German government machinery investment, chain-linked index
German government machinery investment, chain-linked index stood at 136.83 in 2025, according to Deutsche Bundesbank. It is one of the indicators in the National accounts (annual) table (Value · Annual), with a complete series running from 1991 to 2025. The complete series with an interactive chart, free to download.
This indicator in the National accounts (annual) table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross fixed capital formation of general government, Chain-linked index | 116.58 | 106.46 | 95.91 | 95.91 | 96.62 | 100 | 91.19 | 89.43 | 84.14 | 81.16 | |
| Gross fixed capital formation in machinery and equipment of general government, Chain-linked index | 136.83 | 106.68 | 88.45 | 90.73 | 92.25 | 100 | 86.74 | 86.39 | 76.08 | 71.33 | |
| Gross fixed capital formation in construction of general government, Chain-linked index | 107.96 | 103.74 | 95.2 | 93.64 | 96.35 | 100 | 90.45 | 88.19 | 84.5 | 81.76 |
Understanding german government machinery investment, chain-linked index
Isolates the public sector's acquisition of physical equipment, hardware, and transport vehicles, measuring pure volume alterations net of price distortions. This specific slice of state investment captures purchases ranging from hospital apparatus and municipal refuse trucks to administrative IT servers. It differs from broader public capital formation by omitting all building works and intangible assets like software. Compared to its private-sector equivalent, this index reflects administrative and public service capacity requirements rather than industrial or commercial tooling, focusing purely on the movable physical assets required for government operations.
Tracking these annual equipment additions demands an understanding of public procurement timelines, which often cluster around the end of fiscal budgetary cycles. The chain-linked calculation references the 2020 base to ensure technological improvements in equipment are factored out of the price deflator and accurately reflected as volume shifts. Preliminary releases might be adjusted as delayed invoices from local authorities are integrated into the national accounts. Year-on-year evaluations provide a reliable view of fleet renewals and hardware upgrades, though analysts must be careful not to confuse this index of physical equipment with aggregate technology spending, since software is recorded elsewhere.
Frequently asked questions
- Are custom software platforms for government departments included here?
- Software and databases are classed as intellectual property products and thus excluded from this specific machinery and equipment aggregate.
- Do leased vehicles count toward this government investment index?
- Assets acquired under financial leases are typically capitalized and included, whereas operational leases are treated as intermediate consumption rather than fixed capital.
- How does base year chain-linking affect the measurement of computing equipment?
- The methodology adjusts for quality improvements over time, ensuring that advances in processing power are recognized as volume alterations rather than pure price effects.