Key data for total economy – Annual data 2014 Gross domestic product (GDP), priceadjusted1 Production of gross domestic product – Annual data 2015 2016 2014 2015 Use of gross domestic product – Annual data 2016 2014 At current prices (EUR bn.) 1.6 1.7 1.9 GDP at current prices in EUR bn. 2,923.9 3,032.8 3,134.1 GDP per capita in EUR2 36,105 37,127 37,997 Industry, excluding construction 685.1 707.5 722.3 Total population in 1,0002 80,983 81,687 82,482 Construction 118.2 124.8 134.6 Persons in employment (domestic concept) in 1,000 1,807.5 1,880.1 1,947.2 42,662 43,057 43,595 + Taxes on products 299.4 310.9 319.3 2,090 1,950 1,771 Unemployed persons in 1,0003 Economically active population as % of total population3 Unemployed persons as % of economically active population Gross value added Services 55.0 54.9 4.7 4.3 3.9 Gross national income in EUR bn. 2,988.9 3,098.8 3,198.7 Disposable income of households in EUR bn. 1,710.1 1,763.1 1,813.9 2,729.7 2,822.2 20.4 17.4 18.0 – Subsidies on products =Gross domestic product 55.2 2,631.3 Agriculture, forestry and fishing 6.7 7.8 7.4 2,923.9 3,032.8 3,134.1 Price-adjusted, chain-linked1 Gross value added Agriculture, forestry and fishing 1.5 1.6 1.8 – 12.5 – 3.2 0.4 Industry, excluding construction 5.0 1.6 1.4 Construction 1.4 – 0.2 2.1 Services 0.4 1.7 2.0 Saving ratio (saving as % of disposable income of households) 9.4 9.7 9.7 Taxes on products 2.3 3.2 2.0 Labour productivity (per capita)1,4 0.8 0.8 0.6 Subsidies on products 0.2 – 0.9 – 4.4 Labour productivity (per hour)1,4 0.4 0.8 0.9 Gross domestic product 1.6 1.7 1.9 Compensation of employees per employee1 2.8 2.4 2.3 Compensation of employees per hour worked by employees1 2.1 2.3 2.6 Unit labour costs (per capita)1,5 2.0 1.6 1.7 Unit labour costs (per hour)1,5 1.7 1.5 1.6 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) 1 Change on the previous year in %. 1 Production of gross domestic product 2016 in % 0.3 68.0 0.7 68.3 5 0.8 1 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. Industry, excl. 26 construction Price-adjusted, chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product 2015 2016 1,594.4 561.1 585.1 – 7.4 2,733.2 190.7 1,334.8 1,636.0 583.7 603.8 – 20.2 2,803.3 229.5 1,418.8 1,681.5 615.3 626.1 – 27.6 2,895.3 238.8 1,442.2 1,144.1 2,923.9 1,189.3 3,032.8 1,203.5 3,134.1 Net wages and salaries =Gross wages and salaries + Employers’ social contributions =Compensation of employees + Property and entrepreneurial income 0.9 1.2 3.4 – 0.1 1.4 0.3 4.1 4.0 1.6 2.0 2.7 1.7 – 0.5 1.6 0.2 5.2 5.5 1.7 2.1 4.0 2.2 – 0.2 2.3 – 0.2 2.7 3.8 1.9 Balance of exports and imports –Subsidies1 + Taxes on production and imports2 =Net national income + Consumption of fixed capital =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 1 As measured by gross value added (GVA) at current prices of the relevant industry as percentage of total GVA at current prices. 2016 868.7 405.9 424.1 442.3 1,213.0 1,260.6 1,311.0 272.5 279.2 287.3 1,485.5 1,539.9 1,598.4 694.1 723.4 740.8 2,179.5 2,263.2 2 339.2 26.0 27.5 27.0 314.7 327.4 334.5 2,468.3 2,563.1 2,646.7 520.6 535.7 552.0 2,988.9 3,098.8 3,198.7 65.0 66.0 64.6 2,923.9 3,032.8 3,134.1 1 Paid by general government. – 2 Received by general government. Compensation of employees, property and entrepreneurial income Government final consumption expenditure 1st quarter 2017 Gross domestic product Price-adjusted, chain-linked Change on the same quarter a year earlier Change on the previous quarter % 4 2.9 2 250 19 20 German economy 3 1991 = 100 1 3,134.1 EUR bn. Services 836.6 8 3,134.1 EUR bn. 69 2015 807.1 + Income tax and social contributions (of employees) =Net national income (factor costs) Use of gross domestic product 2016 in % Gross capital formation 2014 At current prices (EUR bn.) 1 Including acquisitions less disposals of valuables. – 2 Change on the previous year in %. – 3 Contribution to GDP growth in percentage points. Agriculture, forestry and fishing Construction 1 68.2 At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Distribution of gross domestic product – Annual data 200 Property and entrepreneurial income 150 54 Private final consumption expenditure (households and NPISHs) 0 Compensation of employees -1 0.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2014 2015 2016 2017 100 1991 95 2000 05 10 2016 Statistisches Bundesamt National Accounts Production of gross domestic product – Quarterly data 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 www.destatis.de. = Production Agriculture, forestry and fishing Use Final consumption expenditure + Industry Gross fixed capital formation Services Changes in inventories + + Taxes less subsidies on products (net taxes) Balance of exports and imports (net exports) = Distribution Compensation of employees Property and entrepreneurial income + Taxes on production and imports less subsidies + Consumption of fixed capital – Balance of primary income from the rest of the world Gross domestic product 2016 Q2 At current prices (EUR bn.) Gross value added Q3 Q4 Use of gross domestic product – Quarterly data 2017 2016 Q1 Q2 705.0 716.2 716.2 709.8 Agriculture, forestry and fishing 4.5 4.5 4.7 5.1 Industry, excluding construction 184.8 181.1 179.1 184.4 34.4 36.0 37.6 28.8 481.2 75.8 780.8 494.5 77.9 794.1 494.8 79.8 796.1 491.6 81.4 791.3 3.2 1.5 1.4 2.9 Agriculture, forestry and fishing 0.9 – 0.3 0.1 – 0.8 Industry, excluding construction 4.0 0.7 0.1 3.8 Construction 5.6 1.8 – 0.5 4.0 Services 2.8 1.9 2.0 2.6 2.4 3.2 1.9 1.6 0.4 1.3 2.4 2.9 Construction Services + Net taxes on products1 =Gross domestic product Price-adjusted, chain-linked2 Gross value added Net taxes on products1 Gross domestic product 1 Taxes on products less subsidies on products. – 2 Change on the same quarter of the preceding year in %. Gross value added in manufacturing 1 Price-adjusted, chain-linked 8 6 4 2 0 -2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Price-adjusted chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Price-, seasonally and calendar-adjusted figures using Census X-12-ARIMA4 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Q3 Further information Distribution of gross domestic product – Quarterly data Q4 2017 2016 Q1 Q2 421.0 427.9 432.6 412.9 150.6 161.1 – 22.1 710.6 70.2 366.6 296.4 780.8 150.3 159.9 3.9 742.1 52.0 358.5 306.5 794.1 165.1 162.5 – 22.7 737.4 58.6 370.8 312.2 796.1 154.5 149.9 15.4 732.7 58.6 375.1 316.5 791.3 2.9 1.9 1.6 1.6 4.9 4.7 – 0.5 3.2 0.3 4.6 5.0 3.2 3.9 1.4 0.0 2.1 – 0.5 1.4 2.7 1.6 2.7 – 0.4 0.1 1.5 – 0.1 3.3 4.3 1.3 1.5 3.4 0.3 2.2 0.9 6.6 5.6 2.9 At current prices (EUR bn.) Net wages and salaries + Income tax and social contributions (of employees) =Gross wages and salaries 2017 Q3 Q4 Q1 207.5 218.8 240.1 210.5 111.9 104.7 122.7 107.6 319.4 323.4 362.8 318.1 70.8 70.5 77.9 70.6 =Compensation of employees 390.2 393.9 440.7 388.7 + Property and entrepreneurial income 181.1 201.5 161.9 200.0 =Net national income (factor costs) + Taxes on production and imports less subsidies1 =Net national income 571.4 595.4 602.6 588.7 75.5 77.4 77.8 80.3 646.8 672.8 680.4 669.0 + Consumption of fixed capital 137.6 138.5 139.2 141.2 =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 784.4 811.3 819.5 810.2 + Employers’ social contributions 3.7 17.2 23.5 18.9 780.8 794.1 796.1 791.3 1 Taxes received by and subsidies paid by general government, respectively. For subject-related information please contact the National Accounts Infoteam: Phone + 49 (0) 611 / 75 26 26 For written requests please use our e-mail address [email protected] or our contact form www.destatis.de/contact For general information on the Statistisches Bundesamt (Federal Statistical Office) please consult www.destatis.de or call our information service: Phone: +49 (0) 611 / 75 24 05 Publications www.destatis.de/publications www.destatis.de/genesis Labour productivity and unit labour costs (per person)1 Price-adjusted, chain-linked Labour productivity2 Unit labour costs3 3 0.4 0.5 0.2 0.3 0.7 – 1.3 0.0 0.1 – 0.1 0.3 0.3 0.4 0.4 0.4 1.7 – 0.4 0.0 0.4 1.1 0.2 0.5 0.6 – 0.4 – 0.3 0.6 0.2 0.7 – 0.2 1.7 2.5 0.4 0.2 0.4 1.3 0.4 0.6 1 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 %. 2 1 Published May 2017 Order Number: 0000018-17321-1 0 -1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. – 2 Priceadjusted GDP per person in employment. – 3 Compensation of employees per employee in relation to labour productivity per person in employment. © Statistisches Bundesamt (Destatis), 2017 Reproduction and distribution, also of parts, are permitted provided that the source is mentioned Federal Statistical Office, German Economy, 1st quarter 2017 National Accounts Production of gross domestic product – Quarterly data 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 www.destatis.de. = Production Agriculture, forestry and fishing Use Final consumption expenditure + Industry Gross fixed capital formation Services Changes in inventories + + Taxes less subsidies on products (net taxes) Balance of exports and imports (net exports) = Distribution Compensation of employees Property and entrepreneurial income + Taxes on production and imports less subsidies + Consumption of fixed capital – Balance of primary income from the rest of the world Gross domestic product 2016 Q2 At current prices (EUR bn.) Gross value added Q3 Q4 Use of gross domestic product – Quarterly data 2017 2016 Q1 Q2 705.0 716.2 716.2 709.8 Agriculture, forestry and fishing 4.5 4.5 4.7 5.1 Industry, excluding construction 184.8 181.1 179.1 184.4 34.4 36.0 37.6 28.8 481.2 75.8 780.8 494.5 77.9 794.1 494.8 79.8 796.1 491.6 81.4 791.3 3.2 1.5 1.4 2.9 Agriculture, forestry and fishing 0.9 – 0.3 0.1 – 0.8 Industry, excluding construction 4.0 0.7 0.1 3.8 Construction 5.6 1.8 – 0.5 4.0 Services 2.8 1.9 2.0 2.6 2.4 3.2 1.9 1.6 0.4 1.3 2.4 2.9 Construction Services + Net taxes on products1 =Gross domestic product Price-adjusted, chain-linked2 Gross value added Net taxes on products1 Gross domestic product 1 Taxes on products less subsidies on products. – 2 Change on the same quarter of the preceding year in %. Gross value added in manufacturing 1 Price-adjusted, chain-linked 8 6 4 2 0 -2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Price-adjusted chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Price-, seasonally and calendar-adjusted figures using Census X-12-ARIMA4 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Q3 Further information Distribution of gross domestic product – Quarterly data Q4 2017 2016 Q1 Q2 421.0 427.9 432.6 412.9 150.6 161.1 – 22.1 710.6 70.2 366.6 296.4 780.8 150.3 159.9 3.9 742.1 52.0 358.5 306.5 794.1 165.1 162.5 – 22.7 737.4 58.6 370.8 312.2 796.1 154.5 149.9 15.4 732.7 58.6 375.1 316.5 791.3 2.9 1.9 1.6 1.6 4.9 4.7 – 0.5 3.2 0.3 4.6 5.0 3.2 3.9 1.4 0.0 2.1 – 0.5 1.4 2.7 1.6 2.7 – 0.4 0.1 1.5 – 0.1 3.3 4.3 1.3 1.5 3.4 0.3 2.2 0.9 6.6 5.6 2.9 At current prices (EUR bn.) Net wages and salaries + Income tax and social contributions (of employees) =Gross wages and salaries 2017 Q3 Q4 Q1 207.5 218.8 240.1 210.5 111.9 104.7 122.7 107.6 319.4 323.4 362.8 318.1 70.8 70.5 77.9 70.6 =Compensation of employees 390.2 393.9 440.7 388.7 + Property and entrepreneurial income 181.1 201.5 161.9 200.0 =Net national income (factor costs) + Taxes on production and imports less subsidies1 =Net national income 571.4 595.4 602.6 588.7 75.5 77.4 77.8 80.3 646.8 672.8 680.4 669.0 + Consumption of fixed capital 137.6 138.5 139.2 141.2 =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 784.4 811.3 819.5 810.2 + Employers’ social contributions 3.7 17.2 23.5 18.9 780.8 794.1 796.1 791.3 1 Taxes received by and subsidies paid by general government, respectively. For subject-related information please contact the National Accounts Infoteam: Phone + 49 (0) 611 / 75 26 26 For written requests please use our e-mail address [email protected] or our contact form www.destatis.de/contact For general information on the Statistisches Bundesamt (Federal Statistical Office) please consult www.destatis.de or call our information service: Phone: +49 (0) 611 / 75 24 05 Publications www.destatis.de/publications www.destatis.de/genesis Labour productivity and unit labour costs (per person)1 Price-adjusted, chain-linked Labour productivity2 Unit labour costs3 3 0.4 0.5 0.2 0.3 0.7 – 1.3 0.0 0.1 – 0.1 0.3 0.3 0.4 0.4 0.4 1.7 – 0.4 0.0 0.4 1.1 0.2 0.5 0.6 – 0.4 – 0.3 0.6 0.2 0.7 – 0.2 1.7 2.5 0.4 0.2 0.4 1.3 0.4 0.6 1 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 %. 2 1 Published May 2017 Order Number: 0000018-17321-1 0 -1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. – 2 Priceadjusted GDP per person in employment. – 3 Compensation of employees per employee in relation to labour productivity per person in employment. © Statistisches Bundesamt (Destatis), 2017 Reproduction and distribution, also of parts, are permitted provided that the source is mentioned Federal Statistical Office, German Economy, 1st quarter 2017 National Accounts Production of gross domestic product – Quarterly data 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 www.destatis.de. = Production Agriculture, forestry and fishing Use Final consumption expenditure + Industry Gross fixed capital formation Services Changes in inventories + + Taxes less subsidies on products (net taxes) Balance of exports and imports (net exports) = Distribution Compensation of employees Property and entrepreneurial income + Taxes on production and imports less subsidies + Consumption of fixed capital – Balance of primary income from the rest of the world Gross domestic product 2016 Q2 At current prices (EUR bn.) Gross value added Q3 Q4 Use of gross domestic product – Quarterly data 2017 2016 Q1 Q2 705.0 716.2 716.2 709.8 Agriculture, forestry and fishing 4.5 4.5 4.7 5.1 Industry, excluding construction 184.8 181.1 179.1 184.4 34.4 36.0 37.6 28.8 481.2 75.8 780.8 494.5 77.9 794.1 494.8 79.8 796.1 491.6 81.4 791.3 3.2 1.5 1.4 2.9 Agriculture, forestry and fishing 0.9 – 0.3 0.1 – 0.8 Industry, excluding construction 4.0 0.7 0.1 3.8 Construction 5.6 1.8 – 0.5 4.0 Services 2.8 1.9 2.0 2.6 2.4 3.2 1.9 1.6 0.4 1.3 2.4 2.9 Construction Services + Net taxes on products1 =Gross domestic product Price-adjusted, chain-linked2 Gross value added Net taxes on products1 Gross domestic product 1 Taxes on products less subsidies on products. – 2 Change on the same quarter of the preceding year in %. Gross value added in manufacturing 1 Price-adjusted, chain-linked 8 6 4 2 0 -2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Price-adjusted chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Price-, seasonally and calendar-adjusted figures using Census X-12-ARIMA4 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Q3 Further information Distribution of gross domestic product – Quarterly data Q4 2017 2016 Q1 Q2 421.0 427.9 432.6 412.9 150.6 161.1 – 22.1 710.6 70.2 366.6 296.4 780.8 150.3 159.9 3.9 742.1 52.0 358.5 306.5 794.1 165.1 162.5 – 22.7 737.4 58.6 370.8 312.2 796.1 154.5 149.9 15.4 732.7 58.6 375.1 316.5 791.3 2.9 1.9 1.6 1.6 4.9 4.7 – 0.5 3.2 0.3 4.6 5.0 3.2 3.9 1.4 0.0 2.1 – 0.5 1.4 2.7 1.6 2.7 – 0.4 0.1 1.5 – 0.1 3.3 4.3 1.3 1.5 3.4 0.3 2.2 0.9 6.6 5.6 2.9 At current prices (EUR bn.) Net wages and salaries + Income tax and social contributions (of employees) =Gross wages and salaries 2017 Q3 Q4 Q1 207.5 218.8 240.1 210.5 111.9 104.7 122.7 107.6 319.4 323.4 362.8 318.1 70.8 70.5 77.9 70.6 =Compensation of employees 390.2 393.9 440.7 388.7 + Property and entrepreneurial income 181.1 201.5 161.9 200.0 =Net national income (factor costs) + Taxes on production and imports less subsidies1 =Net national income 571.4 595.4 602.6 588.7 75.5 77.4 77.8 80.3 646.8 672.8 680.4 669.0 + Consumption of fixed capital 137.6 138.5 139.2 141.2 =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 784.4 811.3 819.5 810.2 + Employers’ social contributions 3.7 17.2 23.5 18.9 780.8 794.1 796.1 791.3 1 Taxes received by and subsidies paid by general government, respectively. For subject-related information please contact the National Accounts Infoteam: Phone + 49 (0) 611 / 75 26 26 For written requests please use our e-mail address [email protected] or our contact form www.destatis.de/contact For general information on the Statistisches Bundesamt (Federal Statistical Office) please consult www.destatis.de or call our information service: Phone: +49 (0) 611 / 75 24 05 Publications www.destatis.de/publications www.destatis.de/genesis Labour productivity and unit labour costs (per person)1 Price-adjusted, chain-linked Labour productivity2 Unit labour costs3 3 0.4 0.5 0.2 0.3 0.7 – 1.3 0.0 0.1 – 0.1 0.3 0.3 0.4 0.4 0.4 1.7 – 0.4 0.0 0.4 1.1 0.2 0.5 0.6 – 0.4 – 0.3 0.6 0.2 0.7 – 0.2 1.7 2.5 0.4 0.2 0.4 1.3 0.4 0.6 1 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 %. 2 1 Published May 2017 Order Number: 0000018-17321-1 0 -1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. – 2 Priceadjusted GDP per person in employment. – 3 Compensation of employees per employee in relation to labour productivity per person in employment. © Statistisches Bundesamt (Destatis), 2017 Reproduction and distribution, also of parts, are permitted provided that the source is mentioned Federal Statistical Office, German Economy, 1st quarter 2017 National Accounts Production of gross domestic product – Quarterly data 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 www.destatis.de. = Production Agriculture, forestry and fishing Use Final consumption expenditure + Industry Gross fixed capital formation Services Changes in inventories + + Taxes less subsidies on products (net taxes) Balance of exports and imports (net exports) = Distribution Compensation of employees Property and entrepreneurial income + Taxes on production and imports less subsidies + Consumption of fixed capital – Balance of primary income from the rest of the world Gross domestic product 2016 Q2 At current prices (EUR bn.) Gross value added Q3 Q4 Use of gross domestic product – Quarterly data 2017 2016 Q1 Q2 705.0 716.2 716.2 709.8 Agriculture, forestry and fishing 4.5 4.5 4.7 5.1 Industry, excluding construction 184.8 181.1 179.1 184.4 34.4 36.0 37.6 28.8 481.2 75.8 780.8 494.5 77.9 794.1 494.8 79.8 796.1 491.6 81.4 791.3 3.2 1.5 1.4 2.9 Agriculture, forestry and fishing 0.9 – 0.3 0.1 – 0.8 Industry, excluding construction 4.0 0.7 0.1 3.8 Construction 5.6 1.8 – 0.5 4.0 Services 2.8 1.9 2.0 2.6 2.4 3.2 1.9 1.6 0.4 1.3 2.4 2.9 Construction Services + Net taxes on products1 =Gross domestic product Price-adjusted, chain-linked2 Gross value added Net taxes on products1 Gross domestic product 1 Taxes on products less subsidies on products. – 2 Change on the same quarter of the preceding year in %. Gross value added in manufacturing 1 Price-adjusted, chain-linked 8 6 4 2 0 -2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Price-adjusted chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Price-, seasonally and calendar-adjusted figures using Census X-12-ARIMA4 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Q3 Further information Distribution of gross domestic product – Quarterly data Q4 2017 2016 Q1 Q2 421.0 427.9 432.6 412.9 150.6 161.1 – 22.1 710.6 70.2 366.6 296.4 780.8 150.3 159.9 3.9 742.1 52.0 358.5 306.5 794.1 165.1 162.5 – 22.7 737.4 58.6 370.8 312.2 796.1 154.5 149.9 15.4 732.7 58.6 375.1 316.5 791.3 2.9 1.9 1.6 1.6 4.9 4.7 – 0.5 3.2 0.3 4.6 5.0 3.2 3.9 1.4 0.0 2.1 – 0.5 1.4 2.7 1.6 2.7 – 0.4 0.1 1.5 – 0.1 3.3 4.3 1.3 1.5 3.4 0.3 2.2 0.9 6.6 5.6 2.9 At current prices (EUR bn.) Net wages and salaries + Income tax and social contributions (of employees) =Gross wages and salaries 2017 Q3 Q4 Q1 207.5 218.8 240.1 210.5 111.9 104.7 122.7 107.6 319.4 323.4 362.8 318.1 70.8 70.5 77.9 70.6 =Compensation of employees 390.2 393.9 440.7 388.7 + Property and entrepreneurial income 181.1 201.5 161.9 200.0 =Net national income (factor costs) + Taxes on production and imports less subsidies1 =Net national income 571.4 595.4 602.6 588.7 75.5 77.4 77.8 80.3 646.8 672.8 680.4 669.0 + Consumption of fixed capital 137.6 138.5 139.2 141.2 =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 784.4 811.3 819.5 810.2 + Employers’ social contributions 3.7 17.2 23.5 18.9 780.8 794.1 796.1 791.3 1 Taxes received by and subsidies paid by general government, respectively. For subject-related information please contact the National Accounts Infoteam: Phone + 49 (0) 611 / 75 26 26 For written requests please use our e-mail address [email protected] or our contact form www.destatis.de/contact For general information on the Statistisches Bundesamt (Federal Statistical Office) please consult www.destatis.de or call our information service: Phone: +49 (0) 611 / 75 24 05 Publications www.destatis.de/publications www.destatis.de/genesis Labour productivity and unit labour costs (per person)1 Price-adjusted, chain-linked Labour productivity2 Unit labour costs3 3 0.4 0.5 0.2 0.3 0.7 – 1.3 0.0 0.1 – 0.1 0.3 0.3 0.4 0.4 0.4 1.7 – 0.4 0.0 0.4 1.1 0.2 0.5 0.6 – 0.4 – 0.3 0.6 0.2 0.7 – 0.2 1.7 2.5 0.4 0.2 0.4 1.3 0.4 0.6 1 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 %. 2 1 Published May 2017 Order Number: 0000018-17321-1 0 -1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. – 2 Priceadjusted GDP per person in employment. – 3 Compensation of employees per employee in relation to labour productivity per person in employment. © Statistisches Bundesamt (Destatis), 2017 Reproduction and distribution, also of parts, are permitted provided that the source is mentioned Federal Statistical Office, German Economy, 1st quarter 2017 Key data for total economy – Annual data 2014 Gross domestic product (GDP), priceadjusted1 Production of gross domestic product – Annual data 2015 2016 2014 2015 Use of gross domestic product – Annual data 2016 2014 At current prices (EUR bn.) 1.6 1.7 1.9 GDP at current prices in EUR bn. 2,923.9 3,032.8 3,134.1 GDP per capita in EUR2 36,105 37,127 37,997 Industry, excluding construction 685.1 707.5 722.3 Total population in 1,0002 80,983 81,687 82,482 Construction 118.2 124.8 134.6 Persons in employment (domestic concept) in 1,000 1,807.5 1,880.1 1,947.2 42,662 43,057 43,595 + Taxes on products 299.4 310.9 319.3 2,090 1,950 1,771 Unemployed persons in 1,0003 Economically active population as % of total population3 Unemployed persons as % of economically active population Gross value added Services 55.0 54.9 4.7 4.3 3.9 Gross national income in EUR bn. 2,988.9 3,098.8 3,198.7 Disposable income of households in EUR bn. 1,710.1 1,763.1 1,813.9 2,729.7 2,822.2 20.4 17.4 18.0 – Subsidies on products =Gross domestic product 55.2 2,631.3 Agriculture, forestry and fishing 6.7 7.8 7.4 2,923.9 3,032.8 3,134.1 Price-adjusted, chain-linked1 Gross value added Agriculture, forestry and fishing 1.5 1.6 1.8 – 12.5 – 3.2 0.4 Industry, excluding construction 5.0 1.6 1.4 Construction 1.4 – 0.2 2.1 Services 0.4 1.7 2.0 Saving ratio (saving as % of disposable income of households) 9.4 9.7 9.7 Taxes on products 2.3 3.2 2.0 Labour productivity (per capita)1,4 0.8 0.8 0.6 Subsidies on products 0.2 – 0.9 – 4.4 Labour productivity (per hour)1,4 0.4 0.8 0.9 Gross domestic product 1.6 1.7 1.9 Compensation of employees per employee1 2.8 2.4 2.3 Compensation of employees per hour worked by employees1 2.1 2.3 2.6 Unit labour costs (per capita)1,5 2.0 1.6 1.7 Unit labour costs (per hour)1,5 1.7 1.5 1.6 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) 1 Change on the previous year in %. 1 Production of gross domestic product 2016 in % 0.3 68.0 0.7 68.3 5 0.8 1 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. Industry, excl. 26 construction Price-adjusted, chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product 2015 2016 1,594.4 561.1 585.1 – 7.4 2,733.2 190.7 1,334.8 1,636.0 583.7 603.8 – 20.2 2,803.3 229.5 1,418.8 1,681.5 615.3 626.1 – 27.6 2,895.3 238.8 1,442.2 1,144.1 2,923.9 1,189.3 3,032.8 1,203.5 3,134.1 Net wages and salaries =Gross wages and salaries + Employers’ social contributions =Compensation of employees + Property and entrepreneurial income 0.9 1.2 3.4 – 0.1 1.4 0.3 4.1 4.0 1.6 2.0 2.7 1.7 – 0.5 1.6 0.2 5.2 5.5 1.7 2.1 4.0 2.2 – 0.2 2.3 – 0.2 2.7 3.8 1.9 Balance of exports and imports –Subsidies1 + Taxes on production and imports2 =Net national income + Consumption of fixed capital =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 1 As measured by gross value added (GVA) at current prices of the relevant industry as percentage of total GVA at current prices. 2016 868.7 405.9 424.1 442.3 1,213.0 1,260.6 1,311.0 272.5 279.2 287.3 1,485.5 1,539.9 1,598.4 694.1 723.4 740.8 2,179.5 2,263.2 2 339.2 26.0 27.5 27.0 314.7 327.4 334.5 2,468.3 2,563.1 2,646.7 520.6 535.7 552.0 2,988.9 3,098.8 3,198.7 65.0 66.0 64.6 2,923.9 3,032.8 3,134.1 1 Paid by general government. – 2 Received by general government. Compensation of employees, property and entrepreneurial income Government final consumption expenditure 1st quarter 2017 Gross domestic product Price-adjusted, chain-linked Change on the same quarter a year earlier Change on the previous quarter % 4 2.9 2 250 19 20 German economy 3 1991 = 100 1 3,134.1 EUR bn. Services 836.6 8 3,134.1 EUR bn. 69 2015 807.1 + Income tax and social contributions (of employees) =Net national income (factor costs) Use of gross domestic product 2016 in % Gross capital formation 2014 At current prices (EUR bn.) 1 Including acquisitions less disposals of valuables. – 2 Change on the previous year in %. – 3 Contribution to GDP growth in percentage points. Agriculture, forestry and fishing Construction 1 68.2 At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Distribution of gross domestic product – Annual data 200 Property and entrepreneurial income 150 54 Private final consumption expenditure (households and NPISHs) 0 Compensation of employees -1 0.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2014 2015 2016 2017 100 1991 95 2000 05 10 2016 Statistisches Bundesamt Key data for total economy – Annual data 2014 Gross domestic product (GDP), priceadjusted1 Production of gross domestic product – Annual data 2015 2016 2014 2015 Use of gross domestic product – Annual data 2016 2014 At current prices (EUR bn.) 1.6 1.7 1.9 GDP at current prices in EUR bn. 2,923.9 3,032.8 3,134.1 GDP per capita in EUR2 36,105 37,127 37,997 Industry, excluding construction 685.1 707.5 722.3 Total population in 1,0002 80,983 81,687 82,482 Construction 118.2 124.8 134.6 Persons in employment (domestic concept) in 1,000 1,807.5 1,880.1 1,947.2 42,662 43,057 43,595 + Taxes on products 299.4 310.9 319.3 2,090 1,950 1,771 Unemployed persons in 1,0003 Economically active population as % of total population3 Unemployed persons as % of economically active population Gross value added Services 55.0 54.9 4.7 4.3 3.9 Gross national income in EUR bn. 2,988.9 3,098.8 3,198.7 Disposable income of households in EUR bn. 1,710.1 1,763.1 1,813.9 2,729.7 2,822.2 20.4 17.4 18.0 – Subsidies on products =Gross domestic product 55.2 2,631.3 Agriculture, forestry and fishing 6.7 7.8 7.4 2,923.9 3,032.8 3,134.1 Price-adjusted, chain-linked1 Gross value added Agriculture, forestry and fishing 1.5 1.6 1.8 – 12.5 – 3.2 0.4 Industry, excluding construction 5.0 1.6 1.4 Construction 1.4 – 0.2 2.1 Services 0.4 1.7 2.0 Saving ratio (saving as % of disposable income of households) 9.4 9.7 9.7 Taxes on products 2.3 3.2 2.0 Labour productivity (per capita)1,4 0.8 0.8 0.6 Subsidies on products 0.2 – 0.9 – 4.4 Labour productivity (per hour)1,4 0.4 0.8 0.9 Gross domestic product 1.6 1.7 1.9 Compensation of employees per employee1 2.8 2.4 2.3 Compensation of employees per hour worked by employees1 2.1 2.3 2.6 Unit labour costs (per capita)1,5 2.0 1.6 1.7 Unit labour costs (per hour)1,5 1.7 1.5 1.6 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) 1 Change on the previous year in %. 1 Production of gross domestic product 2016 in % 0.3 68.0 0.7 68.3 5 0.8 1 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. Industry, excl. 26 construction Price-adjusted, chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product 2015 2016 1,594.4 561.1 585.1 – 7.4 2,733.2 190.7 1,334.8 1,636.0 583.7 603.8 – 20.2 2,803.3 229.5 1,418.8 1,681.5 615.3 626.1 – 27.6 2,895.3 238.8 1,442.2 1,144.1 2,923.9 1,189.3 3,032.8 1,203.5 3,134.1 Net wages and salaries =Gross wages and salaries + Employers’ social contributions =Compensation of employees + Property and entrepreneurial income 0.9 1.2 3.4 – 0.1 1.4 0.3 4.1 4.0 1.6 2.0 2.7 1.7 – 0.5 1.6 0.2 5.2 5.5 1.7 2.1 4.0 2.2 – 0.2 2.3 – 0.2 2.7 3.8 1.9 Balance of exports and imports –Subsidies1 + Taxes on production and imports2 =Net national income + Consumption of fixed capital =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 1 As measured by gross value added (GVA) at current prices of the relevant industry as percentage of total GVA at current prices. 2016 868.7 405.9 424.1 442.3 1,213.0 1,260.6 1,311.0 272.5 279.2 287.3 1,485.5 1,539.9 1,598.4 694.1 723.4 740.8 2,179.5 2,263.2 2 339.2 26.0 27.5 27.0 314.7 327.4 334.5 2,468.3 2,563.1 2,646.7 520.6 535.7 552.0 2,988.9 3,098.8 3,198.7 65.0 66.0 64.6 2,923.9 3,032.8 3,134.1 1 Paid by general government. – 2 Received by general government. Compensation of employees, property and entrepreneurial income Government final consumption expenditure 1st quarter 2017 Gross domestic product Price-adjusted, chain-linked Change on the same quarter a year earlier Change on the previous quarter % 4 2.9 2 250 19 20 German economy 3 1991 = 100 1 3,134.1 EUR bn. Services 836.6 8 3,134.1 EUR bn. 69 2015 807.1 + Income tax and social contributions (of employees) =Net national income (factor costs) Use of gross domestic product 2016 in % Gross capital formation 2014 At current prices (EUR bn.) 1 Including acquisitions less disposals of valuables. – 2 Change on the previous year in %. – 3 Contribution to GDP growth in percentage points. Agriculture, forestry and fishing Construction 1 68.2 At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Distribution of gross domestic product – Annual data 200 Property and entrepreneurial income 150 54 Private final consumption expenditure (households and NPISHs) 0 Compensation of employees -1 0.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2014 2015 2016 2017 100 1991 95 2000 05 10 2016 Statistisches Bundesamt Key data for total economy – Annual data 2014 Gross domestic product (GDP), priceadjusted1 Production of gross domestic product – Annual data 2015 2016 2014 2015 Use of gross domestic product – Annual data 2016 2014 At current prices (EUR bn.) 1.6 1.7 1.9 GDP at current prices in EUR bn. 2,923.9 3,032.8 3,134.1 GDP per capita in EUR2 36,105 37,127 37,997 Industry, excluding construction 685.1 707.5 722.3 Total population in 1,0002 80,983 81,687 82,482 Construction 118.2 124.8 134.6 Persons in employment (domestic concept) in 1,000 1,807.5 1,880.1 1,947.2 42,662 43,057 43,595 + Taxes on products 299.4 310.9 319.3 2,090 1,950 1,771 Unemployed persons in 1,0003 Economically active population as % of total population3 Unemployed persons as % of economically active population Gross value added Services 55.0 54.9 4.7 4.3 3.9 Gross national income in EUR bn. 2,988.9 3,098.8 3,198.7 Disposable income of households in EUR bn. 1,710.1 1,763.1 1,813.9 2,729.7 2,822.2 20.4 17.4 18.0 – Subsidies on products =Gross domestic product 55.2 2,631.3 Agriculture, forestry and fishing 6.7 7.8 7.4 2,923.9 3,032.8 3,134.1 Price-adjusted, chain-linked1 Gross value added Agriculture, forestry and fishing 1.5 1.6 1.8 – 12.5 – 3.2 0.4 Industry, excluding construction 5.0 1.6 1.4 Construction 1.4 – 0.2 2.1 Services 0.4 1.7 2.0 Saving ratio (saving as % of disposable income of households) 9.4 9.7 9.7 Taxes on products 2.3 3.2 2.0 Labour productivity (per capita)1,4 0.8 0.8 0.6 Subsidies on products 0.2 – 0.9 – 4.4 Labour productivity (per hour)1,4 0.4 0.8 0.9 Gross domestic product 1.6 1.7 1.9 Compensation of employees per employee1 2.8 2.4 2.3 Compensation of employees per hour worked by employees1 2.1 2.3 2.6 Unit labour costs (per capita)1,5 2.0 1.6 1.7 Unit labour costs (per hour)1,5 1.7 1.5 1.6 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) 1 Change on the previous year in %. 1 Production of gross domestic product 2016 in % 0.3 68.0 0.7 68.3 5 0.8 1 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. Industry, excl. 26 construction Price-adjusted, chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product 2015 2016 1,594.4 561.1 585.1 – 7.4 2,733.2 190.7 1,334.8 1,636.0 583.7 603.8 – 20.2 2,803.3 229.5 1,418.8 1,681.5 615.3 626.1 – 27.6 2,895.3 238.8 1,442.2 1,144.1 2,923.9 1,189.3 3,032.8 1,203.5 3,134.1 Net wages and salaries =Gross wages and salaries + Employers’ social contributions =Compensation of employees + Property and entrepreneurial income 0.9 1.2 3.4 – 0.1 1.4 0.3 4.1 4.0 1.6 2.0 2.7 1.7 – 0.5 1.6 0.2 5.2 5.5 1.7 2.1 4.0 2.2 – 0.2 2.3 – 0.2 2.7 3.8 1.9 Balance of exports and imports –Subsidies1 + Taxes on production and imports2 =Net national income + Consumption of fixed capital =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 1 As measured by gross value added (GVA) at current prices of the relevant industry as percentage of total GVA at current prices. 2016 868.7 405.9 424.1 442.3 1,213.0 1,260.6 1,311.0 272.5 279.2 287.3 1,485.5 1,539.9 1,598.4 694.1 723.4 740.8 2,179.5 2,263.2 2 339.2 26.0 27.5 27.0 314.7 327.4 334.5 2,468.3 2,563.1 2,646.7 520.6 535.7 552.0 2,988.9 3,098.8 3,198.7 65.0 66.0 64.6 2,923.9 3,032.8 3,134.1 1 Paid by general government. – 2 Received by general government. Compensation of employees, property and entrepreneurial income Government final consumption expenditure 1st quarter 2017 Gross domestic product Price-adjusted, chain-linked Change on the same quarter a year earlier Change on the previous quarter % 4 2.9 2 250 19 20 German economy 3 1991 = 100 1 3,134.1 EUR bn. Services 836.6 8 3,134.1 EUR bn. 69 2015 807.1 + Income tax and social contributions (of employees) =Net national income (factor costs) Use of gross domestic product 2016 in % Gross capital formation 2014 At current prices (EUR bn.) 1 Including acquisitions less disposals of valuables. – 2 Change on the previous year in %. – 3 Contribution to GDP growth in percentage points. Agriculture, forestry and fishing Construction 1 68.2 At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Distribution of gross domestic product – Annual data 200 Property and entrepreneurial income 150 54 Private final consumption expenditure (households and NPISHs) 0 Compensation of employees -1 0.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2014 2015 2016 2017 100 1991 95 2000 05 10 2016 Statistisches Bundesamt Key data for total economy – Annual data 2014 Gross domestic product (GDP), priceadjusted1 Production of gross domestic product – Annual data 2015 2016 2014 2015 Use of gross domestic product – Annual data 2016 2014 At current prices (EUR bn.) 1.6 1.7 1.9 GDP at current prices in EUR bn. 2,923.9 3,032.8 3,134.1 GDP per capita in EUR2 36,105 37,127 37,997 Industry, excluding construction 685.1 707.5 722.3 Total population in 1,0002 80,983 81,687 82,482 Construction 118.2 124.8 134.6 Persons in employment (domestic concept) in 1,000 1,807.5 1,880.1 1,947.2 42,662 43,057 43,595 + Taxes on products 299.4 310.9 319.3 2,090 1,950 1,771 Unemployed persons in 1,0003 Economically active population as % of total population3 Unemployed persons as % of economically active population Gross value added Services 55.0 54.9 4.7 4.3 3.9 Gross national income in EUR bn. 2,988.9 3,098.8 3,198.7 Disposable income of households in EUR bn. 1,710.1 1,763.1 1,813.9 2,729.7 2,822.2 20.4 17.4 18.0 – Subsidies on products =Gross domestic product 55.2 2,631.3 Agriculture, forestry and fishing 6.7 7.8 7.4 2,923.9 3,032.8 3,134.1 Price-adjusted, chain-linked1 Gross value added Agriculture, forestry and fishing 1.5 1.6 1.8 – 12.5 – 3.2 0.4 Industry, excluding construction 5.0 1.6 1.4 Construction 1.4 – 0.2 2.1 Services 0.4 1.7 2.0 Saving ratio (saving as % of disposable income of households) 9.4 9.7 9.7 Taxes on products 2.3 3.2 2.0 Labour productivity (per capita)1,4 0.8 0.8 0.6 Subsidies on products 0.2 – 0.9 – 4.4 Labour productivity (per hour)1,4 0.4 0.8 0.9 Gross domestic product 1.6 1.7 1.9 Compensation of employees per employee1 2.8 2.4 2.3 Compensation of employees per hour worked by employees1 2.1 2.3 2.6 Unit labour costs (per capita)1,5 2.0 1.6 1.7 Unit labour costs (per hour)1,5 1.7 1.5 1.6 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) 1 Change on the previous year in %. 1 Production of gross domestic product 2016 in % 0.3 68.0 0.7 68.3 5 0.8 1 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. Industry, excl. 26 construction Price-adjusted, chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product 2015 2016 1,594.4 561.1 585.1 – 7.4 2,733.2 190.7 1,334.8 1,636.0 583.7 603.8 – 20.2 2,803.3 229.5 1,418.8 1,681.5 615.3 626.1 – 27.6 2,895.3 238.8 1,442.2 1,144.1 2,923.9 1,189.3 3,032.8 1,203.5 3,134.1 Net wages and salaries =Gross wages and salaries + Employers’ social contributions =Compensation of employees + Property and entrepreneurial income 0.9 1.2 3.4 – 0.1 1.4 0.3 4.1 4.0 1.6 2.0 2.7 1.7 – 0.5 1.6 0.2 5.2 5.5 1.7 2.1 4.0 2.2 – 0.2 2.3 – 0.2 2.7 3.8 1.9 Balance of exports and imports –Subsidies1 + Taxes on production and imports2 =Net national income + Consumption of fixed capital =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 1 As measured by gross value added (GVA) at current prices of the relevant industry as percentage of total GVA at current prices. 2016 868.7 405.9 424.1 442.3 1,213.0 1,260.6 1,311.0 272.5 279.2 287.3 1,485.5 1,539.9 1,598.4 694.1 723.4 740.8 2,179.5 2,263.2 2 339.2 26.0 27.5 27.0 314.7 327.4 334.5 2,468.3 2,563.1 2,646.7 520.6 535.7 552.0 2,988.9 3,098.8 3,198.7 65.0 66.0 64.6 2,923.9 3,032.8 3,134.1 1 Paid by general government. – 2 Received by general government. Compensation of employees, property and entrepreneurial income Government final consumption expenditure 1st quarter 2017 Gross domestic product Price-adjusted, chain-linked Change on the same quarter a year earlier Change on the previous quarter % 4 2.9 2 250 19 20 German economy 3 1991 = 100 1 3,134.1 EUR bn. Services 836.6 8 3,134.1 EUR bn. 69 2015 807.1 + Income tax and social contributions (of employees) =Net national income (factor costs) Use of gross domestic product 2016 in % Gross capital formation 2014 At current prices (EUR bn.) 1 Including acquisitions less disposals of valuables. – 2 Change on the previous year in %. – 3 Contribution to GDP growth in percentage points. Agriculture, forestry and fishing Construction 1 68.2 At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Distribution of gross domestic product – Annual data 200 Property and entrepreneurial income 150 54 Private final consumption expenditure (households and NPISHs) 0 Compensation of employees -1 0.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2017 2014 2015 2016 2017 100 1991 95 2000 05 10 2016 Statistisches Bundesamt National Accounts Production of gross domestic product – Quarterly data 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 www.destatis.de. = Production Agriculture, forestry and fishing Use Final consumption expenditure + Industry Gross fixed capital formation Services Changes in inventories + + Taxes less subsidies on products (net taxes) Balance of exports and imports (net exports) = Distribution Compensation of employees Property and entrepreneurial income + Taxes on production and imports less subsidies + Consumption of fixed capital – Balance of primary income from the rest of the world Gross domestic product 2016 Q2 At current prices (EUR bn.) Gross value added Q3 Q4 Use of gross domestic product – Quarterly data 2017 2016 Q1 Q2 705.0 716.2 716.2 709.8 Agriculture, forestry and fishing 4.5 4.5 4.7 5.1 Industry, excluding construction 184.8 181.1 179.1 184.4 34.4 36.0 37.6 28.8 481.2 75.8 780.8 494.5 77.9 794.1 494.8 79.8 796.1 491.6 81.4 791.3 3.2 1.5 1.4 2.9 Agriculture, forestry and fishing 0.9 – 0.3 0.1 – 0.8 Industry, excluding construction 4.0 0.7 0.1 3.8 Construction 5.6 1.8 – 0.5 4.0 Services 2.8 1.9 2.0 2.6 2.4 3.2 1.9 1.6 0.4 1.3 2.4 2.9 Construction Services + Net taxes on products1 =Gross domestic product Price-adjusted, chain-linked2 Gross value added Net taxes on products1 Gross domestic product 1 Taxes on products less subsidies on products. – 2 Change on the same quarter of the preceding year in %. Gross value added in manufacturing 1 Price-adjusted, chain-linked 8 6 4 2 0 -2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. At current prices (EUR bn.) Private final consumption expenditure (households and NPISHs) + Government final consumption expenditure + Gross fixed capital formation + Changes in inventories1 =Domestic uses + Balance of exports and imports Memorandum item: Exports Imports =Gross domestic product Price-adjusted chain-linked2 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Price-, seasonally and calendar-adjusted figures using Census X-12-ARIMA4 Private final consumption expenditure (households and NPISHs) Government final consumption expenditure Gross fixed capital formation Changes in inventories1, 3 Domestic uses Balance of exports and imports3 Memorandum item: Exports Imports Gross domestic product Q3 Further information Distribution of gross domestic product – Quarterly data Q4 2017 2016 Q1 Q2 421.0 427.9 432.6 412.9 150.6 161.1 – 22.1 710.6 70.2 366.6 296.4 780.8 150.3 159.9 3.9 742.1 52.0 358.5 306.5 794.1 165.1 162.5 – 22.7 737.4 58.6 370.8 312.2 796.1 154.5 149.9 15.4 732.7 58.6 375.1 316.5 791.3 2.9 1.9 1.6 1.6 4.9 4.7 – 0.5 3.2 0.3 4.6 5.0 3.2 3.9 1.4 0.0 2.1 – 0.5 1.4 2.7 1.6 2.7 – 0.4 0.1 1.5 – 0.1 3.3 4.3 1.3 1.5 3.4 0.3 2.2 0.9 6.6 5.6 2.9 At current prices (EUR bn.) Net wages and salaries + Income tax and social contributions (of employees) =Gross wages and salaries 2017 Q3 Q4 Q1 207.5 218.8 240.1 210.5 111.9 104.7 122.7 107.6 319.4 323.4 362.8 318.1 70.8 70.5 77.9 70.6 =Compensation of employees 390.2 393.9 440.7 388.7 + Property and entrepreneurial income 181.1 201.5 161.9 200.0 =Net national income (factor costs) + Taxes on production and imports less subsidies1 =Net national income 571.4 595.4 602.6 588.7 75.5 77.4 77.8 80.3 646.8 672.8 680.4 669.0 + Consumption of fixed capital 137.6 138.5 139.2 141.2 =Gross national income – Balance of primary income from the rest of the world =Gross domestic product 784.4 811.3 819.5 810.2 + Employers’ social contributions 3.7 17.2 23.5 18.9 780.8 794.1 796.1 791.3 1 Taxes received by and subsidies paid by general government, respectively. For subject-related information please contact the National Accounts Infoteam: Phone + 49 (0) 611 / 75 26 26 For written requests please use our e-mail address [email protected] or our contact form www.destatis.de/contact For general information on the Statistisches Bundesamt (Federal Statistical Office) please consult www.destatis.de or call our information service: Phone: +49 (0) 611 / 75 24 05 Publications www.destatis.de/publications www.destatis.de/genesis Labour productivity and unit labour costs (per person)1 Price-adjusted, chain-linked Labour productivity2 Unit labour costs3 3 0.4 0.5 0.2 0.3 0.7 – 1.3 0.0 0.1 – 0.1 0.3 0.3 0.4 0.4 0.4 1.7 – 0.4 0.0 0.4 1.1 0.2 0.5 0.6 – 0.4 – 0.3 0.6 0.2 0.7 – 0.2 1.7 2.5 0.4 0.2 0.4 1.3 0.4 0.6 1 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 %. 2 1 Published May 2017 Order Number: 0000018-17321-1 0 -1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 1 Change on the same quarter of the preceding year in %. – 2 Priceadjusted GDP per person in employment. – 3 Compensation of employees per employee in relation to labour productivity per person in employment. © Statistisches Bundesamt (Destatis), 2017 Reproduction and distribution, also of parts, are permitted provided that the source is mentioned Federal Statistical Office, German Economy, 1st quarter 2017
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