Berlin, jan 12 (EFE).- The German economy grew by 2016 1.9% compared to the previous year, thanks to the creation of employment and the rise in wages, private investment and the expenditure of the public administrations to serve hundreds of thousands of refugees.
The Federal Statistical Office (Destatis) reported today, based on preliminary data, the evolution of the gross domestic product (GDP) in the largest european economy, which behaved slightly better than in the last two exercises, and above the average of the last decade.
The German economy shows a “strong constitution”, he said at a press conference the president of Destatis, Dieter Sarreither, who noted that the “engines of growth most important” were the components “internal”, while the external sector “slowed slightly” growth.
In particular, he explained, the consumption of the families grew up in 2016, a 2 % thanks to the buoyant labour market situation, where they marked a new historical maximum of employed population (43.5 million people) at the same time, falling unemployment, and increased 3.6 % on average wages.
in Addition, private investment increased significantly both in equipment (by 1.7 %) as in the construction sector (3.1 per cent).
The third pillar of German growth was the spending of the public administrations, which rebounded to 4.2% in comparison to the previous exercise, something that, in the judgment of Destatis, is derived in large measure from the extraordinary work of reception and care for asylum seekers.
The exact sum “you can’t quantify,” said Sarreither, because the games for the benefit of the refugees (nearly 1.2 million arrivals between 2015 and 2016) by concepts such as accommodation, food, education and health do not distinguish statistically between germans and foreigners.
For its part, the external sector contributed negatively to GDP, as imports grew more than exports last year, a 3.4% vs. 2.5 %, although quantitatively the latter were older than the first.
Germany remains one of the largest exporters in the world and in November, as reported by Destatis, this week, racked up a trade surplus 22,600 million euros.
This advance of GDP are slightly higher than those recorded in 2015 and 2014, when the German economy grew by 1.7 % and 1.6 %, respectively, and are situated clearly above the rates of 2013 (0.3 per cent).
these figures show that the German economy recovered in the last three months of the year some of the momentum from the first half of the year -in the first quarter grew by 0.7 % and in the second one, 0.4 %- and he has overcome the slowdown experienced between July and September (by 0.2 %).
Destatis, will be communicated in February, the GDP growth in the fourth quarter and final results for the whole of the previous exercise, advanced that, according to the partial data available, it appears that the progress of the German economy between October and December was between 0.3% and 0.6%.
in Addition, it was reported that Germany closed all of its public accounts in 2016, with a surplus of 19,200 million euros, equivalent to 0.6% of the gross domestic product (GDP) of the largest european economy.
The central Government and the regional, as well as the social security ended the year in positive, while the municipalities that achieved the zero-deficit, said Destatis, which stressed that Germany suffered for three years with the public accounts in green.
Contributed to this result the fact that German administrations reduced the costs relating to the amortization of its debt due to low interest rates: in total spent 10.200 million euros to this concept, 1,500 less than the previous year.
The Ministry of Finance indicated in a press release that the central Government in Berlin has achieved a surplus of 6.200 million euros last year and decided to devote that sum to the repayment of the state debt.
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