Press release No. 299 of 14 August 2018
Gross domestic product, 2nd quarter of 2018
- +0.5 % on the previous quarter (price, seasonally and calendar-adjusted)
- +2.3 % on the same quarter a year earlier (price-adjusted)
- +2.0 % on the same quarter a year earlier (price-and calendar-adjusted)
WIESBADEN – The German economy continues to grow. In the second quarter of 2018, the gross domestic product (GDP) rose 0.5% on the previous quarter after adjustment for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) also reports that GDP growth in the first quarter of 2018 had been slightly smaller (+0.4%).
The quarter-on-quarter comparison (price-, seasonally and calendar-adjusted) shows that positive contributions came from domestic demand. Final consumption expenditure of both households and general government increased. Capital formation was up, too. There was a slight increase in fixed capital formation in machinery and equipment, in construction and in other fixed assets compared with the first quarter of 2018. According to provisional calculations, the price-adjusted development of foreign trade was characterised by increasing exports and an even stronger rise in imports.
Compared with a year earlier, the price-adjusted GDP rose 2.3% in the second quarter of 2018 (first quarter of 2018: +1.4%). When calendar-adjusted, GDP growth in the second quarter of 2018 was 2.0% (following +2.1% in the first quarter of 2018). There was one working day more than in the second quarter of 2017.
The economic performance in the second quarter of 2018 was achieved by 44.8 million persons in employment whose place of employment was in the domestic territory. These were 599,000 people, or 1.4%, more than a year earlier.
As every year in August, new statistical information was incorporated in the calculations of results for the last four years (from 2014) and for the first quarter of 2018 (see table "Comparison between previous and new figures: gross domestic product, price-adjusted, chain-linked") in the context of the first calculation of data for the second quarter of 2018. As is usual for seasonally and calendar-adjusted series, modified results may also appear in the whole time series from 1991 onwards.
| Unadjusted figures | Figures according to Census X-12-ARIMA | |||||||
|---|---|---|---|---|---|---|---|---|
| Seasonally and calendar-adjusted | Calendar-adjusted 1 | Calendar effect | ||||||
| 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 %. qtr = quarter | ||||||||
| 2014 | 106.96 | 2.2 | 107.13 | 2.2 | 107.13 | 2.2 | 0.0 | |
| 2015 | 108.82 | 1.7 | 108.72 | 1.5 | 108.72 | 1.5 | 0.2 | |
| 2016 | 111.26 | 2.2 | 111.06 | 2.2 | 111.06 | 2.2 | 0.1 | |
| 2017 | 113.66 | 2.2 | 113.79 | 2.5 | 113.79 | 2.5 | -0.3 | |
| 2014 | 1st qtr | 106.15 | 3.2 | 106.73 | 1.0 | 106.44 | 3.0 | 0.2 |
| 2nd qtr | 105.62 | 1.5 | 106.67 | -0.1 | 105.94 | 1.9 | -0.4 | |
| 3rd qtr | 108.99 | 1.7 | 107.04 | 0.3 | 108.83 | 1.6 | 0.1 | |
| 4th qtr | 107.10 | 2.4 | 108.07 | 1.0 | 107.30 | 2.2 | 0.2 | |
| 2015 | 1st qtr | 107.51 | 1.3 | 107.92 | -0.1 | 107.67 | 1.2 | 0.1 |
| 2nd qtr | 107.51 | 1.8 | 108.56 | 0.6 | 107.86 | 1.8 | -0.0 | |
| 3rd qtr | 110.91 | 1.8 | 108.89 | 0.3 | 110.66 | 1.7 | 0.1 | |
| 4th qtr | 109.34 | 2.1 | 109.49 | 0.6 | 108.68 | 1.3 | 0.8 | |
| 2016 | 1st qtr | 109.68 | 2.0 | 110.49 | 0.9 | 110.27 | 2.4 | -0.4 |
| 2nd qtr | 111.45 | 3.7 | 110.98 | 0.4 | 110.29 | 2.3 | 1.4 | |
| 3rd qtr | 113.05 | 1.9 | 111.17 | 0.2 | 112.93 | 2.1 | -0.1 | |
| 4th qtr | 110.86 | 1.4 | 111.60 | 0.4 | 110.76 | 1.9 | -0.5 | |
| 2017 | 1st qtr | 113.40 | 3.4 | 112.84 | 1.1 | 112.63 | 2.1 | 1.2 |
| 2nd qtr | 112.45 | 0.9 | 113.46 | 0.5 | 112.76 | 2.2 | -1.3 | |
| 3rd qtr | 115.50 | 2.2 | 114.12 | 0.6 | 115.91 | 2.6 | -0.5 | |
| 4th qtr | 113.27 | 2.2 | 114.73 | 0.5 | 113.85 | 2.8 | -0.6 | |
| 2018 | 1st qtr | 114.95 | 1.4 | 115.15 | 0.4 | 114.97 | 2.1 | -0.7 |
| 2nd qtr | 115.09 | 2.3 | 115.67 | 0.5 | 114.98 | 2.0 | 0.4 | |
| Unadjusted figures | Seasonally and calendar-adjusted figures according to Census X-12-ARIMA | ||||
|---|---|---|---|---|---|
| EUR bn. | Change in % 1 | EUR bn. | Change in %2 | ||
1Change on the previous year or the same quarter of the preceding year in %. qtr = quarter | |||||
| 2014 | 2 938.590 | 4.0 | 2 943.045 | 4.0 | |
| 2015 | 3 048.860 | 3.8 | 3 045.953 | 3.5 | |
| 2016 | 3 159.750 | 3.6 | 3 154.109 | 3.6 | |
| 2017 | 3 277.340 | 3.7 | 3 281.332 | 4.0 | |
| 2014 | 1st qtr | 719.600 | 5.0 | 728.688 | 1.4 |
| 2nd qtr | 722.410 | 3.4 | 731.306 | 0.4 | |
| 3rd qtr | 747.800 | 3.4 | 736.348 | 0.7 | |
| 4th qtr | 748.780 | 4.1 | 746.703 | 1.4 | |
| 2015 | 1st qtr | 742.830 | 3.2 | 751.375 | 0.6 |
| 2nd qtr | 750.560 | 3.9 | 759.296 | 1.1 | |
| 3rd qtr | 775.480 | 3.7 | 763.468 | 0.5 | |
| 4th qtr | 779.990 | 4.2 | 771.814 | 1.1 | |
| 2016 | 1st qtr | 770.400 | 3.7 | 782.405 | 1.4 |
| 2nd qtr | 789.220 | 5.2 | 786.938 | 0.6 | |
| 3rd qtr | 799.880 | 3.1 | 788.846 | 0.2 | |
| 4th qtr | 800.250 | 2.6 | 795.920 | 0.9 | |
| 2017 | 1st qtr | 803.370 | 4.3 | 806.315 | 1.3 |
| 2nd qtr | 808.720 | 2.5 | 816.786 | 1.3 | |
| 3rd qtr | 833.240 | 4.2 | 825.711 | 1.1 | |
| 4th qtr | 832.010 | 4.0 | 832.520 | 0.8 | |
| 2018 | 1st qtr | 828.980 | 3.2 | 837.921 | 0.6 |
| 2nd qtr | 842.860 | 4.2 | 847.628 | 1.2 | |
| New result | Previous result | ||||
|---|---|---|---|---|---|
| chain index (2010 = 100) | percentage change1 | chain 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 | |||||
| 2014 | 107.13 | 2.2 | 106.86 | 1.9 | |
| 2015 | 108.72 | 1.5 | 108.47 | 1.5 | |
| 2016 | 111.06 | 2.2 | 110.48 | 1.9 | |
| 2017 | 113.79 | 2.5 | 113.26 | 2.5 | |
| 2014 | 1st qtr | 106.73 | 1.0 | 106.59 | 0.9 |
| 2nd qtr | 106.67 | -0.1 | 106.41 | -0.2 | |
| 3rd qtr | 107.04 | 0.3 | 106.75 | 0.3 | |
| 4th qtr | 108.07 | 1.0 | 107.70 | 0.9 | |
| 2015 | 1st qtr | 107.92 | -0.1 | 107.82 | 0.1 |
| 2nd qtr | 108.56 | 0.6 | 108.30 | 0.4 | |
| 3rd qtr | 108.89 | 0.3 | 108.65 | 0.3 | |
| 4th qtr | 109.49 | 0.6 | 109.11 | 0.4 | |
| 2016 | 1st qtr | 110.49 | 0.9 | 109.80 | 0.6 |
| 2nd qtr | 110.98 | 0.4 | 110.31 | 0.5 | |
| 3rd qtr | 111.17 | 0.2 | 110.68 | 0.3 | |
| 4th qtr | 111.60 | 0.4 | 111.14 | 0.4 | |
| 2017 | 1st qtr | 112.84 | 1.1 | 112.14 | 0.9 |
| 2nd qtr | 113.46 | 0.5 | 112.85 | 0.6 | |
| 3rd qtr | 114.12 | 0.6 | 113.68 | 0.7 | |
| 4th qtr | 114.73 | 0.5 | 114.37 | 0.6 | |
| 2018 | 1st qtr | 115.15 | 0.4 | 114.71 | 0.3 |
| 2nd qtr | 115.67 | 0.5 | x | x | |
| Unadjusted figures | |||||
| 2014 | 106.96 | 2.2 | 106.70 | 1.9 | |
| 2015 | 108.82 | 1.7 | 108.56 | 1.7 | |
| 2016 | 111.26 | 2.2 | 110.67 | 1.9 | |
| 2017 | 113.66 | 2.2 | 113.13 | 2.2 | |
| 2014 | 1st qtr | 106.15 | 3.2 | 105.93 | 3.0 |
| 2nd qtr | 105.62 | 1.5 | 105.36 | 1.3 | |
| 3rd qtr | 108.99 | 1.7 | 108.77 | 1.5 | |
| 4th qtr | 107.10 | 2.4 | 106.73 | 2.0 | |
| 2015 | 1st qtr | 107.51 | 1.3 | 107.30 | 1.3 |
| 2nd qtr | 107.51 | 1.8 | 107.24 | 1.8 | |
| 3rd qtr | 110.91 | 1.8 | 110.75 | 1.8 | |
| 4th qtr | 109.34 | 2.1 | 108.96 | 2.1 | |
| 2016 | 1st qtr | 109.68 | 2.0 | 108.88 | 1.5 |
| 2nd qtr | 111.45 | 3.7 | 110.75 | 3.3 | |
| 3rd qtr | 113.05 | 1.9 | 112.65 | 1.7 | |
| 4th qtr | 110.86 | 1.4 | 110.39 | 1.3 | |
| 2017 | 1st qtr | 113.40 | 3.4 | 112.55 | 3.4 |
| 2nd qtr | 112.45 | 0.9 | 111.86 | 1.0 | |
| 3rd qtr | 115.50 | 2.2 | 115.17 | 2.2 | |
| 4th qtr | 113.27 | 2.2 | 112.94 | 2.3 | |
| 2018 | 1st qtr | 114.95 | 1.4 | 114.37 | 1.6 |
| 2nd qtr | 115.09 | 2.3 | x | x | |
More detailed results will be released by the Federal Statistical Office on 24 August 2018.
A long time series with quarterly results on the gross domestic product starting with the first quarter of 1970 is available here.
