The German economy continued to grow at the end of 2017. As the Federal Statistical Office (Destatis), the gross domestic product (GDP) increased by 0.6% - upon price, seasonal and calendar adjustment - in the fourth quarter of 2017 compared with the previous quarter.
The economic situation in Germany in 2017 was characterised by steady and strong growth (+0.9% in the first quarter, +0.6% in the second quarter and +0.7% in the third quarter). For the whole year of 2017, this was an increase of 2.2% (calendar-adjusted: +2.5%), as reported by the Federal Statistical Office. The provisional annual GDP result released in January has thus been confirmed.