positive contributions were made mainly by domestic final consumption expenditure. The final consumption expenditure of both households and government was up again. By contrast, gross fixed capital formation decreased slightly. According to provisional calculations, the development of foreign trade also had a downward effect on growth because the increase in imports was markedly larger than that of exports.
In a year-on-year comparison, economic growth accelerated slightly. The price-adjusted GDP in the third quarter of 2015 was up by 1.8% (1.7% when calendar-adjusted), following a 1.6% increase in the second quarter and a 1.2% increase in the first quarter of 2015 (1.6% and 1.1%, respectively, when calendar-adjusted).
The economic performance in the third quarter of 2015 was achieved by 43.2 million persons in employment in the domestic territory, which was an increase of 343,000 or 0.8% on a year earlier.
In the context of calculating first data for the third quarter of 2015, the national accounting results published previously for the first two quarters of 2015 were reviewed and revised where necessary. This did not result in any changes of the gross domestic product data published so far.
More detailed results will be released by the Federal Statistical Office on 24 November 2015.
A long time series with quarterly results on the gross domestic product starting with the first quarter of 1970 is available here.
|Unadjusted figures||Figures according to Census X-12-ARIMA|
|Seasonally and |
|Calendar-adjusted 1||Calendar |
|2010 = 100||%2||2010 = 100||%3||2010 = 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 %.
|2013||1st qtr||102.58||– 1.7||103.57||– 0.3||103.08||– 0.5||– 1.2|
|4th qtr||104.28||1.2||105.24||0.3||104.63||1.3||– 0.1|
|2nd qtr||104.81||1.0||105.93||– 0.1||105.11||1.4||– 0.4|
|Unadjusted figures||Seasonally and calendar-adjusted |
figures according to
|EUR billion||Change in %1||EUR billion||Change in %2|
qtr = quarter
For further information:
National accounts info team,
tel: +49 611 75 2626,