Gross domestic product: detailed economic performance results for the 3rd quarter of 2022

WIESBADEN – Overall, the German economy remains robust. The gross domestic product (GDP) rose by 0.4% in the third quarter of 2022 on the second quarter of 2022, adjusted for price, seasonal and calendar variations. The Federal Statistical Office (Destatis) reports that growth was by 0.1 percentage points higher than communicated in the first release of 28 October 2022. The GDP increased, as had been the case in the first two quarters (+0.8% and +0.1%, respectively), despite difficult general conditions in the global economy such as the continuing Covid-19 pandemic, delivery bottlenecks, continuing price rises and the war in Ukraine.

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