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Average Salary - Germany GERMANY / SALARY


SALARY SURVEYS

3,058

UPDATED
May 2022
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

0.92 EUR = 1 USD

€71,307 EUR

$77,553 USD
Berlin

€64,574 EUR

€61,604 EUR

$67,000 USD
Including "Berlin"
Excluding "Berlin"

Average Salary / Germany

Average salary in Germany is €71,307 EUR per year. The most typical earning is €61,604 EUR. All data are based on 3,058 salary surveys. Salaries are different between men and women. Men receive an average salary of €74,293 EUR. Women receive a salary of €60,501 EUR.

The most paid careers are Management & Business with average income €95,716 EUR and Insurance with income €88,085 EUR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of €84,775 EUR. The second most paid education level is Masters Degree with salary of €73,741 EUR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of €108,681 EUR. Employees with 20+ Years of experience receive €107,394 EUR.

Levels / Germany (Gross EUR)

Salary Levels (EUR) per Year Surveys [%]
€9,200 EUR - €13,799 EUR
7 100%
0.23%
€13,800 EUR - €18,399 EUR
22 99.77%
0.72%
€18,400 EUR - €22,999 EUR
52 99.05%
1.7%
€23,000 EUR - €27,599 EUR
83 97.35%
2.71%
€27,600 EUR - €32,199 EUR
63 94.64%
2.06%
€32,200 EUR - €36,799 EUR
107 92.58%
3.5%
€36,800 EUR - €41,399 EUR
148 89.08%
4.84%
€41,400 EUR - €45,999 EUR
171 84.24%
5.59%
€46,000 EUR - €50,599 EUR
240 78.65%
7.85%
€50,600 EUR - €55,199 EUR
212 70.8%
6.93%
€55,200 EUR - €59,799 EUR
235 63.87%
7.68%
THE MOST TYPICAL SALARY
€59,800 EUR - €64,399 EUR
274 56.18%
8.96%
€64,400 EUR - €68,999 EUR
202 47.22%
6.61%
€69,000 EUR - €73,599 EUR
155 40.61%
5.07%
€73,600 EUR - €78,199 EUR
169 35.55%
5.53%
€78,200 EUR - €82,799 EUR
114 30.02%
3.73%
€82,800 EUR - €87,299 EUR
111 26.29%
3.63%
€87,300 EUR - €91,899 EUR
99 22.66%
3.24%
€91,900 EUR - €96,499 EUR
73 19.42%
2.39%
€96,500 EUR - €101,099 EUR
82 17.04%
2.68%
€101,100 EUR - €105,699 EUR
54 14.36%
1.77%
€105,700 EUR - €110,299 EUR
27 12.59%
0.88%
€110,300 EUR - €114,899 EUR
39 11.71%
1.28%
€114,900 EUR - €119,499 EUR
22 10.43%
0.72%
€119,500 EUR - €124,099 EUR
17 9.71%
0.56%
€124,100 EUR - €128,699 EUR
57 9.16%
1.86%
€128,700 EUR - €133,299 EUR
9 7.29%
0.29%
€133,300 EUR - €137,899 EUR
24 7%
0.78%
HIGH SALARIES
€137,900 EUR - €147,099 EUR
28 6.21%
0.92%
€147,100 EUR - €156,299 EUR
39 5.3%
1.28%
€156,300 EUR - €165,499 EUR
30 4.02%
0.98%
€165,500 EUR - €174,699 EUR
24 3.04%
0.78%
€174,700 EUR - €183,899 EUR
10 2.26%
0.33%
€183,900 EUR - €193,099 EUR
15 1.93%
0.49%
€193,100 EUR - €202,299 EUR
9 1.44%
0.29%
€202,300 EUR - €211,499 EUR
12 1.14%
0.39%
€211,500 EUR - €220,699 EUR
1 0.75%
0.03%
€220,700 EUR - €229,899 EUR
6 0.72%
0.2%
€229,900 EUR - €321,799 EUR
16 0.52%
0.52%

Gender / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Men 2,154 €74,293 EUR
2 Women 723 €60,501 EUR

Education / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Doctorate Degree 224 €84,775 EUR
2 Masters Degree 1,461 €73,741 EUR
3 Bachelors Degree 1,096 €68,040 EUR
4 Some College 156 €63,075 EUR
5 High School 104 €57,282 EUR
6 Bellow H. School 17 €54,340 EUR

Experience / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 16-20 Years 186 €108,681 EUR
2 20+ Years 205 €107,394 EUR
3 12-16 Years 277 €93,050 EUR
4 8-12 Years 578 €79,258 EUR
5 4-8 Years 704 €66,201 EUR
6 2-4 Years 499 €55,811 EUR
7 1-2 Years 316 €50,662 EUR
8 0-1 Year 293 €46,984 EUR

Age / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 51-55 69 €119,071 EUR
2 61-65 10 €114,933 EUR
3 56-60 28 €113,922 EUR
4 46-50 128 €108,497 EUR
5 41-45 185 €104,635 EUR
6 36-40 431 €81,924 EUR
7 n/a 182 €78,246 EUR
8 66-70 5 €70,615 EUR
9 31-35 771 €69,695 EUR
10 76-99 1 €62,432 EUR
11 14-20 24 €59,489 EUR
12 26-30 932 €57,466 EUR
13 21-25 292 €46,249 EUR

Work Type / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Self Employed 69 €77,879 EUR
2 Permanent 2,526 €73,925 EUR
3 Contract 371 €58,938 EUR
4 Part Time 92 €44,042 EUR

Cities / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Mannheim 59 €91,027 EUR
2 Frankfurt am Main 378 €78,890 EUR
3 Essen 22 €76,959 EUR
4 München 531 €76,775 EUR
5 Hannover 52 €76,591 EUR
6 Nürnberg 75 €76,407 EUR
7 Düsseldorf 187 €75,580 EUR
8 Stuttgart 219 €73,557 EUR
9 Wuppertal 7 €71,258 EUR
10 Bonn 53 €70,891 EUR
11 Hamburg 279 €70,707 EUR
12 Karlsruhe 43 €68,316 EUR
13 Duisburg 10 €68,224 EUR
14 Köln 98 €65,558 EUR
15 --Other-- 131 €65,374 EUR
16 Berlin 737 €64,546 EUR
17 Dresden 32 €61,880 EUR
18 Leipzig 30 €60,593 EUR
19 Bielefeld 20 €60,409 EUR
20 Dortmund 41 €58,386 EUR
21 Bremen 44 €56,455 EUR
22 --Other-- 1 €44,870 EUR
23 Bochum 9 €41,468 EUR

Career Groups / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Management & Business 445 €95,716 EUR
2 Insurance 14 €88,085 EUR
3 Finance & Banking 163 €87,165 EUR
4 Engineers & Technicians III 13 €80,453 EUR
5 Law 19 €79,442 EUR
6 Engineers & Technicians V 25 €77,511 EUR
7 Construction & Labor Workers 11 €75,580 EUR
8 Military 6 €72,638 EUR
9 Human Resources 122 €71,718 EUR
10 Health Care & Medical II 40 €70,431 EUR
11 IT & Programming II 250 €70,339 EUR
12 IT & Programming 563 €70,247 EUR
13 Aviation & Shipping 37 €69,511 EUR
14 Engineers & Technicians IV 25 €68,868 EUR
15 Automobile 51 €68,500 EUR
16 Health Care & Medical 32 €68,132 EUR
17 Engineers & Technicians II 13 €67,581 EUR
18 Public Sector 23 €67,305 EUR
19 Engineers & Technicians 349 €66,385 EUR
20 Accounting & Administration 93 €64,730 EUR
21 Marketing, Sales, Purchase 240 €64,638 EUR
22 Fashion 13 €63,719 EUR
23 Education & University 103 €63,443 EUR
24 Salesmen & Saleswomen 32 €60,133 EUR
25 Properties & Real Estates 9 €59,213 EUR
26 Organization & Coordination 27 €56,271 EUR
27 Manufacturing & Labor Workers 27 €55,995 EUR
28 Logistics, Road, Railway 44 €55,352 EUR
29 Making Design 50 €54,432 EUR
30 Arts, Culture, Performance 17 €53,513 EUR
31 Media 40 €52,225 EUR
32 Geography & Geodesy 10 €49,927 EUR
33 Customer Services 46 €48,731 EUR
34 Sports & Recreation 4 €48,456 EUR
35 Architect Constructions 56 €48,272 EUR
36 Agriculture & Fishing 6 €44,226 EUR
37 Hotels & Tourism 23 €42,295 EUR
38 Archaeology & History 2 €39,721 EUR
39 Security & Fireguard 5 €34,755 EUR
40 Restaurants, Inns, Pubs 10 €31,078 EUR

Careers / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Director 51 €160,999 EUR
2 General Manager 25 €144,264 EUR
3 CEO 18 €137,368 EUR
4 University Professor 15 €103,348 EUR
5 Manager 58 €97,187 EUR
6 Business Manager 26 €96,820 EUR
7 Finance Manager 17 €96,544 EUR
8 Program Manager 15 €95,349 EUR
9 IT Manager 63 €94,889 EUR
10 Engineering Manager 25 €93,969 EUR
11 Other Finance Career 24 €92,590 EUR
12 SAP Consulting 18 €92,222 EUR
13 Technical Manager 13 €90,659 EUR
14 Human Resources Manager 59 €86,981 EUR
15 Operations Manager 13 €85,878 EUR
16 Business Development Manager 39 €83,671 EUR
17 Electrical Engineer Lead 14 €83,579 EUR
18 Lead Developer 33 €82,936 EUR
19 IT Project Manager 80 €81,924 EUR
20 Marketing Executive 15 €81,924 EUR
21 Product Manager 31 €78,614 EUR
22 Risk Analyst 13 €77,327 EUR
23 IT Coordinator 17 €75,672 EUR
24 Sales Manager 37 €75,396 EUR
25 System Analyst 12 €74,477 EUR
26 Data-warehouse Engineer 15 €73,833 EUR
27 Doctor 13 €72,822 EUR
28 Other Engineer Career 20 €72,270 EUR
29 Other Public Sector Career 12 €71,902 EUR
30 Computer Engineer 20 €70,063 EUR
31 Software Engineer 61 €69,787 EUR
32 Other Management Career 56 €69,419 EUR
33 Project Manager 69 €69,328 EUR
34 Other Automobile Career 44 €69,328 EUR
35 Python Developer 15 €68,408 EUR
36 Marketing Manager 47 €68,224 EUR
37 Logistics Manager 17 €67,121 EUR
38 Research Engineer 54 €66,201 EUR
39 Financial Analyst 41 €66,017 EUR
40 Civil Engineer 13 €65,466 EUR
41 Java Developer 29 €64,730 EUR
42 Engineer 118 €63,719 EUR
43 Electrical Engineer 52 €63,627 EUR
44 Software Developer 167 €63,075 EUR
45 Other IT Career 38 €60,776 EUR
46 C, C++ Developer 29 €59,397 EUR
47 Other Marketing Career 18 €59,029 EUR
48 Other Human Resource Career 19 €56,915 EUR
49 Web Developer 31 €56,087 EUR
50 Aerospace Engineer 14 €56,087 EUR
51 Mechanical Engineer 43 €53,697 EUR
52 Human Resource 23 €53,697 EUR
53 .NET Developer 14 €53,513 EUR
54 Other Education Career 23 €52,961 EUR
55 System Administrator 15 €52,133 EUR
56 Marketing 24 €49,651 EUR
57 Salesmen or Saleswomen 17 €49,099 EUR
58 Architect 40 €42,295 EUR

People's individual salary examples (surveys)

Hr Business Partner
Posted 27 May 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 12-16 Years Expert €90,000 EUR

Data Scientist
Posted 27 May 2022
City Education Experience Knowledge Gross salary / year
Berlin Doctorate Degree 0-1 Year Advanced €70,000 EUR

Senior Marketing Manager
Posted 27 May 2022
City Education Experience Knowledge Gross salary / year
München Masters Degree 4-8 Years Intermediate €69,900 EUR

Devsecops
Posted 26 May 2022
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 2-4 Years Advanced €78,000 EUR

Senior Product Owner
Posted 15 April 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 4-8 Years Advanced €85,000 EUR

Marketing Manager
Posted 14 April 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 12-16 Years Advanced €83,000 EUR

Operations Assistant
Posted 14 April 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 1-2 Years Advanced €33,000 EUR

Senior Android Developer
Posted 14 April 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 4-8 Years Advanced €71,000 EUR

Java Developer
Posted 08 April 2022
City Education Experience Knowledge Gross salary / year
München Bachelors Degree 2-4 Years Expert €62,500 EUR

Senior Assosiate
Posted 08 April 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Bachelors Degree 8-12 Years Expert €83,400 EUR

Talent Acquisition Lead
Posted 08 April 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 4-8 Years Expert €78,200 EUR

Business Analyst
Posted 07 April 2022
City Education Experience Knowledge Gross salary / year
München Bachelors Degree 1-2 Years Intermediate €56,300 EUR

Projectmanager
Posted 07 April 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 1-2 Years Intermediate €58,400 EUR

Quality Engineer
Posted 07 April 2022
City Education Experience Knowledge Gross salary / year
Stuttgart Bachelors Degree 1-2 Years Intermediate €93,800 EUR

Senior Business Analysit
Posted 07 April 2022
City Education Experience Knowledge Gross salary / year
Nürnberg Masters Degree 2-4 Years Advanced €70,400 EUR

Geo Hr
Posted 07 April 2022
City Education Experience Knowledge Gross salary / year
Leipzig Masters Degree 4-8 Years Expert €48,800 EUR

Managing Consultant
Posted 06 April 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 8-12 Years Expert €187,600 EUR

Professor
Posted 05 April 2022
City Education Experience Knowledge Gross salary / year
Köln Doctorate Degree 12-16 Years Expert €135,500 EUR

Architect
Posted 05 April 2022
City Education Experience Knowledge Gross salary / year
Hamburg Bachelors Degree 4-8 Years Advanced €64,600 EUR

Linux Admin
Posted 05 April 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 4-8 Years Advanced €62,500 EUR

Senior Software Engineer
Posted 05 April 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 8-12 Years Expert €104,200 EUR

Fund Analyst
Posted 05 April 2022
City Education Experience Knowledge Gross salary / year
Karlsruhe Bachelors Degree 0-1 Year Intermediate €46,900 EUR

Architect
Posted 27 March 2022
City Education Experience Knowledge Gross salary / year
München Masters Degree 0-1 Year Advanced €37,500 EUR

Application Engineer
Posted 26 March 2022
City Education Experience Knowledge Gross salary / year
Stuttgart Masters Degree 4-8 Years Advanced €57,300 EUR

It Consultant
Posted 26 March 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 12-16 Years Expert €88,600 EUR

Head Of Team
Posted 22 March 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 12-16 Years Advanced €125,100 EUR

Senior Designer
Posted 22 March 2022
City Education Experience Knowledge Gross salary / year
Hamburg Some College 8-12 Years Expert €60,000 EUR

Production Engineer
Posted 22 March 2022
City Education Experience Knowledge Gross salary / year
Hamburg Bachelors Degree 4-8 Years Advanced €52,100 EUR

Analyst
Posted 22 March 2022
City Education Experience Knowledge Gross salary / year
München Bachelors Degree 8-12 Years Intermediate €73,000 EUR

Operations Manager
Posted 19 March 2022
City Education Experience Knowledge Gross salary / year
Berlin Doctorate Degree 1-2 Years Advanced €73,000 EUR

Data Engineer
Posted 19 March 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 1-2 Years Advanced €62,500 EUR

Operations Lead
Posted 18 March 2022
City Education Experience Knowledge Gross salary / year
Hamburg Masters Degree 2-4 Years Advanced €83,400 EUR

Innovation Manager
Posted 18 March 2022
City Education Experience Knowledge Gross salary / year
München Bachelors Degree 2-4 Years Advanced €58,400 EUR

Media Producer And Graphic Designer
Posted 18 March 2022
City Education Experience Knowledge Gross salary / year
Köln Bachelors Degree 0-1 Year Advanced €27,500 EUR

Video Producer
Posted 17 March 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 2-4 Years Advanced €37,500 EUR

Machine Learning Engineer
Posted 17 March 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 0-1 Year Intermediate €49,000 EUR

Head Of Support
Posted 17 March 2022
City Education Experience Knowledge Gross salary / year
--Other-- Some College 16-20 Years Advanced €58,400 EUR

Stock Broker Lead
Posted 13 March 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 8-12 Years Advanced €321,100 EUR

Mid-level Landscape Architect
Posted 12 March 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 2-4 Years Intermediate €52,500 EUR

Software Developer In Test
Posted 09 March 2022
City Education Experience Knowledge Gross salary / year
Karlsruhe Masters Degree 8-12 Years Advanced €88,200 EUR

Management And Finance
Posted 09 March 2022
City Education Experience Knowledge Gross salary / year
Hamburg Masters Degree 2-4 Years Advanced €49,000 EUR

Relationship Director
Posted 08 March 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 4-8 Years Advanced €166,800 EUR

Hr Manager
Posted 06 March 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 2-4 Years Intermediate €52,100 EUR

Elektrokonstrukteur
Posted 05 March 2022
City Education Experience Knowledge Gross salary / year
Stuttgart Bachelors Degree 0-1 Year Advanced €67,800 EUR

Business Analyst
Posted 04 March 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 0-1 Year Intermediate €44,800 EUR

Senior Electrical Engineer
Posted 03 March 2022
City Education Experience Knowledge Gross salary / year
Hamburg Bachelors Degree 8-12 Years Expert €75,100 EUR

Frontend Developer
Posted 03 March 2022
City Education Experience Knowledge Gross salary / year
München Bachelors Degree 1-2 Years Intermediate €65,700 EUR

Senior Cloud Engineer
Posted 21 February 2022
City Education Experience Knowledge Gross salary / year
Hamburg Masters Degree 12-16 Years Expert €82,400 EUR

Planning Coordinator
Posted 21 February 2022
City Education Experience Knowledge Gross salary / year
Hamburg Bachelors Degree 12-16 Years Advanced €61,800 EUR

Project Manager
Posted 21 February 2022
City Education Experience Knowledge Gross salary / year
Hannover Bachelors Degree 4-8 Years Advanced €102,000 EUR

ECONOMY / Germany

Introduction

Germany is a country found in the west of Europe. It is highly characterized by rivers, forests, sea beaches, and mountain ranges. Germany's capital city is Berlin. The country has a strong social-economic model economy. Germany is the most powerful economic country in Europe and is also ranked as number four globally in terms of the nominal GDP.

The high economic growth is achieved by its various sectors, including service, industry, and agriculture sectors. Germany uses the Euro currency when transacting. The article will help you learn about Germany's economy and some of the industries which have led to its massive economic growth.

 

GDP

Germany's nominal GDP in 2021 is around $ 4.32 trillion and $ 4.74 for the purchasing power parity. Germany is ranked as the 4th largest for nominal GDP and number five for PPP. The GDP has been rising over the years. In the year 2018, the rise was by 1.3 percent, in 2019 by 0.6 percent; however, during the year 2020, there was a massive drop of 6 percent due to the Covid 19 pandemic.

The GDP per capita is 51,967 and $57,081 for nominal and PPP, thus giving Germany a ranking of number 15 globally for both GDPs. The GDP for the various economic sectors is as follows.

·       0.7 % for the Agricultural sector

·       30.7% for the industry sector

·       68.6% for the Service sector

The GDP for various components for the year 2017 were as follows

·       53.1% for household consumption

·       19.5% for government consumption

·       20.4% for investment in fixed capital

·       -0.5% for investment in inventories

·       47.3% for export of goods and services

·       37.8 % for imports of goods and services

 

Economic sector

The main sectors which have led to an increase in Germany economy include

·       Primary

The primary sector comprises forestry, mining, and agriculture. The primary industry has led to the employment of about 2.4 percent of the population. Germany's agricultural sector is massive thus has been able to produce 90 percent of their nutrition needs. Almost a third of Germany is covered with forest, making it an importer of wood products.

We also have mining which has helped raise Germany's economy. Some minerals available include lignite, fluorspar, graphite, lime, boron, and potash salt. With the high production, Germany can use them at home and still export to other countries.

·       Technology

Germany is one of the leading countries in terms of technology where they specialize in green technology. The technology aims at producing environmentally friendly items. Germany main focus for green economy includes

·       Waste management and recycling

·       Sustainable water management

·       Material efficiency

·       Power generation

The achievements from the technology sector have been massive, thus boosting the country's economy.

·       Services

The service sector has led to the employment of 74.3 percent for the year 2017. Services constitute 68.6 percent of Germany's GDP. Germany is among the most visited countries, and also most Germans spend their vacation in the country thus making the dire need of hotels and restaurants. Tourism and domestic travel contribute to around EUR 43.2 million of German GDP. Various sectors have led to an increase in German GDP as follows.

·       Transport, trade, hotel, and restaurants 18%

·       Financial business and Renting activities 30.5%

·       Other service activities 21.7%

·       Industry

Germany is famous for the production of chemicals, electrical equipment, and Machinery. In 2017 industries contributed to 30.7 % of Germany's GDP and also led to the employment of 24.2%. Germany is the fourth-largest exporter of auto automobiles. A significant part of Germany's economy is due to technology SMEs, which are mostly family-owned.

 

Employment Sector

1.    Employment

Germany's employment as of August 2020 stood at 42.3 million, making the employment rate 68.3 percent. The most common jobs in Germany include health care workers, economists, production assistants, software developers and programmers, and sales representatives. The allocation of the labor force for the various economic sectors is as shown below

·       1.4% for the Agriculture sector.

·       24.2% for Industry sector

·       74.3% for the service sector.

Germany's average gross salary for full-time employees in 2019 stood at $4,450 monthly, which is equal to EUR 4,012.

2.    Unemployment.

The unemployment rate in Germany has gradually reduced over the years. In 2017 the unemployment rate was 5.7%, in 2018, 5.2%, and in 2019 5 percent. However, in 2020, there was a slight increase in the unemployment rate due to the Covid 19 pandemic. In the year 2020, the unemployment rate was 5.9 percent.

 

Exports and Imports

In 2019 German exports amounted to $ 2.004 trillion. The main export partners of Germany include the United Kingdom, Netherlands, China, France, United States, and Italy. Germany Trade statistics show that the goods and services imported by Germany account for 46.89 % of Germany's GDP. The main exports of Germany include

·       Foodstuffs

·       Textile

·       Pharmaceuticals

·       Rubber and plastic products

·       Machinery

·       Motor vehicle

·       Computer and electronic products

In 2019, Germany's imports were $ 1.804 trillion. The primary imported goods include Agricultural products, foodstuffs, data processing equipment, pharmaceuticals, transport equipment, and Machinery. Germany trade statistics show that the goods and services that Germany imports account for 41.10 percent of its GDP.

 

Inflation

The inflation CPI of Germany has gradually decreased over the years. Inflation CPI represents the average weighted market of services and consumer goods purchased by households. The world outlook database shows that in 2018 the inflation was 2%, the year 2019 1.3%, and the year 2020 0.5 percent. As of August 2021, Germany recorded the highest inflation rate, which was 3.9 percent. The main reasons for the high inflation included

·       Reduction of the prices of petroleum products

·       Temporarily reduction of the Value Added Tax

·       Marked price increases

 

Conclusion

Germany is ranked as the fourth largest globally in nominal GDP and uses the highly developed social market economy. Some of the main sectors which have led to the high economic growth include chemical, Machinery, motor vehicles, food and beverage, Textiles and automobiles industries. The sectors have led to massive jobs creations, thus lowering the unemployment rate. The economic sectors have also led to Germany becoming a major exporter. We also find that Germany is the largest manufacturing economy in Europe.


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