Press release No. 169 of 28 April 2023
Gross domestic product (GDP), 1st quarter of 2023
0.0% on the previous quarter (price, seasonally and calendar adjusted)
+0.2% on the same quarter a year earlier (price adjusted)
-0.1% on the same quarter a year earlier (price and calendar adjusted)
WIESBADEN – The gross domestic product (GDP) was unchanged (0.0%) in the first quarter of 2023 compared with the fourth quarter of 2022 after adjustment for price, seasonal and calendar variations, after decreasing at the end of 2022 (by a revised -0.5% in the fourth quarter year on year; before: -0.4%). The final consumption expenditure of both households and government declined at the beginning of 2023, according to the Federal Statistical Office (Destatis). Positive contributions, in contrast, came from capital formation and exports.
Gross domestic product increased year on year
GDP in the first quarter of 2023 was up a price adjusted 0.2% compared with the first quarter of 2022. The price and calendar adjusted GDP was 0.1% lower because there was one working day more than in the same period a year earlier.
Revision of previous results
In addition to calculating first data for the first quarter of 2023, the Federal Statistical Office reviewed the results published earlier and included new statistical information in the calculation of results. This resulted in changes of up to 0.2 percentage points of the quarterly price adjusted GDP data published so far. Detailed data on the recalculations are shown in the table “Comparison between old and new figures” at the end of this press release.
| Unadjusted figures | Figures according to X13 price adjusted | |||||||
|---|---|---|---|---|---|---|---|---|
| At current prices | Price adjusted, chain-linked | Seasonally and calendar adjusted | Calendar adjusted | |||||
| EUR billion | % 1 | 2015 = 100 | % 1 | 2015 = 100 | % 2 | % 1 3 | ||
| 1 Change on the previous year or the same quarter of the preceding year in %. 2 Change on the previous year or quarter in %. 3 As for year the calendar adjusted values equal the seasonally and calendar adjusted values (except for differences due to rounding). qtr = quarter | ||||||||
| 2022 | 3,869.90 | 7.4 | 107.79 | 1.8 | 107.60 | 1.9 | 1.9 | |
2022 | 1st qtr | 941.09 | 9.2 | 107.52 | 4.1 | 107.59 | 1.0 | 3.8 |
| 2nd qtr | 949.83 | 8.2 | 106.46 | 1.7 | 107.46 | -0.1 | 1.6 | |
| 3rd qtr | 972.17 | 6.1 | 108.68 | 1.3 | 107.97 | 0.5 | 1.4 | |
| 4th qtr | 1,006.81 | 6.5 | 108.49 | 0.2 | 107.39 | -0.5 | 0.8 | |
| 2023 | 1st qtr | 1,003.51 | 6.6 | 107.75 | 0.2 | 107.44 | 0.0 | -0.1 |
| New result | Previous result | Difference | |||||
|---|---|---|---|---|---|---|---|
| Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | Figures adjusted for seasonal and calendar effects using X13 | Unadjusted figures | ||
1 Seasonally and calendar adjusted figures: change on the previous quarter; qtr = quarter | |||||||
| Change, percent 1 | Percentage points | ||||||
| 2022 | 1.9 | 1.8 | 1.9 | 1.8 | 0.0 | 0.0 | |
2022 | 1st qtr | 1.0 | 4.1 | 0.8 | 3.9 | 0.2 | 0.2 |
| 2nd qtr | -0.1 | 1.7 | 0.1 | 1.7 | -0.2 | 0.0 | |
| 3rd qtr | 0.5 | 1.3 | 0.5 | 1.3 | 0.0 | 0.0 | |
| 4th qtr | -0.5 | 0.2 | -0.4 | 0.3 | -0.1 | -0.1 | |
| 2023 | 1st qtr | 0.0 | 0.2 | x | x | x | x |
Further information:
Detailed results for the first quarter of 2023 will be released by the Federal Statistical Office on 25 May 2023.
A long time series containing quarterly results on the gross domestic product since the first quarter of 1970 is available for download in the statistical report "Volkswirtschaftliche Gesamtrechnungen” (only in german) and on the “National Accounts, Domestic Product” webpage.
The GDP is available also in the Dashboard Germany (www.dashboard-deutschland.de) (only in german). This data portal of the Federal Statistical Office combines up-to-date indicators of official statistics and from other data providers on the topics of economy and finance as well as health and mobility. A tool also available there is the Economic Pulse Monitor (Pulsmesser Wirtschaft). It can be used for real-time monitoring of the economic development.
