The electronic structure of the GdNiGe ternary intermetallic compound was investigated in this work. We carried out the spin-polarized DFT+U calculations of its band structure within generalized gradient approximation accounting for strong electronic correlations in the 4f-shell of gadolinium ions. The antiferromagnetic ordering was reproduced in the calculations, in agreement with experimental data. The calculated equilibrium volume is within 2% accuracy to the experimental crystal structure data, which demonstrates the reliability of the method chosen. The 4f-shell of Gd was demonstrated to substantially contribute to the spectral and magnetic properties of the GdNiGe compounds, whereas other ions were found nonmagnetic, in agreement with experimental data.