Germany's GDP Decreased by 0.1% YoY in the 2nd Quarter of 2024 Compared to the 1st Quarter of 2024

27 August 2024

The gross domestic product (GDP) fell by 0.1% in the second quarter of 2024 compared with the first quarter of 2024 after adjustment for price, seasonal and calendar variations.

GDP in the second quarter of 2024 was up a price adjusted 0.3% compared with the second quarter of 2023. After price and calendar adjustment, GDP stagnated (0.0%) compared with the same quarter of the previous year as there was one additional working day in the 2nd quarter of 2024.

Source: Destatis
Post by: Republic of Türkiye Ministry of Trade