Germany nominal gross value added, seasonally adjusted
Germany nominal gross value added, seasonally adjusted stood at 1,064.56 EUR billion in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Quarterly national accounts table (Value · Quarterly), with a complete series running from Q1 1991 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Quarterly national accounts table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| All economic sectors, calendar and seasonally adjusted10 | 1,064.56 | 1,048.75 | 1,047.07 | 1,028.9 | 1,023.36 | 1,012.42 | 1,008.02 | 995.15 | 992.37 | 986.57 | |
| Real estate activities, seasonally adjusted only | 114.47 | 113.22 | 112.38 | 111.23 | 110.78 | 109.79 | 109.11 | 109.01 | 109.1 | 108.3 | |
| Agriculture, forestry and fishing, calendar and seasonally adjusted | 7.48 | 8.07 | 8.8 | 9.8 | 9.87 | 9.8 | 9.56 | 9.81 | 9.84 | 9.41 |
Understanding germany nominal gross value added, seasonally adjusted
Total remunerative output generated across every segment of the economy establishes the foundation for this overarching monetary gauge. It measures the absolute market value of all goods and services produced minus the cost of intermediate inputs used in their creation. Unlike headline expenditure aggregates, this perspective is built purely from the supply side, tracking the income generated by enterprises and the state before product taxes and subsidies are applied. Every industry from heavy manufacturing to intellectual property management combines to shape this unified portrait of national wealth creation.
Quarter-on-quarter momentum in this series offers a real-time snapshot of broad industrial health, as the removal of seasonal noise clarifies the underlying business cycle. Because these figures are expressed at current market prices, periodic updates reflect both actual physical expansion and shifting price environments simultaneously. Comparing this directly to volume indices is hazardous, as sudden spikes in input costs can artificially bloat the monetary reading even if factory floors and service sectors are physically producing less. Observers use this primarily to track the shifting nominal size of the productive base.
Frequently asked questions
- How does this broad measure relate to the overarching headline output figure?
- This supply-side aggregate forms the core of the overarching total, lacking only the final application of net product taxes to match the expenditure perspective.
- Are inflation effects filtered out of this aggregate?
- The metric deliberately captures current monetary values, meaning price fluctuations are deeply embedded in the final published figure.
- Why are intermediate materials deducted from the total?
- Subtracting the cost of inputs prevents double counting the same raw materials as they move through different stages of the production chain.