Real Value of Gross Domestic Product and Terms of Trade: Results for 2016

In addition to statistics on real gross domestic product, the German Federal Statistics Office also publishes the real value of gross domestic product. Both key indicators differ in the terms-of-trade-effect. On annual average, the real value of gross domestic product increased by 2.4% in 2016, while real gross domestic product, by contrast, grew by 1.9%. The purchasing power of domestically created income as measured by growth rates in the real value of GDP increased to a far greater extent than domestic economic output as measured by the rate of change in real GDP.