Deutsche Bundesbank
Monthly Report
as of May 23, 2017
65
XI Economic conditions in Germany
1 Origin and use of domestic product, distribution of national income
2015
2014
Item
2015
2016
Index 2010=100
2014
2015
2016
2016
Q3
Q4
2017
Q1
Q2
Q3
Q4
Q1
Annual percentage change
At constant prices, chained
I Origin of domestic product
Production sector
(excluding construction)
Construction
Wholesale/retail trade, transport
and storage, hotel and restaurant
services
Information and communication
Financial and insurance
activities
Real estate activities
Business services 1
Public services, education and
health
Other services
1.7
0.8
1.9
2.4
0.9
1.6
4.0
5.6
0.7
1.8
2.2
2.8
1.6
2.5
1.9
3.0
1.2
2.4
4.3
3.4
0.7
0.9
2.3
2.4
0.7
2.4
1.6
0.9
2.1
0.4
1.2
3.0
2.2
0.7
1.7
0.7
0.5
2.0
0.3
2.1
1.4
2.1
0.2
1.6
0.9
109.9
1.5
1.6
1.8
1.6
108.2
110.2
1.6
1.7
1.9
104.4
104.5
106.8
109.5
111.4
.
106.5
107.4
110.7
109.8
113.5
.
108.7
111.7
111.9
112.9
116.5
.
0.9
1.2
5.5
1.9
4.0
0.1
2.0
2.7
3.7
0.3
1.9
0.5
2.1
4.0
1.1
2.8
2.6
0.2
Domestic demand
Net exports 6
Exports
Imports
104.5
.
118.0
114.8
106.2
.
124.1
121.0
108.6
.
127.4
125.6
1.4
0.3
4.1
4.0
1.6
0.2
5.2
5.5
Gross domestic product 2
106.4
108.2
110.2
1.6
1.7
1.9
1.8
1,594.4 1,636.0 1,681.5
561.1
583.7
615.3
191.5
200.2
204.4
288.7
295.0
308.7
105.0
108.6
112.9
− 7.4 − 20.2 − 27.6
1.8
3.5
6.1
4.2
5.5
.
2.6
4.0
4.6
2.2
3.5
.
2.8
5.4
2.1
4.7
3.9
.
Domestic use
Net exports
Exports
Imports
2,733.2 2,803.3 2,895.3
190.7
229.5
238.8
1,334.8 1,418.8 1,442.2
1,144.1 1,189.3 1,203.5
2.8
.
3.9
2.5
2.6
.
6.3
3.9
Gross domestic product 2
2,923.9 3,032.8 3,134.1
3.5
106.9
110.2
103.6
1,485.5 1,539.9 1,598.4
Gross value added
Gross domestic product
2
II Use of domestic product
Private consumption 3
Government consumption
Machinery and equipment
Premises
Other investment 4
Changes in inventories 5, 6
110.0
101.6
111.8
101.4
113.3
103.5
5.0
1.4
106.6
125.9
108.6
129.1
111.0
132.7
105.8
101.8
106.6
106.5
102.6
109.0
109.1
103.4
111.6
103.1
97.3
105.2
97.6
107.4
99.0
106.3
107.9
106.4
−
−
−
−
1.6
0.2
1.4
2.1
0.4
4.8
1.9
2.5
4.8
1.5
2.4
−
−
−
−
0.1
0.5
3.8
4.0
1.5
3.1
2.0
2.2
3.0
3.7
1.4
1.0
3.8
2.4
0.5
2.2
3.8
0.6
2.0
1.6
1.1
3.8
1.5
0.2
2.4
2.2
2.3
1.6
2.4
1.7
2.3
2.6
1.8
1.2
3.2
1.5
1.4
2.9
1.8
2.1
1.5
3.2
1.6
1.3
2.9
2.2
2.6
4.4
0.1
1.8
0.2
2.1
3.4
6.4
3.1
2.1
0.3
2.1
4.7
3.9
3.1
2.4
0.5
2.9
4.9
4.4
5.5
2.7
0.5
1.9
3.9
0.5
2.1
2.7
0.0
1.6
2.7
2.6
0.4
2.5
0.1
1.6
1.5
2.0
4.7
2.5
0.3
1.5
0.1
3.3
4.3
2.2
0.9
6.6
5.6
−
−
−
1.5
3.2
1.6
1.3
2.9
2.7
3.8
5.3
1.9
3.3
.
2.8
4.9
7.4
4.9
3.7
.
2.6
6.4
5.1
4.6
3.8
.
3.3
6.3
5.4
7.4
4.0
.
2.5
5.2
0.5
4.1
4.0
.
2.8
4.0
1.6
2.5
3.9
.
3.2
3.4
2.7
7.5
3.8
.
3.3
.
1.7
1.2
2.9
.
6.2
4.7
3.6
.
4.2
2.8
3.1
.
0.7
0.1
4.0
.
2.7
0.8
3.1
.
0.1
0.1
2.9
.
3.0
3.9
3.9
.
8.3
9.7
3.7
3.3
3.7
4.2
3.2
4.7
2.9
2.6
3.7
1.0
1.8
1.3
0.6
2.0
2.6
0.7
1.4
1.5
0.5
1.9
2.5
0.6
2.1
2.6
0.5
1.7
2.4
0.4
1.5
2.3
0.6
1.3
1.3
1.2
1.3
0.1
1.7
0.8
2.3
3.9
3.7
3.8
3.8
3.9
4.2
3.4
3.8
3.9
4.1
740.8
2.4
4.2
2.4
4.1
5.3
1.6
9.8
0.4
1.6
1.8
2,179.5 2,263.2 2,339.2
3.4
3.8
3.4
3.9
4.3
3.3
5.3
2.6
2.3
3.3
2,988.9 3,098.8 3,198.7
3.3
3.7
3.2
3.7
4.2
3.4
4.8
2.6
2.2
3.4
−
−
2.1
0.5
1.4
2.7
−
2.1
−
2.5
0.3
3.6
5.0
−
3.2
0.3
4.6
5.0
−
2.0
0.1
4.9
6.0
−
−
2.3
0.6
1.3
3.1
−
2.3
0.2
2.7
3.8
−
−
At current prices (€ billion)
III Use of domestic product
Private consumption 3
Government consumption
Machinery and equipment
Premises
Other investment 4
Changes in inventories 5
IV Prices (2010=100)
Private consumption
Gross domestic product
Terms of trade
V Distribution of national income
Compensation of employees
Entrepreneurial and property
income
National income
Memo item:
Gross national
income
105.6
106.6
99.5
694.1
106.2
108.7
102.0
723.4
Source: Federal Statistical Office; figures computed in May 2017. 1 Professional, scientific, technical, administration and support service activities. 2 Gross value added
plus taxes on products (netted with subsidies on products). 3 Including non-profit in-
−
−
−
stitutions serving households. 4 Intellectual property rights (inter alia, computer software and entertainment, literary or artistic originals) and cultivated assets. 5 Including net increase in valuables. 6 Contribution of growth to GDP.