German economy. 3rd quarter Statistisches Bundesamt

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1 German economy 3rd quarter 2017 Grossdomesticproduct Price-adjusted,chain-linked Changeonthe same quarterayear earlier Changeonthe previous quarter % Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q Statistisches Bundesamt

2 National Accounts National accounts provide a comprehensive quantitative picture of economic development within a country, i.e. in this case Germany. The most important national accounts aggregate is the gross domestic product (GDP). The GDP measures the domestic production of goods and services minus the intermediate consumption of goods and services. National accounts provide important data to the political community, administration and businesses for assessing and shaping economic, financial, social and other policies. The national accounting system within the European Union is based on harmonised European rules that are laid down in a legally binding form in the European System of National and Regional Accounts (ESA 2010). This leaflet only shows a small part of the whole national accounts publication programme. More results as well as definitions and general information on national accounts in Germany are available on the internet at Production = Use = Distribution Agriculture, forestry andfishing Industry Services + Taxeslesssubsidies on products (net taxes) Finalconsumption expenditure + Gross fixed capital formation Changesininventories + Balanceof exports and imports(netexports) Grossdomesticproduct Compensation of employees Property and entrepreneurial income + Taxesonproduction andimports less subsidies + Consumptionoffixed capital Balance of primary income from the rest of theworld

3 Production of gross domestic product Quarterly data Q4 Q1 Q2 Q3 Gross value added Agriculture, forestry and fishing Industry, excluding construction Construction Services Net taxes on products = Gross domestic product Price-adjusted, chain-linked 2 Gross value added Agriculture, forestry and fishing Industry, excluding construction Construction Services Net taxes on products Gross domestic product Taxes on products less subsidies on products. 2 Change on the same quarter of the preceding year in %. Grossvalue addedinmanufacturing 1 Price-adjusted,chain-linked Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q Change onthe same quarter ofthe preceding yearin%.

4 Use of gross domestic product Quarterly data Q4 Q1 Q2 Q3 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories = Domestic uses Balance of exports and imports Memorandum item: Exports Imports = Gross domestic product Price-adjusted chain-linked 2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories 1, Domestic uses Balance of exports and imports Memorandum item: Exports Imports Gross domestic product Price-, seasonally and calendar-adjusted figures using Census X-12-ARIMA 4 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories 1, Domestic uses Balance of exports and imports Memorandum item: Exports Imports Gross domestic product Including acquisitions less disposals of valuables. 2 Change on the same quarter of the preceding year in %. 3 Contribution to GDP growth in percentage points. 4 Change on the previous quarter in %.

5 Distribution of gross domestic product Quarterly data Q4 Q1 Q2 Q3 Net wages and salaries Income tax and social contributions (of employees) = Gross wages and salaries Employers social contributions = Compensation of employees Property and entrepreneurial income = Net national income (factor costs) Taxes on production and imports less subsidies = Net national income Consumption of fixed capital = Gross national income Balance of primary income from the rest of the world = Gross domestic product Taxes received by and subsidies paid by general government, respectively. Labour productivity andunitlabourcosts (per person) 1 Price-adjusted, chain-linked Labour productivity 2 Unit labour costs Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q Changeonthe same quarter ofthe preceding yearin%. 2Price- adjusted GDP per person in employment. 3Compensation ofemployees per employee inrelation tolabour productivity per person in employment.

6 Production of gross domestic product Annual data Gross value added 2, , ,831.9 Agriculture, forestry and fishing Industry, excluding construction Construction Services 1, , , Taxes on products Subsidies on products = Gross domestic product 2, , ,144.1 Price-adjusted, chain-linked 1 Gross value added Agriculture, forestry and fishing Industry, excluding construction Construction Services Taxes on products Subsidies on products Gross domestic product Change on the previous year in %. Production of grossdomesticproduct 2016 in % 1 Construction 5 Agriculture, forestry andfishing Industry,excl. construction ,144.1 EURbn. 69 Services 1Asmeasuredbygross valueadded (GVA) atcurrent prices of therelevant industry as percentage of totalgva at current prices.

7 Use of gross domestic product Annual data Private final consumption expenditure (households and NPISHs) 1, , , Government final consumption expenditure Gross fixed capital formation Changes in inventories = Domestic uses 2, , , Balance of exports and imports Memorandum item: Exports 1, , ,450.0 Imports 1, , ,199.4 = Gross domestic product 2, , ,144.1 Price-adjusted, chain-linked 2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories 1, Domestic uses Balance of exports and imports Memorandum item: Exports Imports Gross domestic product Including acquisitions less disposals of valuables. 2 Change on the previous year in %. 3 Contribution to GDP growth in percentage points. Useof gross domesticproduct 2016in % Grosscapital formation 19 8 Balanceofexports andimports 3,144.1 EUR bn. 20 Government finalconsumption expenditure 53 Privatefinal consumption expenditure(households andnpishs)

8 Distribution of gross domestic product Annual data Net wages and salaries Income tax and social contributions (of employees) = Gross wages and salaries 1, , , Employers social contributions = Compensation of employees 1, , , Property and entrepreneurial income = Net national income (factor costs) 2, , ,338.0 Subsidies Taxes on production and imports = Net national income 2, , , Consumption of fixed capital = Gross national income 2, , ,197.2 Balance of primary income from the rest of the world = Gross domestic product 2, , , Paid by general government. 2 Received by general government. Compensation of employees,property and entrepreneurialincome 1991 = Property andentrepreneurial income Compensation of employees

9 Key data for total economy Annual data Gross domestic product (GDP), priceadjusted GDP at current prices in EUR bn. 2, , ,144.1 GDP per capita in EUR 2 36,211 37,260 38,139 Total population in 1, ,983 81,687 82,437 Persons in employment (domestic concept) in 1,000 42,672 43,069 43,638 Unemployed persons in 1, ,090 1,950 1,774 Economically active population as % of total population Unemployed persons as % of economically active population Gross national income in EUR bn. 2, , ,197.2 Disposable income of households in EUR bn. 1, , ,805.0 Saving ratio (saving as % of disposable income of households) Labour productivity (per capita) 1, Labour productivity (per hour) 1, Compensation of employees per employee Compensation of employees per hour worked by employees Unit labour costs (per capita) 1, Unit labour costs (per hour) 1, Wage ratio, unadjusted (compensation of employees as % of net national income at factor costs) Government deficit ratio (Net lending/net borrowing as % of GDP at current prices) Change on the previous year in %. 2 Average population based on the 2011 Census (on 9th of May: 80,219,695 inhabitants) 3 Results of the labour force survey (microcensus) according to the definition of the ILO. 4 Price-adjusted GDP per person in employment resp. per hour worked by persons in employment. 5 Compensation of employees per employee resp. per hour worked by employees in relation to labour productivity per person in employment resp. per hour worked by persons in employment.

10 Further information For subject-related information please contact the National Accounts Infoteam: Phone + 49 (0) 611 / For written requests please use our contact form For general information on the Statistisches Bundesamt (Federal Statistical Office) please consult or call our information service: Phone: +49 (0) 611 / Publications Published November 2017 Order Number: Statistisches Bundesamt (Destatis), 2017 Reproduction and distribution, also of parts, are permitted provided that the source is mentioned Federal Statistical Office, German Economy, 3rd quarter 2017

GROSS DOMESTIC PRODUCT, FIRST QUARTER OF 2018 (PRELIMINARY DATA)

GROSS DOMESTIC PRODUCT, FIRST QUARTER OF 2018 (PRELIMINARY DATA) In the first quarter of 2018 Gross Domestic Product (GDP) 1 at current prices amounts to 21 479 million BGN. In Euro terms GDP is 10 982