German GDP Rises First Quarter Driven by Strong Consumption Spending

German GDP Rises First Quarter Driven by Strong Consumption Spending

According to the Federal Statistical Office, Germany’s gross domestic product (GDP) rose by 0.3 percent in the first quarter of the year compared to the previous quarter, after adjusting for prices, seasons, and calendars. This quarter saw increases in both private and public consumption expenditures, while exports also rose, according to preliminary findings.

Year-on-year growth for the first quarter was 0.5 percent when adjusted for prices. However, using the price- and calendar-adjusted figures, the growth rate was only 0.3 percent.

The latest calculations also indicate a slight downward revision for the price-adjusted GDP growth rate for the fourth quarter of 2025. The results for the remaining quarters of 2025 remained unchanged. Consequently, the full-year 2025 GDP is now estimated to increase by 0.3 percent, a slight reduction from the previously reported 0.4 percent.