Germany's GDP grows 0.5% YoY in Q4 2022: Destatis

After the German economy managed to perform well despite difficult conditions in the first three quarters, economic performance slightly decreased in the fourth quarter of 2022. Especially the price, seasonally and calendar adjusted private consumption expenditure, which had supported the German economy in the first three quarters, was lower than in the previous quarter.

The price adjusted GDP rose by 1.8 per cent in 2022. Economic growth was 1.9 per cent after adjustment for price and calendar effects. This means a downward revision of the original result by 0.1 percentage points, as per Destatis.

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