Doing Business in Germany
Published in June 2016
The Federal Republic of Germany is the largest economy in Europe and fourth largest in the world. With 137,847 square miles, bordering with 10 countries, Germany is the most populated member estate in the European Union, with 81.1 million inhabitants, and the second most popular human migration destination.
In 2014 the country registered $3.87Tof GDP, and the annual growth during 2014 ascended to 1.6%. In 2016 it is expected that domestic consumption, bolstered by low energy prices and a weak euro, will drive a GDP growth again.
Germany is categorized by the World Bank as High Income, with a GDP per capita of $47,600 and a population that is highly demanding on new products and services.
Leading world car exports ($163B, 12%), they are the 3rd largest exporter in the world, producing a positive trade balance. Germany is also the 3rd largest importer in the world, buying crude petroleum and cars amongst other products.
Major reasons to do business in Germany:
- The engine of the economy in Europe, with higher exports rate in the region
- Huge domestic market, with over 81 million people with high income, the consumer market offers good opportunities to foreign companies
- Efficiency – the level of productivity is the highest in the world, offering a cost-effective production locations, and highly developed infrastructures
- Labour force highly skilled, 81% of the population having been trained to university entrance level
- Stable investor friendly market
- SMEs friendly – 85% of the companies are SMEs that are highly specialized in their market
- Ease of doing business (World Bank): 15
Relationships with international businesses continue. In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various live data feeds from:
• The Organisation for Economic Cooperation and Development (OECD)
• The World Bank
• The observatory of Economic Complexity
The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.
Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.