Real value of gross domestic product and terms of trade: methodology and results for 2018

In addition to the real gross domestic product, the German Federal Statistical Office also publishes the real value of the gross domestic product. The two key indicators differ in their terms-of-trade effect. In the result for 2018, the German economy sustained a terms-of-trade loss for the second time in a row. This translates into a drop of 12.1 billion euros in the real value of the gross domestic product.