German GDP down by 0.2% in Q4 - Breaking The News

German GDP down by 0.2% in Q4

25 February

1 min read

EPA-EFE/OMER MESSINGER

Germany's gross domestic product (GDP) adjusted for price, season and calendar declined 0.2% in the fourth quarter of 2024 compared to the previous three-month period, the country's Federal Statistical Office Destatis said in its final report released on Tuesday. The figure aligned with that from the first estimate.

The document attributed the contraction mostly to a significant decline in exports of goods, which decreased by 3.4%. Additionally, imports of goods fell by 1% quarter-on-quarter.

Year-on-year, the GDP adjusted for price dropped by 0.4%. Price and calendar adjusted, the figure contracted by 0.2% compared to the same quarter in 2023.

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