Germany’s GDP rose +0.3% QoQ in Q1 2026 and +0.5% YoY (price adjusted), indicating modest continued expansion supported by domestic demand and exports.

• Price-adjusted GDP increased +0.3% QoQ in Q1 2026 (Q4 2025: +0.2% QoQ, revised from +0.3%), showing a slight acceleration from the prior quarter despite downward revisions.
• On a YoY basis, GDP was +0.5% higher than Q1 2025 (price adjusted), or +0.3% YoY after price and calendar adjustment, indicating moderate growth compared with the previous year.
• Household and government final consumption expenditures both increased QoQ, pointing to domestic demand as a key contributor to overall economic growth.
• Exports also rose QoQ based on provisional data, suggesting external demand provided additional support to the expansion.
• Q4 2025 GDP growth was revised down by -0.1 ppt to +0.2% QoQ, indicating slightly weaker momentum at the end of last year than previously estimated.
• For full-year 2025, GDP growth was revised to +0.3% YoY (price and calendar adjusted) from +0.4%, reflecting a modest downward adjustment to the annual growth profile.
• Earlier 2025 quarterly results remained unchanged outside Q4, indicating that revisions were limited in scope and did not materially alter the broader growth trend.