Germany real gross value added index, adjusted
Germany real gross value added index, adjusted stood at 106.93 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 | 106.93 | 106.46 | 106.13 | 105.81 | 105.73 | 105.85 | 105.4 | 105.69 | 105.86 | 105.97 | |
| Real estate activities, seasonally adjusted only | 114.2 | 113.5 | 113.09 | 112.63 | 112.26 | 112.17 | 111.44 | 111.96 | 111.83 | 111.3 | |
| Agriculture, forestry and fishing, calendar and seasonally adjusted | 104.02 | 104.49 | 105.36 | 105.39 | 104.59 | 104.49 | 103.02 | 103.56 | 103.71 | 103.95 |
Understanding germany real gross value added index, adjusted
The aggregate physical volume of goods and services produced domestically across all industries is captured by this chained index. This overarching metric sums the output of every sector while systematically stripping out the effects of price changes. By anchoring the calculation to the 2020 reference period, it isolates pure changes in production quantities and service delivery volumes. Unlike expenditure-based measures that track final consumption and trade, this series focuses entirely on the production side, quantifying the net contribution of labor and capital after deducting the intermediate inputs consumed during the manufacturing and service provision stages.
Period-on-period assessments provide the clearest view of short-term economic momentum, as the figures are adjusted to eliminate both calendar irregularities and regular seasonal patterns. Analysts routinely contrast this production-side aggregate with total output to identify discrepancies between domestic production and expenditure flows. The chaining methodology means the weights of different industries are updated annually to reflect structural shifts, though this can sometimes introduce minor non-additivity issues when comparing the grand total to the sum of its individual components. Routine revisions affect the latest quarters as initial enterprise surveys are gradually replaced by definitive structural business statistics.
Frequently asked questions
- What distinguishes this metric from total gross domestic product?
- It measures production directly before factoring in net taxes on products.
- How does the chaining methodology impact the index?
- It updates industry weights annually to prevent older pricing structures from distorting current production trends.
- Are seasonal effects removed from these figures?
- Yes, regular seasonal fluctuations and varying working days are statistically smoothed out.