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Real Value of Gross Domestic Product and Terms of Trade: Results for 2017

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  • Wolfgang Nierhaus

Abstract

In addition to gross domestic product, the German Federal Statistics Office also publishes the real value of gross domestic product. Both key indicators differ in their terms-of-trade-effect. In 2017 the German economy sustained a terms-of-trade loss for the first time in four years. This led to a drop of 12.7 billion euros in the real value of gross domestic product for the German economy.

Suggested Citation

  • Wolfgang Nierhaus, 2018. "Real Value of Gross Domestic Product and Terms of Trade: Results for 2017," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(04), pages 39-43, February.
    • Handle: RePEc:ces:ifosdt:v:71:y:2018:i:04:p:39-43
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    File URL: https://www.ifo.de/DocDL/sd-2018-04-nierhaus-realwert-bip-terms-of-trade-2018-02-22.pdf
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    References listed on IDEAS

    as
    1. Kohli, Ulrich, 2004. "Real GDP, real domestic income, and terms-of-trade changes," Journal of International Economics, Elsevier, vol. 62(1), pages 83-106, January.
    2. Wolfgang Nierhaus, 2000. "Real income in the new European System of Accounts," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 53(04), pages 07-13, February.
    3. Wolfgang Nierhaus, 2015. "Real Value of Gross Domestic Product and Terms of Trade: Results for 2014," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(03), pages 36-40, February.
    4. Wolfgang Nierhaus, 2017. "Real Value of Gross Domestic Product and Terms of Trade: Results for 2016," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(03), pages 46-50, February.
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    Cited by:

    1. Klaus Abberger & Wolfgang Nierhaus, 2018. "Terms of Trade and Trading Gain in Germany and Switzerland: A Country Comparison," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(06), pages 38-42, March.

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    More about this item

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems
    • F30 - International Economics - - International Finance - - - General
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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