The gross domestic product (GDP) in Germany rose by 0.2% in the third quarter of 2024 compared with the second quarter of 2024 after adjustment for price, seasonal and calendar variations.

The Federal Statistical Office (Destatis) also reports that government and household final consumption expenditure, in particular, increased in the third quarter of 2024.

According to the most recent calculations, economic performance declined by 0.3% in the second quarter of 2024 (previously: -0.1%), following an increase of 0.2% at the beginning of the year.

GDP in the third quarter of 2024 was up a price adjusted 0.2% compared with the third quarter of 2023. After price and calendar adjustment, however, GDP showed a decrease of 0.2% as there was one working day more than in the same period a year earlier.

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