The gross domestic product (GDP) fell by 0.7% in the fourth quarter of 2021 on the third quarter of 2021 after adjustment for price, seasonal and calendar variations.

After economic performance had increased again in summer despite growing delivery bottlenecks and material shortages, the recovery of the German economy came to a halt at the end of the year due to the fourth Covid-19 wave and another reinforcement of Covid-19 preventive measures.

In the fourth quarter of 2021, especially household final consumption expenditure declined on the previous quarter, while government final consumption expenditure recorded an increase. Gross fixed capital formation in construction decreased on the third quarter of 2021.
 
The Federal Statistical Office (Destatis) also reports that the GDP increased by 2.8% in 2021 as a whole (also calendar-adjusted). The original result (+2.7%) was thus slightly revised.
 
Source: Destatis
Post by: Republic of Turkiye Ministry of Trade