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Germany’s GDP Surges by 1.7% in the Third Quarter of 2021

November 25, 2021 by Forex Winner Leave a Comment

Germany’s GDP Surges by 1.7% in the Third Quarter of 2021

Source: Destatis

Germany’s gross domestic product increased by 1.7% in the third quarter, lower than a gain of 2.0% in the previous quarter. DAX is up +0.40%, EURUSD is up +0.24%.

Germany GDP
  • The third quarter GDP was 2.5% higher than the comparable period of 2020. The GDP had increased by 10.4% in the second quarter from the prior year.
  • The uptick in GDP was fueled by robust domestic demand, which rose 6.2% from the previous quarter. 
  • Foreign trade fell, with the exports of goods and services declining by 1.0% from the second quarter. Imports fell by a lower 0.6% in the third quarter.
  • Germany’s GDP is now 1.1% below the fourth quarter of 2019, before the coronavirus pandemic.

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