Germany GDP growth and components
Germany GDP growth and components, detailing quarterly national accounts by expenditure and output.
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| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| By expenditure3 | ||||||||||||||
| At current prices4 | ||||||||||||||
| Domestic demand, calendar and seasonally adjusted5 | +3.8% | +3.5% | +4.6% | +4.5% | +5.2% | +4.9% | +4.4% | +3.4% | +2.3% | +2.7% | +3.0% | +3.3% | +5.0% | |
| Government consumption, seasonally adjusted only | +5.6% | +6.3% | +6.5% | +5.3% | +5.9% | +7.0% | +5.4% | +6.9% | +6.9% | +5.6% | +5.2% | +4.8% | +2.5% | |
| Private consumption, calendar and seasonally adjusted | +3.2% | +2.6% | +3.9% | +3.7% | +3.9% | +4.3% | +4.5% | +3.7% | +3.0% | +3.8% | +5.0% | +5.3% | +7.7% | |
| Machinery and equipment, calendar and seasonally adjusted | +2.8% | +2.0% | +3.6% | +1.2% | −0.7% | −1.0% | −1.7% | −4.8% | −3.5% | 0.0% | +1.5% | +3.0% | +7.7% | |
| Premises, calendar and seasonally adjusted | +3.3% | +0.1% | +2.6% | +2.4% | +2.6% | +1.8% | +3.0% | 0.0% | −1.2% | +0.5% | −1.2% | +1.1% | +2.8% | |
| Changes in inventories and net increase in valuables, calendar and seasonally adjusted | +1.5% | +34.9% | +48.2% | +128.8% | +837.4% | +445.0% | +104.5% | +3.8% | −80.8% | −83.9% | −74.1% | −66.3% | −49.0% | |
| Exports of goods and services, calendar and seasonally adjusted | +7.4% | +1.7% | +0.1% | −0.4% | −0.5% | +2.2% | −1.2% | −0.1% | +0.8% | −1.9% | −1.3% | −3.2% | +1.2% | |
| Imports of goods and services, calendar and seasonally adjusted | +7.6% | +1.7% | +2.6% | +2.0% | +3.7% | +6.7% | +2.7% | +1.3% | −1.7% | −5.2% | −7.6% | −9.5% | −2.2% | |
| Net Exports of goods and services, calendar and seasonally adjusted | +3.5% | +1.0% | −33.3% | −28.9% | −41.2% | −36.0% | −34.1% | −14.5% | +34.8% | +39.3% | +134.3% | +239.3% | +85.7% | |
| Price-adjusted (chain-linked index, 2020=100)3 | ||||||||||||||
| Domestic demand, calendar and seasonally adjusted4 | +0.5% | +1.1% | +1.5% | +1.6% | +2.5% | +1.9% | +2.4% | +0.8% | −0.7% | −0.3% | −2.0% | −1.3% | −0.3% | |
| Government consumption, seasonally adjusted only | +3.0% | +3.8% | +2.1% | +1.1% | +1.4% | +2.3% | +4.2% | +4.7% | +4.3% | +2.5% | +0.5% | +0.2% | −2.7% | |
| Private consumption, calendar and seasonally adjusted | +0.4% | +0.1% | +1.3% | +1.1% | +1.5% | +1.8% | +2.4% | +1.3% | +0.5% | +1.2% | +0.7% | −0.8% | +0.4% | |
| Machinery and equipment, calendar and seasonally adjusted | +0.8% | +0.2% | +1.7% | −0.7% | −2.5% | −3.0% | −3.5% | −6.3% | −5.3% | −2.1% | −2.6% | −1.9% | +1.2% | |
| Premises, calendar and seasonally adjusted | −1.6% | −3.0% | −0.6% | −0.6% | −0.6% | −1.3% | −0.3% | −3.1% | −3.7% | −2.1% | −4.7% | −4.2% | −4.6% | |
| Exports of goods and services, calendar and seasonally adjusted | +3.5% | +0.3% | −0.6% | −1.0% | −1.7% | +0.1% | −2.6% | −1.6% | +0.2% | −2.2% | −0.8% | −1.6% | −0.2% | |
| Imports of goods and services, calendar and seasonally adjusted | +2.4% | +1.4% | +2.4% | +2.2% | +3.2% | +4.0% | +1.9% | +0.5% | −1.3% | −2.8% | −3.4% | −2.5% | +1.0% | |
| Contribution to GDP growth (percentage points)2 | ||||||||||||||
| Domestic demand5 | −85.7% | −400.0% | −16.7% | −80.0% | +250.0% | −83.3% | −160.0% | −300.0% | −66.7% | −150.0% | +233.3% | −200.0% | −25.0% | |
| Private consumption | −200.0% | −200.0% | +25.0% | −150.0% | −200.0% | −50.0% | −500.0% | −166.7% | −80.0% | +100.0% | −88.9% | −175.0% | +150.0% | |
| Government consumption | −100.0% | −200.0% | 0.0% | −50.0% | −166.7% | −100.0% | +100.0% | −250.0% | 0.0% | −120.0% | −100.0% | |||
| Machinery and equipment | 0.0% | −50.0% | −100.0% | −300.0% | −100.0% | +100.0% | −100.0% | −50.0% | ||||||
| Premises | −100.0% | −300.0% | 0.0% | 0.0% | −50.0% | −50.0% | −150.0% | 0.0% | −300.0% | 0.0% | −50.0% | −100.0% | ||
| Changes in inventories and net increase in valuables | −87.5% | −200.0% | −100.0% | −75.0% | −100.0% | −333.3% | −100.0% | −69.2% | −166.7% | −150.0% | −87.5% | |||
| Net Exports of goods and services2 | −128.6% | 0.0% | −77.8% | +133.3% | −100.0% | −142.9% | −250.0% | −57.1% | −160.0% | −800.0% | −400.0% | 0.0% | ||
| Exports of goods and services | −260.0% | +50.0% | −66.7% | −50.0% | −350.0% | −220.0% | −250.0% | −400.0% | −125.0% | −600.0% | −200.0% | −75.0% | +300.0% | |
| Imports of goods and services | +200.0% | −66.7% | +100.0% | −133.3% | −60.0% | −400.0% | −120.0% | −160.0% | −600.0% | −50.0% | +400.0% | −150.0% | −120.0% | |
| Gross value added by industry2 | ||||||||||||||
| At current prices1 | ||||||||||||||
| All economic sectors, calendar and seasonally adjusted10 | +4.0% | +3.6% | +3.9% | +3.4% | +3.1% | +2.6% | +1.7% | +1.9% | +2.8% | +3.0% | +6.6% | +7.5% | +8.1% | |
| Real estate activities, seasonally adjusted only | +3.3% | +3.1% | +3.0% | +2.0% | +1.5% | +1.4% | +3.6% | +4.7% | +7.0% | +7.8% | +7.3% | +8.7% | +9.2% | |
| Agriculture, forestry and fishing, calendar and seasonally adjusted | −24.2% | −17.7% | −7.9% | −0.1% | +0.3% | +4.1% | +2.0% | −2.6% | +6.6% | −8.4% | −12.1% | −0.4% | −6.1% | |
| Production sector (excluding construction), calendar and seasonally adjusted | +5.5% | +3.2% | +1.8% | +1.3% | +0.7% | −0.4% | −1.3% | −1.1% | −1.2% | −1.4% | +12.9% | +14.0% | +12.8% | |
| Construction, calendar and seasonally adjusted | +5.6% | +2.5% | +4.0% | +3.9% | +3.6% | +2.7% | +7.0% | +6.3% | +7.4% | +10.0% | +3.8% | +6.8% | +8.0% | |
| Wholesale / retail trade, transport and storage, hotel and restaurant services, calendar and seasonally adjusted | +4.0% | +3.0% | +1.8% | +2.2% | +2.6% | +2.2% | +0.9% | −0.2% | +1.0% | +0.9% | −0.6% | −0.9% | +1.1% | |
| Business services, calendar and seasonally adjusted | +2.6% | +3.8% | +4.4% | +3.5% | +3.0% | +2.4% | +1.0% | +1.4% | +2.9% | +2.8% | +5.6% | +8.1% | +8.9% | |
| Financial and insurance activities, calendar and seasonally adjusted | +4.4% | +7.2% | +7.8% | +5.2% | +3.4% | +1.6% | +1.7% | +1.7% | +1.7% | +2.3% | +4.2% | +11.7% | +14.6% | |
| Public services, education and health, calendar and seasonally adjusted | +4.5% | +4.9% | +7.3% | +6.7% | +6.9% | +7.1% | +4.4% | +5.7% | +6.1% | +6.9% | +7.3% | +6.0% | +6.1% | |
| Other services, calendar and seasonally adjusted | +2.8% | +3.7% | +5.1% | +4.9% | +4.6% | +4.1% | +4.3% | +5.1% | +6.0% | +6.3% | +6.1% | +6.8% | +7.7% | |
| Information and communication, calendar and seasonally adjusted | +4.9% | +5.0% | +6.3% | +4.7% | +3.8% | +3.7% | −0.8% | −0.8% | +1.0% | +2.3% | +10.2% | +10.4% | +13.0% | |
| Price-adjusted (chain-linked index, 2020=100)1 | ||||||||||||||
| All economic sectors, calendar and seasonally adjusted10 | +1.1% | +0.6% | +0.7% | +0.1% | −0.1% | −0.1% | −0.7% | +0.2% | +0.7% | 0.0% | −0.3% | −0.8% | −0.7% | |
| Real estate activities, seasonally adjusted only | +1.7% | +1.2% | +1.5% | +0.6% | +0.4% | +0.8% | +2.4% | +3.9% | +5.4% | +3.9% | +3.6% | +3.4% | +2.2% | |
| Agriculture, forestry and fishing, calendar and seasonally adjusted | −0.5% | 0.0% | +2.3% | +1.8% | +0.8% | +0.5% | −4.1% | −3.5% | −3.7% | −3.2% | −11.6% | −11.8% | −11.3% | |
| Production sector (excluding construction), calendar and seasonally adjusted | +0.9% | +0.1% | 0.0% | −0.7% | −0.9% | −1.7% | −2.4% | +0.5% | +0.4% | −0.4% | −1.5% | −3.5% | −1.7% | |
| Construction, calendar and seasonally adjusted | −1.6% | −3.5% | −2.3% | −2.8% | −3.6% | −3.8% | −1.2% | −1.4% | −0.9% | −0.4% | −3.4% | −3.1% | −5.1% | |
| Wholesale / retail trade, transport and storage, hotel and restaurant services, calendar and seasonally adjusted | +1.0% | +0.4% | +0.4% | +0.7% | +1.1% | +0.9% | −2.8% | −2.8% | −2.1% | −2.5% | −1.0% | −1.6% | −2.7% | |
| Business services, calendar and seasonally adjusted | +0.3% | +0.2% | +0.3% | −0.3% | −0.8% | −0.3% | −1.4% | −0.1% | +1.1% | −0.3% | +0.5% | +0.9% | +0.4% | |
| Financial and insurance activities, calendar and seasonally adjusted | +0.3% | 0.0% | −0.7% | −2.9% | −4.3% | −4.5% | −4.5% | −3.3% | −2.1% | −2.2% | −2.4% | −0.4% | −1.8% | |
| Public services, education and health, calendar and seasonally adjusted | +2.1% | +1.7% | +1.7% | +1.2% | +1.0% | +1.6% | +2.7% | +1.9% | +1.6% | +0.9% | −1.4% | −1.3% | −0.3% | |
| Other services, calendar and seasonally adjusted | +0.8% | +0.7% | +0.8% | −0.2% | 0.0% | +0.8% | +1.5% | +1.8% | +2.5% | +1.5% | +0.4% | +0.3% | −0.1% | |
| Information and communication, calendar and seasonally adjusted | +3.9% | +3.1% | +4.0% | +2.9% | +2.1% | +2.8% | −1.7% | −0.9% | +0.4% | +0.1% | +8.2% | +7.5% | +8.8% | |
| Income, productivity and unit labour costs6 | ||||||||||||||
| Compensation of employees per hour worked by employees1 | ||||||||||||||
| Compensation of employees per hour worked by employees, Whole economy, At current prices, seasonally adjusted only | +4.0% | +3.7% | +5.2% | +5.7% | +6.2% | +4.4% | +3.3% | +4.4% | +4.7% | +6.4% | +7.2% | +6.9% | +6.6% | |
| Households' income7 | ||||||||||||||
| Gross wages and salaries (residence concept) | +4.0% | +3.9% | +4.1% | +4.7% | +4.5% | +4.3% | +4.6% | +5.5% | +5.6% | +6.2% | +7.1% | +7.5% | +7.9% | |
| Net wages and salaries (residence concept) | +4.3% | +3.7% | +3.0% | +4.2% | +4.0% | +3.0% | +4.1% | +5.6% | +5.7% | +6.7% | +9.3% | +9.0% | +10.1% | |
| Disposable income / Including the increase in claims on company pension funds | +3.0% | +3.0% | +2.9% | +2.8% | +2.6% | +2.8% | +5.0% | +4.9% | +3.8% | +5.2% | +4.5% | +5.6% | +7.7% | |
| Saving | +3.8% | +3.7% | −6.0% | −4.6% | −7.5% | −4.9% | +9.8% | +13.9% | +10.1% | +21.3% | +5.5% | +10.7% | +14.0% | |
| Saving ratio | +1.0% | +1.0% | −9.0% | −7.2% | −9.9% | −7.4% | +4.7% | +7.8% | +5.7% | +14.9% | +1.0% | +5.1% | +6.1% | |
| Monetary social benefits received (net) | +4.8% | +4.6% | +4.0% | +3.6% | +4.3% | +5.1% | +6.1% | +7.1% | +6.9% | +6.2% | +7.3% | +5.5% | +7.4% | |
| Mass income | +4.5% | +4.0% | +3.3% | +4.0% | +4.1% | +3.6% | +4.7% | +6.1% | +6.1% | +6.6% | +8.7% | +7.9% | +9.2% | |
| Labour productivity per hour worked by persons in employment1 | ||||||||||||||
| Labour productivity per hour worked by persons in employment, Whole economy, Chain-linked index, seasonally adjusted only | +1.4% | +1.0% | +1.4% | +1.2% | +1.5% | +0.1% | −0.7% | −0.3% | −0.3% | −0.1% | −0.6% | −1.5% | −1.6% | |
| Overall economy7 | ||||||||||||||
| National income, At current prices, seasonally adjusted only | +4.3% | +3.8% | +4.3% | +3.4% | +2.4% | +1.7% | +1.3% | +2.3% | +4.8% | +2.7% | +6.2% | +6.7% | +6.9% | |
| Entrepreneurial and property income, At current prices, seasonally adjusted only | +5.4% | +3.8% | +3.5% | −0.9% | −4.1% | −6.0% | −7.2% | −5.0% | +2.6% | −4.7% | +4.4% | +5.2% | +5.4% | |
| Compensation of employees (residence concept), At current prices, seasonally adjusted only | +3.9% | +3.8% | +4.6% | +5.1% | +4.9% | +4.7% | +4.8% | +5.5% | +5.6% | +6.0% | +6.9% | +7.3% | +7.5% | |
| GDP, Price index, seasonally adjusted only | +2.7% | +2.7% | +3.2% | +3.1% | +2.9% | +2.8% | +2.3% | +2.9% | +3.3% | +3.9% | +6.7% | +7.1% | +7.3% | |
| GDP, At current prices, calendar and seasonally adjusted | +3.8% | +3.4% | +3.5% | +3.5% | +3.4% | +3.1% | +2.7% | +2.7% | +3.2% | +3.9% | +5.7% | +6.1% | +6.4% | |
| Employees, At current prices, calendar and seasonally adjusted | −0.4% | −0.3% | −0.2% | 0.0% | 0.0% | +0.1% | +0.2% | +0.2% | +0.3% | +0.4% | +0.6% | +0.8% | +0.9% | |
| GDP, Chain-linked index, calendar and seasonally adjusted | +1.0% | +0.7% | +0.3% | +0.3% | +0.4% | +0.3% | +0.4% | −0.1% | −0.1% | 0.0% | −0.9% | −1.0% | −0.8% | |
| Unit labor costs per unit of turnover on an hourly basis2 | ||||||||||||||
| At current prices | −0.2% | 0.0% | +0.6% | +1.2% | +1.6% | +1.5% | +1.7% | +1.8% | +1.6% | +2.5% | +1.1% | +1.3% | +1.0% | |
| Chain-linked index | +2.6% | +2.7% | +3.8% | +4.4% | +4.6% | +4.3% | +4.1% | +4.7% | +5.0% | +6.5% | +7.8% | +8.5% | +8.4% | |
| Unit labour costs per hour7 | ||||||||||||||
| Production sector (excluding construction) | +2.1% | +1.8% | +2.1% | +3.4% | +3.9% | +3.6% | +6.0% | +1.5% | +3.2% | +6.6% | +8.0% | +12.0% | +9.2% | |
| Construction | +4.5% | +5.7% | +3.8% | +5.5% | +8.4% | +6.2% | +5.4% | +3.3% | +2.2% | +7.3% | +8.7% | +10.2% | +12.3% | |
| Wholesale, retail trade, transport and storage, hotel and restaurant services | +2.0% | +2.3% | +2.7% | +2.1% | +2.2% | +4.4% | +7.5% | +8.3% | +6.9% | +8.0% | +8.2% | +9.2% | +12.3% | |
| Business services | +2.3% | +3.8% | +2.9% | +5.6% | +8.2% | +5.6% | +5.9% | +4.8% | +3.7% | +7.3% | +5.5% | +7.7% | +7.0% | |
| Financial and insurance activities | +6.5% | +5.7% | +7.8% | +10.5% | +13.3% | +7.9% | +14.0% | +12.3% | +10.8% | +12.5% | +8.4% | +6.2% | +7.2% | |
| Real estate activities | +3.1% | +4.4% | +6.7% | +5.2% | +4.1% | +1.6% | +3.0% | +4.6% | +4.2% | +5.9% | +5.3% | +1.9% | +4.9% | |
| Information and communication | +0.8% | +0.9% | −0.6% | +2.7% | +2.1% | +3.1% | +10.8% | +8.0% | +7.2% | +8.2% | −1.1% | +1.0% | +1.8% |
Latest reading
The series on this page is quarterly and runs from Q1 1991 to Q2 2026. Source: Deutsche Bundesbank.
About this data
Germany GDP growth and components, detailing quarterly national accounts by expenditure and output. It tracks private and government consumption, exports, imports, and gross value added across industries like construction, real estate and financial activities. The figures are published by the Deutsche Bundesbank at current prices and as chain-linked volume indices based to 2020. Available since 1970, the quarterly statistics include calendar and seasonally adjusted time series.
Frequently asked questions
- What is the latest figure for Germany GDP growth and components?
- The latest reading is 106.26, for Q2 2026. That is +0.3% from Q1 2026 and +1.0% from a year earlier.
- Is Germany GDP growth and components at a high or a low right now?
- The year-on-year change of +1.0% is the highest since Q3 2022.
- How far back does the Germany GDP growth and components data go?
- The series on this page is quarterly and runs from Q1 1991 to Q2 2026. Source: Deutsche Bundesbank. Every series in the table can be charted over its full history and downloaded as CSV or Excel.
- What does the Germany GDP growth and components dataset measure?
- It measures the quarterly economic output of Germany through the expenditure, output and income approaches. This includes private consumption, net exports of goods and services, gross value added by industry, and national income components.
- Which industry breakdowns are available for Germany's gross value added?
- The output approach breaks down gross value added by sectors such as construction, financial and insurance activities, information and communication, and real estate. It also covers agriculture, business services, and the broader production sector.
- How should I read the seasonally adjusted German GDP data?
- Many series for Germany GDP growth and components are both calendar and seasonally adjusted to remove normal seasonal fluctuations and working-day variations. This allows for a more accurate comparison of quarter-on-quarter economic performance.