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    23.02.2016 09:55 German final GDP increases 0.3% in the fourth quarter

    Destatis released its final gross domestic product (GDP) growth for Germany on Tuesday. Germany's final GDP gained by 0.3% in the fourth quarter, in line with the preliminary reading, after a 0.3% increase in the third quarter.

    The increase was driven by domestic final consumption expenditure. Household consumption expenditure rose by 0.2% in the fourth quarter, while government spending increased by 1.0%.

    Exports of goods and services were down 0.6% in fourth quarter, while imports climbed 0.5%.

    On a yearly basis, Germany's final GDP rose to 2.1% in the fourth quarter from 1.8% in the third quarter, in line with the preliminary reading.

    In 2015 as whole, the economy expanded 1.7%, in line with the preliminary reading.

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