Press release No. 436 of 14 November 2019
Gross domestic product (GDP), 3 rd quarter of 2019
0.1% on the previous quarter (price, seasonally and calendar adjusted)
1.0% on the same quarter a year earlier (price adjusted)
0.5% on the same quarter a year earlier (price and calendar adjusted)
WIESBADEN - In the third quarter of 2019, the price-adjusted gross domestic product in Germany increased by 0.1% on the second quarter of 2019, after adjustment for seasonal and calendar variations. According to the most recent calculations, taking into account newly available statistical information, the GDP was down 0.2% in the second quarter of 2019, which is 0.1 percentage points more than first published. The Federal Statistical Office (Destatis) also reports that the increase in the first quarter of 2019 (0.5%) was by 0.1 percentage points larger than published earlier.
The quarter-on-quarter comparison (price-, seasonally and calendar-adjusted) shows that positive contributions in the third quarter of 2019 mainly came from consumption, according to provisional calculations. Compared with the second quarter of 2019, household final consumption expenditure increased, and so did government final consumption expenditure. Exports rose, while imports remained roughly at the level of the previous quarter. Also, gross fixed capital formation in construction was up on the previous quarter. Gross fixed capital formation in machinery and equipment, however, was lower than in the previous quarter.
Price-adjusted GDP rose 1.0% year on year. After calendar adjustment, GDP was up by 0.5% because the third quarter of 2019 had one working day more than the same quarter a year earlier. According to most recent calculations, price-adjusted GDP in the second quarter of 2019 was by 0.1% lower than a year earlier (calendar-adjusted: +0.3%), in the first quarter of 2019 it was by 0.9% higher (calendar-adjusted: +1.0%).
The economic performance in the third quarter of 2019 was achieved by 45.4 million persons in employment, which was an increase of 356,000, or 0.8%, on a year earlier.
| Unadjusted figures | Figures according to X13 | |||||||
|---|---|---|---|---|---|---|---|---|
| Seasonally and calendar-adjusted | Calendar-adjusted 1 | Calendar-effect | ||||||
| 2015 = 100 | % 2 | 2015 = 100 | % 3 | 2015 = 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 | ||||||||
| 2017 | 104.75 | 2.5 | 104.87 | 2.8 | 104.87 | 2.8 | -0.3 | |
| 2018 | 106.35 | 1.5 | 106.49 | 1.5 | 106.49 | 1.5 | 0.0 | |
| 2017 | 1st qtr | 103.58 | 3.6 | 103.79 | 1.2 | 102.89 | 2.4 | 1.2 |
| 2nd qtr | 103.17 | 1.0 | 104.37 | 0.6 | 103.45 | 2.3 | -1.3 | |
| 3rd qtr | 105.54 | 2.5 | 105.27 | 0.9 | 105.89 | 3.0 | -0.4 | |
| 4th qtr | 106.71 | 2.8 | 106.04 | 0.7 | 107.24 | 3.4 | -0.6 | |
| 2018 | 1st qtr | 105.28 | 1.6 | 106.18 | 0.1 | 105.30 | 2.3 | -0.7 |
| 2nd qtr | 105.75 | 2.5 | 106.59 | 0.4 | 105.66 | 2.1 | 0.4 | |
| 3rd qtr | 106.69 | 1.1 | 106.48 | -0.1 | 107.09 | 1.1 | 0.0 | |
| 4th qtr | 107.66 | 0.9 | 106.70 | 0.2 | 107.90 | 0.6 | 0.3 | |
| 2019 | 1st qtr | 106.24 | 0.9 | 107.20 | 0.5 | 106.36 | 1.0 | -0.1 |
| 2nd qtr | 105.69 | -0.1 | 106.94 | -0.2 | 106.00 | 0.3 | -0.4 | |
| 3rd qtr | 107.76 | 1.0 | 107.03 | 0.1 | 107.64 | 0.5 | 0.5 | |
| Unadjusted figures | Seasonally and calendar-adjusted figures according to X13 | ||||
|---|---|---|---|---|---|
| EUR billion | Change in %1 | EUR billion | Change in %2 | ||
1 Change on the previous year or the same quarter of the preceding year. qtr = quarter | |||||
| 2017 | 3,244.990 | 3.5 | 3,248.733 | 3.8 | |
| 2018 | 3,344.370 | 3.1 | 3,348.879 | 3.1 | |
| 2017 | 1st qtr | 793.760 | 4.2 | 796.995 | 1.1 |
| 2nd qtr | 796.100 | 2.1 | 807.549 | 1.3 | |
| 3rd qtr | 818.420 | 3.7 | 817.897 | 1.3 | |
| 4th qtr | 836.710 | 4.2 | 826.292 | 1.0 | |
| 2018 | 1st qtr | 819.260 | 3.2 | 828.320 | 0.2 |
| 2nd qtr | 827.660 | 4.0 | 836.138 | 0.9 | |
| 3rd qtr | 836.960 | 2.3 | 837.295 | 0.1 | |
| 4th qtr | 860.490 | 2.8 | 847.126 | 1.2 | |
| 2019 | 1st qtr | 841.680 | 2.7 | 851.770 | 0.5 |
| 2nd qtr | 845.110 | 2.1 | 856.774 | 0.6 | |
| 3rd qtr | 863.090 | 3.1 | 859.562 | 0.3 | |
| New result | Previous result | |||
|---|---|---|---|---|---|
| chain index (2015 = 100) | Change in %1 | chain index (2015 = 100) | Change in %1 | ||
| Seasonally and calendar-adjusted figures | |||||
| 1 Seasonally and calendar-adjusted figures: Change on the previous year or the previous quarter in %. Unadjusted figures: Change on the previous year or the same quarter of the preceding year in %. qtr = quarter | |||||
| 2019 | 1st qtr | 107.20 | 0.5 | 107.11 | 0.4 |
| 2nd qtr | 106.94 | -0.2 | 107.03 | -0.1 | |
| 3rd qtr | 107.03 | 0.1 | x | x | |
| Unadjusted figures | |||||
| 2019 | 1st qtr | 106.24 | 0.9 | 106.15 | 0.8 |
| 2nd qtr | 105.69 | -0.1 | 105.78 | 0.0 | |
| 3rd qtr | 107.76 | 1.0 | x | x | |
More detailed results will be released by the Federal Statistical Office on 22 November 2019. At that time, the results in the interactive national accounts dashboard (only in german) will be updated too.
A long time series with quarterly results on the gross domestic product starting with the first quarter of 1970 is available here.
