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Average Salary - Germany GERMANY / SALARY


SALARY SURVEYS

3,189

UPDATED
December 2023
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AVERAGE SALARY / YEAR MOST TYPICAL SALARY / YEAR
Gross income
Net (after tax)

0.89 EUR = 1 USD

€69,008 EUR

$77,574 USD
Berlin

€62,373 EUR

€59,601 EUR

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

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Average Salary / Germany

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Average salary in Germany is €69,008 EUR per year. The most typical earning is €59,601 EUR. All data are based on 3,189 salary surveys. Salaries are different between men and women. Men receive an average salary of €72,145 EUR. Women receive a salary of €58,178 EUR.

The most paid careers are Management & Business with average income €92,160 EUR and Insurance with income €84,954 EUR.

Based on education, the highest salaries receive people with Doctorate Degree with salary of €82,108 EUR. The second most paid education level is Masters Degree with salary of €71,344 EUR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of €105,771 EUR. Employees with 20+ Years of experience receive €103,903 EUR.

Levels / Germany (Gross EUR)

Salary Levels (EUR) per Year Surveys [%]
€8,900 EUR - €13,299 EUR
8 100%
0.25%
€13,300 EUR - €17,799 EUR
22 99.75%
0.69%
€17,800 EUR - €22,199 EUR
54 99.06%
1.69%
€22,200 EUR - €26,699 EUR
85 97.37%
2.67%
€26,700 EUR - €31,099 EUR
66 94.7%
2.07%
€31,100 EUR - €35,599 EUR
112 92.63%
3.51%
€35,600 EUR - €39,999 EUR
161 89.12%
5.05%
€40,000 EUR - €44,499 EUR
180 84.07%
5.64%
€44,500 EUR - €48,899 EUR
249 78.43%
7.81%
€48,900 EUR - €53,399 EUR
220 70.62%
6.9%
€53,400 EUR - €57,799 EUR
242 63.72%
7.59%
THE MOST TYPICAL SALARY
€57,800 EUR - €62,299 EUR
281 56.13%
8.81%
€62,300 EUR - €66,699 EUR
210 47.32%
6.59%
€66,700 EUR - €71,199 EUR
164 40.73%
5.14%
€71,200 EUR - €75,599 EUR
175 35.59%
5.49%
€75,600 EUR - €80,099 EUR
118 30.1%
3.7%
€80,100 EUR - €84,499 EUR
116 26.4%
3.64%
€84,500 EUR - €88,999 EUR
102 22.77%
3.2%
€89,000 EUR - €93,399 EUR
78 19.57%
2.45%
€93,400 EUR - €97,899 EUR
86 17.12%
2.7%
€97,900 EUR - €102,299 EUR
56 14.42%
1.76%
€102,300 EUR - €106,699 EUR
27 12.67%
0.85%
€106,700 EUR - €111,199 EUR
40 11.82%
1.25%
€111,200 EUR - €115,599 EUR
26 10.57%
0.82%
€115,600 EUR - €120,099 EUR
20 9.75%
0.63%
€120,100 EUR - €124,499 EUR
59 9.13%
1.85%
€124,500 EUR - €128,999 EUR
9 7.28%
0.28%
€129,000 EUR - €133,399 EUR
27 6.99%
0.85%
HIGH SALARIES
€133,400 EUR - €142,299 EUR
29 6.15%
0.91%
€142,300 EUR - €151,199 EUR
39 5.24%
1.22%
€151,200 EUR - €160,099 EUR
30 4.01%
0.94%
€160,100 EUR - €168,999 EUR
25 3.07%
0.78%
€169,000 EUR - €177,899 EUR
10 2.29%
0.31%
€177,900 EUR - €186,799 EUR
15 1.98%
0.47%
€186,800 EUR - €195,699 EUR
12 1.51%
0.38%
€195,700 EUR - €204,599 EUR
13 1.13%
0.41%
€204,600 EUR - €213,499 EUR
1 0.72%
0.03%
€213,500 EUR - €222,399 EUR
6 0.69%
0.19%
€222,400 EUR - €311,399 EUR
16 0.5%
0.5%
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Gender / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Men 2,253 €72,145 EUR
2 Women 755 €58,178 EUR

Education / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Doctorate Degree 233 €82,108 EUR
2 Masters Degree 1,522 €71,344 EUR
3 Bachelors Degree 1,139 €66,006 EUR
4 Some College 164 €60,580 EUR
5 High School 113 €56,043 EUR
6 Bellow H. School 18 €51,595 EUR

Experience / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 16-20 Years 198 €105,771 EUR
2 20+ Years 205 €103,903 EUR
3 12-16 Years 287 €89,936 EUR
4 8-12 Years 590 €76,681 EUR
5 4-8 Years 734 €64,850 EUR
6 2-4 Years 526 €54,264 EUR
7 1-2 Years 331 €49,104 EUR
8 0-1 Year 318 €45,190 EUR

Age / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 51-55 73 €113,421 EUR
2 61-65 10 €111,197 EUR
3 56-60 35 €110,485 EUR
4 46-50 137 €103,369 EUR
5 41-45 197 €100,166 EUR
6 36-40 447 €79,172 EUR
7 n/a 182 €75,703 EUR
8 66-70 5 €68,319 EUR
9 31-35 809 €67,875 EUR
10 76-99 1 €60,402 EUR
11 14-20 24 €57,555 EUR
12 26-30 965 €55,420 EUR
13 21-25 304 €44,745 EUR

Work Type / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Self Employed 73 €74,280 EUR
2 Permanent 2,638 €71,611 EUR
3 Contract 385 €56,844 EUR
4 Part Time 93 €42,433 EUR

Cities / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Mannheim 60 €87,267 EUR
2 Essen 25 €76,770 EUR
3 Frankfurt am Main 395 €76,503 EUR
4 München 547 €74,635 EUR
5 Hannover 53 €73,657 EUR
6 Düsseldorf 193 €73,390 EUR
7 Nürnberg 79 €73,212 EUR
8 Stuttgart 226 €71,344 EUR
9 Wuppertal 7 €68,942 EUR
10 Bonn 54 €68,675 EUR
11 Hamburg 286 €68,319 EUR
12 Duisburg 10 €66,006 EUR
13 Karlsruhe 45 €65,828 EUR
14 Köln 101 €64,672 EUR
15 --Other-- 143 €62,537 EUR
16 Berlin 783 €62,359 EUR
17 Dresden 34 €60,491 EUR
18 Bielefeld 20 €58,445 EUR
19 Leipzig 31 €58,089 EUR
20 Dortmund 43 €56,310 EUR
21 Bremen 44 €54,620 EUR
22 --Other-- 1 €43,411 EUR
23 Bochum 9 €40,120 EUR

Career Groups / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Management & Business 462 €92,160 EUR
2 Insurance 15 €84,954 EUR
3 Finance & Banking 172 €84,065 EUR
4 Law 20 €79,617 EUR
5 Engineers & Technicians III 14 €78,994 EUR
6 Engineers & Technicians V 26 €73,924 EUR
7 Construction & Labor Workers 11 €73,123 EUR
8 Engineers & Technicians IV 26 €68,675 EUR
9 Health Care & Medical II 40 €68,141 EUR
10 IT & Programming 581 €68,052 EUR
11 IT & Programming II 259 €67,963 EUR
12 Human Resources 135 €67,875 EUR
13 Automobile 52 €67,519 EUR
14 Health Care & Medical 36 €67,341 EUR
15 Aviation & Shipping 39 €67,163 EUR
16 Engineers & Technicians II 13 €65,384 EUR
17 Military 7 €65,295 EUR
18 Public Sector 25 €64,850 EUR
19 Engineers & Technicians 362 €64,761 EUR
20 Fashion 16 €64,672 EUR
21 Accounting & Administration 98 €62,626 EUR
22 Marketing, Sales, Purchase 247 €62,181 EUR
23 Education & University 108 €60,491 EUR
24 Properties & Real Estates 11 €58,534 EUR
25 Salesmen & Saleswomen 32 €58,178 EUR
26 Manufacturing & Labor Workers 27 €54,175 EUR
27 Organization & Coordination 28 €54,086 EUR
28 Logistics, Road, Railway 44 €53,552 EUR
29 Arts, Culture, Performance 18 €52,307 EUR
30 Making Design 53 €52,129 EUR
31 Customer Services 53 €50,972 EUR
32 Media 40 €50,528 EUR
33 Agriculture & Fishing 7 €49,549 EUR
34 Geography & Geodesy 10 €48,304 EUR
35 Architect Constructions 58 €46,969 EUR
36 Sports & Recreation 4 €46,880 EUR
37 Hotels & Tourism 23 €40,920 EUR
38 Archaeology & History 2 €38,429 EUR
39 Security & Fireguard 5 €33,626 EUR
40 Restaurants, Inns, Pubs 10 €30,067 EUR

Careers / Germany (Gross EUR)

# Surveys AVERAGE SALARY / YEAR
1 Director 54 €155,854 EUR
2 General Manager 27 €135,661 EUR
3 CEO 19 €130,590 EUR
4 University Professor 15 €99,988 EUR
5 Manager 58 €94,028 EUR
6 Business Manager 26 €93,672 EUR
7 Finance Manager 17 €93,406 EUR
8 Engineering Manager 31 €93,317 EUR
9 IT Manager 66 €93,050 EUR
10 Program Manager 15 €92,249 EUR
11 SAP Consulting 18 €89,224 EUR
12 Other Finance Career 28 €88,157 EUR
13 Technical Manager 13 €87,712 EUR
14 Human Resources Manager 63 €84,154 EUR
15 Lead Developer 33 €80,240 EUR
16 Business Development Manager 40 €80,062 EUR
17 Operations Manager 14 €79,973 EUR
18 Electrical Engineer Lead 16 €79,439 EUR
19 Marketing Executive 15 €79,261 EUR
20 IT Project Manager 81 €79,083 EUR
21 Product Manager 32 €77,927 EUR
22 Security Specialist 13 €75,169 EUR
23 Risk Analyst 13 €74,813 EUR
24 IT Coordinator 17 €73,212 EUR
25 Sales Manager 37 €72,945 EUR
26 Data-warehouse Engineer 16 €70,454 EUR
27 Other Engineer Career 21 €68,853 EUR
28 Other Automobile Career 45 €68,497 EUR
29 Computer Engineer 21 €68,497 EUR
30 Doctor 15 €68,408 EUR
31 Other Public Sector Career 14 €68,408 EUR
32 Software Engineer 63 €67,430 EUR
33 Other Management Career 58 €67,163 EUR
34 Project Manager 72 €66,184 EUR
35 Python Developer 18 €65,828 EUR
36 Marketing Manager 49 €65,473 EUR
37 Logistics Manager 17 €64,939 EUR
38 Financial Analyst 43 €64,227 EUR
39 Research Engineer 54 €64,049 EUR
40 Human Resource Hunter 14 €63,516 EUR
41 Electrical Engineer 54 €62,181 EUR
42 Java Developer 34 €61,647 EUR
43 Engineer 119 €61,292 EUR
44 Software Developer 168 €60,936 EUR
45 Other IT Career 40 €58,089 EUR
46 C, C++ Developer 29 €57,466 EUR
47 Other Marketing Career 18 €57,111 EUR
48 Web Developer 31 €54,264 EUR
49 Aerospace Engineer 14 €54,264 EUR
50 Other Human Resource Career 22 €53,552 EUR
51 .NET Developer 15 €51,951 EUR
52 Mechanical Engineer 44 €51,684 EUR
53 Human Resource 24 €50,617 EUR
54 System Administrator 15 €50,439 EUR
55 Other Education Career 25 €49,905 EUR
56 Salesmen or Saleswomen 17 €47,503 EUR
57 Marketing 26 €47,325 EUR
58 Architect 42 €41,454 EUR

People's individual salary examples (surveys)

Home Care Worker
Posted 18 November 2023
City Education Experience Knowledge Gross salary / year
--Other-- High School 0-1 Year Basic €9,000 EUR

Engineering Manager
Posted 17 November 2023
City Education Experience Knowledge Gross salary / year
Berlin Some College 12-16 Years Expert €130,000 EUR

Fpga
Posted 17 November 2023
City Education Experience Knowledge Gross salary / year
Stuttgart Bachelors Degree 12-16 Years Expert €120,000 EUR

Data Engineer
Posted 15 November 2023
City Education Experience Knowledge Gross salary / year
München Bachelors Degree 0-1 Year Expert €56,400 EUR

Technician
Posted 22 August 2023
City Education Experience Knowledge Gross salary / year
Stuttgart High School 2-4 Years Advanced €42,000 EUR

Doctor Medicine
Posted 21 August 2023
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 8-12 Years Advanced €55,800 EUR

Content Moderation
Posted 20 July 2023
City Education Experience Knowledge Gross salary / year
Essen Bellow H. School 2-4 Years Basic €34,300 EUR

Head Of R&d
Posted 20 July 2023
City Education Experience Knowledge Gross salary / year
Stuttgart Doctorate Degree 8-12 Years Expert €123,800 EUR

Accountant
Posted 18 July 2023
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 1-2 Years Intermediate €37,700 EUR

Solution Architect
Posted 17 July 2023
City Education Experience Knowledge Gross salary / year
Nürnberg Bachelors Degree 12-16 Years Advanced €95,200 EUR

Project Mep Engineer
Posted 17 July 2023
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Bachelors Degree 4-8 Years Advanced €114,300 EUR

Software Engineer
Posted 17 July 2023
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 4-8 Years Advanced €89,500 EUR

Associate Retail Specialist
Posted 17 July 2023
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 2-4 Years Intermediate €38,100 EUR

Vice President
Posted 14 July 2023
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 4-8 Years Expert €100,000 EUR

Junior Project Manager
Posted 14 July 2023
City Education Experience Knowledge Gross salary / year
München Masters Degree 1-2 Years Intermediate €61,900 EUR

Ux Ui Designer
Posted 12 July 2023
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 0-1 Year Intermediate €51,400 EUR

Research Associate
Posted 11 July 2023
City Education Experience Knowledge Gross salary / year
München Masters Degree 1-2 Years Intermediate €54,300 EUR

Financial Controller
Posted 22 May 2023
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 4-8 Years Expert €60,700 EUR

Chief Information Officer
Posted 22 May 2023
City Education Experience Knowledge Gross salary / year
Köln Masters Degree 16-20 Years Expert €195,900 EUR

Junior Developer
Posted 22 May 2023
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 0-1 Year Intermediate €52,900 EUR

Key Account Manager
Posted 29 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 16-20 Years Expert €48,000 EUR

Auditor
Posted 28 September 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 4-8 Years Advanced €66,700 EUR

General Manager
Posted 28 September 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main High School 4-8 Years Advanced €88,900 EUR

Hr Manager
Posted 28 September 2022
City Education Experience Knowledge Gross salary / year
Stuttgart Masters Degree 4-8 Years Advanced €88,900 EUR

Project Manager
Posted 28 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 0-1 Year Basic €44,500 EUR

Consultant
Posted 27 September 2022
City Education Experience Knowledge Gross salary / year
Stuttgart Bachelors Degree 4-8 Years Intermediate €48,000 EUR

Pianist
Posted 27 September 2022
City Education Experience Knowledge Gross salary / year
Düsseldorf High School 4-8 Years Advanced €62,300 EUR

Market Analyst
Posted 27 September 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 0-1 Year Intermediate €44,500 EUR

Eu Operations Manager
Posted 13 September 2022
City Education Experience Knowledge Gross salary / year
Mannheim Some College 1-2 Years Intermediate €39,100 EUR

Talent Acquisition Specialist
Posted 13 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 2-4 Years Advanced €39,700 EUR

Product Manager
Posted 13 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 4-8 Years Advanced €66,100 EUR

Sergeant Air Force
Posted 12 September 2022
City Education Experience Knowledge Gross salary / year
--Other-- Some College 4-8 Years Advanced €35,000 EUR

It Engineer
Posted 12 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 2-4 Years Intermediate €62,500 EUR

Social Media Manager
Posted 12 September 2022
City Education Experience Knowledge Gross salary / year
Hamburg Masters Degree 2-4 Years Expert €68,800 EUR

Advisor, Enabler & Facilitator
Posted 10 September 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 16-20 Years Expert €114,600 EUR

Analyst
Posted 09 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 2-4 Years Advanced €66,100 EUR

Sales & Technical Director
Posted 09 September 2022
City Education Experience Knowledge Gross salary / year
Dresden Bachelors Degree 16-20 Years Advanced €74,000 EUR

Product Manager
Posted 08 September 2022
City Education Experience Knowledge Gross salary / year
München Masters Degree 2-4 Years Advanced €119,000 EUR

Purchasing Employee
Posted 08 September 2022
City Education Experience Knowledge Gross salary / year
Dortmund Masters Degree 0-1 Year Intermediate €30,900 EUR

General Manager
Posted 08 September 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 16-20 Years Advanced €111,100 EUR

Manager
Posted 08 September 2022
City Education Experience Knowledge Gross salary / year
München High School 4-8 Years Expert €132,200 EUR

Architect
Posted 07 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 4-8 Years Advanced €67,900 EUR

People Operations Specialist
Posted 06 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Bachelors Degree 0-1 Year Intermediate €46,700 EUR

Software Developer
Posted 06 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Some College 2-4 Years Intermediate €67,000 EUR

International Project Manager
Posted 06 September 2022
City Education Experience Knowledge Gross salary / year
--Other-- Bachelors Degree 0-1 Year Intermediate €30,900 EUR

Associate
Posted 06 September 2022
City Education Experience Knowledge Gross salary / year
Frankfurt am Main Masters Degree 2-4 Years Expert €132,200 EUR

Analyst
Posted 06 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 1-2 Years Intermediate €40,500 EUR

Marketing Research Analyst
Posted 06 September 2022
City Education Experience Knowledge Gross salary / year
Berlin Masters Degree 0-1 Year Intermediate €34,400 EUR

Work Student
Posted 04 September 2022
City Education Experience Knowledge Gross salary / year
Nürnberg Masters Degree 0-1 Year Intermediate €26,400 EUR

Marketing Manager
Posted 04 September 2022
City Education Experience Knowledge Gross salary / year
--Other-- Masters Degree 16-20 Years Expert €45,900 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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