Business and Science in Germany
(© picture-alliance/ ZB)
Germany lies at the centre of Europe and offers excellent access not just to a prosperous domestic market of 82 million inhabitants, but also to the Common Market of the European Union with its 28 Member States and 500 Million people. Germany is Europe’s powerhouse, and globally it is the fourth largest economy.
Gross National Prduct (GDP) in 2014 stood at 3,341 Billion US Dollar (40,756 US Dollar GDP per capita). Germany is a fully developed, service centred economy; 71 percent of economic activity happen in the services sector. At the sime time, production and industry continue to be of prime importance and form the basis for Germany’s excellent reputation as an outstanding export nation: Anually, Germany exports products valuing approximately 1 trillion Euro, among them in particular technologically advanced items such as vehicles and parts, machinery and chemical products.
More than 10,000 foreign companies operate in Germany, with more than 2 million employees and an annual turnover of more than 750 billion Euros. Foreign investors and entrepreneurs see Germany as a prime location in terms of infrastructure, logistics, research and development as well as design. Especially when it comes to the the framework and the conditions for R&D, Germany scores high marks, which underscores the country’s high competitiveness with regards to future technologies.
The Federal Government's latest figures show a real GDP-growth of 1.5 percent for 2014. The unemployment rate is currently on a record low (Jan. 2015) ranging between 4.8 and 5 percent while inflation is below 1%.
On the pages below you can find information on the various fields of the German economy.
Germany Trade & Invest (GTAI)
Germany Trade & Invest (GTAI) is the economic development agency of the Federal Republic of Germany. With more than 50 offices in Germany and abroad and its network of partners throughout the world, GTAI supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up in Germany.
A number of recent studies underscore Germany’s strength as an investment location. We have summed up the reasons why YOU should invest in Germany
10 Reasons to invest in Germany
Germany is a land of ideas - Europe’s number 1 in terms of patent registrations - and among the most innovative countries worldwide. Internationally renowned institutions have made the country a hub of cutting-edge international science and research.
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“Made in Germany” is a seal of quality around the world and is associated with innovation, quality and cutting-edge technology. Germany stands tall and has established itself as "land of ideas" in the global economy.
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The printing press, gummy bears, computers, television, and MP3s are part of our daily lives. All these important innovations are German inventions.
Mr. Erik Schneider, Head of the Food, Agriculture and Consumer Protection Section at the German Embassy Pretoria, visited Zambia from 16.-19. February 2015. The main objective of his visit was to strengthen the cooperation between Germany and Zambia in the agricultural sector and to commence preparations for the official opening of the “Zambian-German Agricultural Knowledge Centre (AKTC)” in April 2015.
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At the International Green Week in Berlin German Minister of Food and Agriculture Christian Schmidt and his Zambian counterpart Given Lubinda signed a declaration of intent for cooperation in the field of food and agriculture.
Find out more on the declaration