Press release No. 037 of 30 January 2023
Gross domestic product (GDP), 4th quarter of 2022
-0.2% on the previous quarter (price, seasonally and calendar adjusted)
0.5% on the same quarter a year earlier (price adjusted)
1.1% on the same quarter a year earlier (price and calendar adjusted)
WIESBADEN – The gross domestic product (GDP) fell by 0.2% in the fourth quarter of 2022 on the third quarter of 2022 after adjustment for price, seasonal and calendar variations. After the German economy managed to perform well despite difficult conditions in the first three quarters, economic performance slightly decreased in the fourth quarter of 2022. Especially the price, seasonally and calendar adjusted private consumption expenditure, which had supported the German economy in the first three quarters, was lower than in the previous quarter. The Federal Statistical Office (Destatis) also reports that the price adjusted GDP rose by 1.8% in 2022. Economic growth was 1.9% after adjustment for price and calendar effects. This means a downward revision of the original result by 0.1 percentage points.
Gross domestic product increased year on year
GDP in the fourth quarter of 2022 was up a price adjusted 0.5% and a price and calendar adjusted 1.1% from the fourth quarter of 2021. One of the reasons for the difference between these figures and the non calendar adjusted value is that the number of working days available in the fourth quarter of 2022 was an average 1.2 days smaller than in the same quarter a year earlier.
Due to the continuing Covid-19 crisis and the impact of the war in Ukraine, these results are subject to larger uncertainties than usual.
Revision of previous results
In addition to calculating data for the fourth quarter of 2022, the Federal Statistical Office reviewed the results published earlier and included new statistical information in the calculations for the remaining quarters of 2022, as usual. This resulted in a 0.1 percentage point change of the quarterly price adjusted GDP published previously for the third quarter. Detailed data on the recalculations are shown in the table “Comparison between old and new figures” at the end of this press release.
| Unadjusted figures | Figures according to X13 price adjusted | |||||||
|---|---|---|---|---|---|---|---|---|
| At current prices | Price adjusted, chain-linked | Seasonally and calendar adjusted | Calendar adjusted | |||||
| EUR billion | % 1 | 2015 = 100 | % 1 | 2015 = 100 | % 2 | % 1 3 | ||
| 1 Change on the previous year or the same quarter of the preceding year in %. 2 Change on the previous year or quarter in %. 3 As for year the calendar adjusted values equal the seasonally and calendar adjusted values (except for differences due to rounding). qtr = quarter | ||||||||
| 2021 | 3,601.75 | 5.8 | 105.87 | 2.6 | 105.61 | 2.6 | 2.6 | |
| 2022 | 3,867.05 | 7.4 | 107.81 | 1.8 | 107.62 | 1.9 | 1.9 | |
2021 | 1st qtr | 862.03 | -0.6 | 103.29 | -2.3 | 103.70 | -1.5 | -2.1 |
| 2nd qtr | 878.06 | 11.5 | 104.65 | 10.6 | 105.70 | 1.9 | 10.1 | |
| 3rd qtr | 915.99 | 6.3 | 107.31 | 1.8 | 106.53 | 0.8 | 1.9 | |
| 4th qtr | 945.67 | 6.3 | 108.24 | 1.2 | 106.50 | 0.0 | 1.2 | |
2022 | 1st qtr | 938.99 | 8.9 | 107.28 | 3.9 | 107.35 | 0.8 | 3.6 |
| 2nd qtr | 948.58 | 8.0 | 106.46 | 1.7 | 107.46 | 0.1 | 1.6 | |
| 3rd qtr | 972.17 | 6.1 | 108.68 | 1.3 | 107.97 | 0.5 | 1.4 | |
| 4th qtr | 1,007.31 | 6.5 | 108.82 | 0.5 | 107.71 | -0.2 | 1.1 | |
| New result | Previous result | Difference | |||||
|---|---|---|---|---|---|---|---|
| Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | ||
1 Seasonally and calendar adjusted figures: change on the previous quarter; qtr = quarter | |||||||
| Change, percent 1 | Percentage points | ||||||
| 2022 | 1.9 | 1.8 | 2.0 | 1.9 | -0.1 | -0.1 | |
2022 | 1st qtr | 0.8 | 3.9 | 0.8 | 3.9 | 0.0 | 0.0 |
| 2nd qtr | 0.1 | 1.7 | 0.1 | 1.7 | 0.0 | 0.0 | |
| 3rd qtr | 0.5 | 1.3 | 0.4 | 1.2 | 0.1 | 0.1 | |
| 4th qtr | -0.2 | 0.5 | x | x | x | x | |
Further information:
Detailed results for the fourth quarter of 2022 will be released by the Federal Statistical Office on 24 February 2023.
A long time series containing quarterly results on the gross domestic product since the first quarter of 1970 is available for download from the “National Accounts, Domestic Product” webpage.
The GDP is available also in the Dashboard Germany (www.dashboard-deutschland.de) (only in german). This data portal of the Federal Statistical Office combines up-to-date indicators of official statistics and from other data providers on the topics of economy and finance as well as health and mobility. A tool also available there is the Economic Pulse Monitor (Pulsmesser Wirtschaft). It can be used for real-time monitoring of the economic development.
Russia’s attack on Ukraine and the related sanctions have an impact on many parts of the economy and society. We have compiled data and information on the subject on a special webpage. (only in german)
