Destatis released its gross domestic product (GDP) growth for Germany on Thursday. Germany's price-adjusted GDP gained by 1.7% year-on-year in 2015, after a 1.6% increase in 2014.

Germany's calendar-adjusted GDP rose by 1.5% year-on-year in 2015, after a 1.6% growth in 2014.

The increase was driven by household consumption.

Household final consumption expenditure climbed by a price-adjusted rate of 1.9% year-on-year in 2015, while government final consumption expenditure jumped by 2.8%.

Price-adjusted exports of goods and services soared 5.4% year-on-year in 2015, while imports rose 5.7%.

The budget surplus was 0.5% of GDP in 2015.