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German tax revenues rise 0.5% in October, finance ministry says
Published by Global Banking and Finance Review
Posted on November 19, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 19, 2025
1 min readLast updated: January 20, 2026
In October 2024, German tax revenues increased by 0.5%, with wage tax rising and sales tax falling, totaling 61.2 billion euros.
BERLIN (Reuters) -Germany's federal and state government tax revenues were up slightly in October, rising 0.5% from the same month a year ago, the finance ministry said in a report on Thursday.
The German economy, Europe's largest, contracted in 2024 for the second consecutive year due to weak global demand, high energy costs and a dampened industrial output, and the government expects only 0.2% growth this year.
The report said leading indicators continue to send mixed signals, and at best, a moderate recovery can be expected by the end of the year.
Total tax revenues hit 61.2 billion euros ($70.64 billion) in October.
The two most significant types of tax again exhibited opposing trends in October: Revenue from wage tax recorded a noticeable increase, while sales tax revenue fell, it said.
From January to October, tax revenues increased by 5.7% compared with the same period in 2024 to 726.2 billion euros.
For 2025 as a whole, tax analysts predict revenues will climb to 903.8 billion euros, up 5.0%, the report said.
($1 = 0.8664 euros)
(Reporting by Christian Kraemer, writing by Miranda Murray, editing by Thomas Seythal)
Economic growth refers to an increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.
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