Normal view

Navigation and service

Logo Destatis - Statistisches Bundesamt, Link to homepage

Press release 044 / 2018-02-14: Gross domestic product in the 4th quarter of 2017 up 0.6% on the previous quarter

WIESBADEN – The German economy continued to grow at the end of 2017. In the fourth quarter of 2017, the gross domestic product (GDP) rose 0.6% on the previous quarter after adjustment for price, seasonal and calendar variations. The economic situation in Germany in 2017 thus was characterised by steady and strong growth (+0.9% in the first quarter, +0.6% in the second quarter and +0.7% in the third quarter). The Federal Statistical Office (Destatis) also reports that this results in a 2.2% increase (calendar-adjusted: +2.5%) for the whole year of 2017. The provisional annual GDP result released in January has been confirmed.

The quarter-on-quarter comparison (upon adjustment for price, seasonal and calendar variations) shows that positive contributions came mainly from foreign demand. According to provisional calculations, exports increased substantially in the fourth quarter of 2017. Arithmetically, the balance of exports and imports had a positive effect on the GDP in a quarter-on-quarter comparison. General government final consumption expenditure increased, whereas household final consumption expenditure remained roughly at the previous quarter's level. Gross fixed capital formation in machinery and equipment was slightly up on the previous quarter, while capital formation in construction was slightly down.

Measured by unadjusted figures, economic growth accelerated year on year, too. The price-adjusted GDP rose by 2.3% (calendar-adjusted: 2.9%) in the fourth quarter of 2017, following increases of +2.2% in the third quarter of 2017 (calendar-adjusted: 2.7%) and +1.0% in the second quarter of 2017 (calendar-adjusted: 2.3%).

The statistical carry-over effect at the end of 2017 is +1.0%. This is the rate of GDP change which would be obtained for 2018 if the seasonally and calendar-adjusted GDP in all quarters of 2018 just remained unchanged compared with the fourth quarter of 2017.

The economic performance in the fourth quarter of 2017 was achieved by 44.7 million persons in employment, which was an increase of 642,000, or 1.5%, on a year earlier.

In addition to calculating first data for the fourth quarter of 2017, the Federal Statistical Office reviewed the national accounting results published previously for the first three quarters and the year of 2017. This led to slight changes in the GDP in the third quarter of 2017.

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 %.
qtr = quarter
2016110.67 1.9 110.48 1.9 110.48 1.9  0.1 
2017113.13 2.2 113.26 2.5 113.26 2.5 – 0.3 
20161st qtr108.88 1.5 109.80 0.6 109.43 1.9 – 0.4 
2nd qtr110.75 3.3 110.31 0.5 109.63 1.9  1.4 
3rd qtr112.65 1.7 110.68 0.3 112.55 1.8 – 0.1 
4th qtr110.39 1.3 111.14 0.4 110.32 1.8 – 0.5 
20171st qtr112.55 3.4 112.14 0.9 111.78 2.1  1.2 
2nd qtr111.86 1.0 112.85 0.6 112.17 2.3 – 1.3 
3rd qtr115.17 2.2 113.68 0.7 115.58 2.7 – 0.4 
4th qtr112.94 2.3 114.37 0.6 113.51 2.9 – 0.6 
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

20163,144.050 3.3 3,138.772 3.2 
20173,263.350 3.8 3,267.265 4.1 

2016

1st qtr765.200 3.1 777.097 1.0 
2nd qtr784.050 4.7 782.336 0.7 
3rd qtr797.120 2.9 786.442 0.5 
4th qtr797.680 2.5 792.897 0.8 
20171st qtr798.080 4.3 801.039 1.0 
2nd qtr804.390 2.6 812.754 1.5 
3rd qtr831.050 4.3 823.972 1.4 
4th qtr829.830 4.0 829.500 0.7 
Comparison between previous and new figures
Gross domestic product. price-adjusted. chain-linked
New resultPrevious result
chain index
(2010 = 100)
percentage change1chain index
(2010 = 100)
percentage change1
1 Seasonally and calendar-adjusted figures: Change on the previous year or the same quarter of the preceding year in %.
Unadjusted figures: Change on the previous year or the same quarter of the preceding year in %.
qtr = quarter
Seasonally and calendar-adjusted figures according to Census X-12-ARIMA
2016110.481.9110.481.9
2017113.262.5xx
20161st qtr109.800.6109.800.6
2nd qtr110.310.5110.310.5
3rd qtr110.680.3110.680.3
4th qtr111.140.4111.140.4
20171st qtr112.140.9112.130.9
2nd qtr112.850.6112.840.6
3rd qtr113.680.7113.770.8
4th qtr114.370.6xx
Unadjusted figures
2016110.671.9110.671.9
2017113.132.2xx
20161st qtr108.881.5108.881.5
2nd qtr110.753.3110.753.3
3rd qtr112.651.7112.651.7
4th qtr110.391.3110.391.3
20171st qtr112.553.4112.553.4
2nd qtr111.861.0111.861.0
3rd qtr115.172.2115.272.3
4th qtr112.942.3xx

More detailed results will be released by the Federal Statistical Office on 23 February 2018.

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

For further information:
National accounts info team,
tel: +49 (0) 611 / 75 26 26,
contact form


© Statistisches Bundesamt (Destatis), 2018

Imprint – data protection – contact

Note on the use of cookies

We use cookies to provide you with an optimum website design and to continuously improve it. Access data are stored only in an anonymised form for optimisation purposes. By continuing to use this website, you agree to the use of cookies and to the storage of access data. For more information please refer to our data protection declaration.

OK