Germany real domestic demand index, seasonally adjusted
Germany real domestic demand index, seasonally adjusted stood at 108.73 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Domestic demand, calendar and seasonally adjusted4 | 108.73 | 108.59 | 108.92 | 108.35 | 108.17 | 107.37 | 107.28 | 106.66 | 105.55 | 105.39 | |
| Government consumption, seasonally adjusted only | 110.88 | 110.72 | 109.71 | 108.44 | 107.61 | 106.71 | 107.46 | 107.28 | 106.1 | 104.3 | |
| Private consumption, calendar and seasonally adjusted | 111.67 | 111.53 | 112.18 | 111.11 | 111.22 | 111.37 | 110.72 | 109.89 | 109.56 | 109.36 |
Understanding germany real domestic demand index, seasonally adjusted
The inflation-adjusted volume of total internal expenditure, capturing private consumption, public outlays, and gross capital formation expressed as a chain-linked index relative to the 2020 base year. This series strips away the illusion of price fluctuations to reveal the pure physical momentum of goods and services absorbed by resident entities. By entirely excluding the external trade balance, the metric isolates the underlying appetite of the internal market from the broader, export-heavy headline production figures.
Re-referencing the volume data to a base year allows analysts to bypass distortions from transient inflation shocks, making period-on-period structural shifts strictly about actual quantities consumed and invested. With both seasonal and calendar effects removed, the pure quarter-on-quarter index progression serves as a clean gauge of internal economic traction. Early estimates are susceptible to revision as preliminary price deflators are swapped for finalized inflation metrics across the various expenditure sub-components. Comparing this volume index directly against its nominal counterpart provides a clear picture of how much domestic inflation is eroding real purchasing power.
Frequently asked questions
- How does chain-linking improve the accuracy of volume measurement?
- It continuously updates the weighting of internal expenditure components, preventing obsolete consumption patterns from distorting the long-term volume index.
- Why look at this index instead of the total output volume?
- It isolates the pure physical momentum of the internal market by completely filtering out the distortions of the external trade balance.
- What triggers revisions to the early volume estimates?
- Provisional figures are routinely updated as preliminary price deflators are swapped for finalized inflation metrics across the various sub-components.