Gross domestic product (GDP), 1st quarter of 2025
+0.4% on the previous quarter (price, seasonally and calendar adjusted)
-0.2% on the same quarter a year earlier (price adjusted)
0.0% on the same quarter a year earlier (price and calendar adjusted)
The German economy had its best quarterly performance since the third quarter of 2022 as a result of the announced tariffs and in anticipation of ‘Liberation Day’. German industrial production and exports surged in March. Net exports and private consumption drove economic activity in the first quarter, while government consumption and inventories dragged on growth.
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