How is annualized GDP growth normally calculated

Price-adjusted change in gross domestic product on the previous quarter up to Q1 2021

Published by J. Rudnicka, April 30, 2021
In the first quarter of 2021, the gross domestic product (GDP) declined by 1.7 percent compared to the previous quarter. In the 3rd and 4th quarters of 2020, economic output recently recovered somewhat. The reason for the renewed decline in the first quarter of 2021 is the effects of the corona crisis and the associated shutdown of the economy.

Further information on the subject of Corona

Information on the effects of the coronavirus on the economy can be found on this topic page. For detailed information on the current number of cases and fatalities, the chronology of the outbreak and the international spread, visit our topic page on the coronavirus.

What is the gross domestic product?

The gross domestic product (GDP) is a measure of the economic performance of an economy over a certain period of time. It measures the value of domestically produced goods and services (added value), insofar as these are not used as intermediate inputs for the production of other goods and services. The gross domestic product is the central parameter of the national accounts.

Economic indicators

The term business cycle refers to the cyclical development of the economy, i.e. the alternation between economically strong and weak periods. The economic development can be measured with various indicators; the gross domestic product is of central importance. A large number of these indicators (broken down into leading indicators, presence indicators and lagging indicators) as well as forecasts of economic development are compiled in the dossier Business in Germany.

Change in gross domestic product (GDP) in Germany compared to the previous quarter (price, seasonally and calendar adjusted) from 1st quarter 2017 to 1st quarter 2021