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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.

Gross domestic product,
Price-adjusted, chain-linked
 Unadjusted figuresFigures according to Census X-12-ARIMA
Seasonally and
calendar-adjusted
Calendar-adjusted 1Calendar
effect
2010 = 100%22010 = 100%32010 = 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 %.
2013104.390.3104.560.4104.560.4– 0.1
2014106.061.6106.211.6106.211.60.0
20131st qtr102.58– 1.7103.57– 0.3103.08– 0.5– 1.2
2nd qtr103.790.7104.510.9103.680.30.4
3rd qtr106.921.0104.900.4106.830.50.5
4th qtr104.281.2105.240.3104.631.3– 0.1
20141st qtr105.272.6105.990.7105.542.40.2
2nd qtr104.811.0105.93– 0.1105.111.4– 0.4
3rd qtr108.201.2106.130.2108.051.10.1
4th qtr105.951.6106.780.6106.141.40.2
20151st qtr106.551.2107.150.3106.721.10.1
2nd qtr106.501.6107.620.4106.801.60.0
3rd qtr110.121.8107.960.3109.891.70.1
Gross domestic product at current prices
 Unadjusted figuresSeasonally and calendar-adjusted
figures according to
Census X-12-ARIMA
EUR billionChange in %1EUR 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 %.

qtr = quarter

20132,820.8202.42,825.2202.5
20142,915.6503.42,919.8373.3
20131st qtr684.9600.4694.9250.3
2nd qtr697.1103.0704.7241.4
3rd qtr721.4703.0709.4790.7
4th qtr717.2803.2716.0920.9

2014

1st qtr715.9104.5724.0941.1
2nd qtr716.8502.8727.3180.4
3rd qtr742.5102.9730.0910.4
4th qtr740.3803.2738.3341.1
20151st qtr739.0703.2746.4861.1
2nd qtr743.4203.7754.0901.0
3rd qtr770.7203.8757.4890.5 

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