Germany’s GDP growth in Q4 2025 was confirmed at +0.3% QoQ and +0.6% YoY in the final estimate, a modest expansion to end an uneven year.

• Final consumption expenditure increased +0.7% QoQ, with government +1.1% and households +0.5%, indicating domestic demand drove quarterly growth.

• Gross fixed capital formation in construction rose +1.6% QoQ and machinery and equipment +0.1% QoQ, showing continued but moderating investment support.

• Exports fell -0.6% QoQ while imports declined -0.3% QoQ, meaning foreign trade again provided no positive contribution to growth.

• On a YoY basis, consumption rose +1.6% (households +1.8%, government +1.3%) and construction investment +0.9%, confirming stronger domestic activity compared with 2024.

• Goods exports increased +2.0% YoY and total exports +1.6% YoY, but imports jumped +4.0% YoY (goods +6.4%), indicating rising import demand relative to exports.

• Gross value added grew +0.4% QoQ, led by construction +1.7% and services improvements, while manufacturing was flat QoQ but +0.7% YoY.

• Employment fell -0.1% YoY but hours worked rose +0.7% YoY, leaving productivity per hour unchanged (0.0% YoY).

• Household consumption rose +4.4% YoY versus income +3.3% YoY, reducing the savings ratio to 9.4% (from 10.4%).