Germany


Germany Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Germany; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Deutsche Bundesbank
Germany is part of the Eurosystem and the European Central Bank
International Reserves US$ 234.104 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 3.479 trillion (2011 estimate)
GDP (Purchasing Power Parity) 3.158 trillion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.2% 0% -0.2% 1.2% 0.8% 3.4% 2.7% 0.8%
2009 2010 2011 2012*
-5.1% 3.6% 3.1% 0.6%

*Estimate

GDP per capita - current prices US$ 42,625 (2011 estimate)
GDP per capita - PPP $38,696 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
6.68% 6.15% 5.15% 3.95% 3.51%

**Forecast

GDP - composition by sector
  • agriculture: 0.8% 
  • industry: 28.1% 
  • services: 71% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) 2.82% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0.2%(2008) 1.2% 2.5% 1.9%

*Estimate

Unemployment rate
2009 2010 2011 2012*
7.7% 7.1% 6%(2009) 5.6%

*Estimate

Household saving rates 11.4% (Net saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
66.7% 74.4% 83.2% 81.5% 78.9%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-0.1% -3.2% -4.3% -1% -0.8%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AAA

Moody's rating: Aaa

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$1.298 trillion US$1.43 trillion US$1.184 trillion
Largest companies in Germany Deutsche Post (Air Courier), Deutsche Lufthansa (Airline), Adidas (Apparel/Accessories), Hugo Boss (Apparel/Accessories), Volkswagen Group (Auto & Truck Manufacturers), Daimler (Auto & Truck Manufacturers), BMW Group (Auto & Truck Manufacturers), Porsche Automobil Holding (Auto & Truck Manufacturers), Continental (Auto & Truck Parts), TUI (Business & Personal Services), ProSiebenSat1 Media (Communications Equipment), Siemens (Conglomerates), ThyssenKrupp Group (Conglomerates), GEA Group (Conglomerates), HeidelbergCement (Construction Materials), Hochtief (Construction Service), Bilfinger & Berger (Construction Service), BASF (Diversified Chemicals), Bayer Group (Diversified Chemicals), Linde (Diversified Chemicals), K+S (Diversified Chemicals), Lanxess (Diversified Chemicals), Wacker Chemie (Diversified Chemicals), Allianz (Diversified Insurance), Munich Re (Diversified Insurance), Hannover Re (Diversified Insurance), Nürnberger (Diversified Insurance), Aurubis (Diversified Metals & Mining), RWE Group (Electric Utilities), E.ON (Electric Utilities), EnBW-Energie Baden (Electric Utilities), Südzucker (Food Processing), Metro AG (Food Retail), Celesio (Healthcare Services), Henkel (Household/Personal Care), Beiersdorf (Household/Personal Care), Deutsche Boerse (Investment services), W&W-Wüstenrot (Investment services), Salzgitter (Life & Health Insurance), Deutsche Bank (Major Banks), Commerzbank (Major Banks), Landesbank Berlin (Major Banks), Fresenius (Medical Equipment & Supplies), Fraport (Other Transportation), Merck (Pharmaceuticals), Aareal Bank (Regional Banks), IKB Deutsche (Regional Banks), DVB Bank (Regional Banks), SAP (Software & Programming), Infineon Technologies (Specialized Chemicals), Brenntag (Specialized Chemicals), BayWa (Specialty Stores), Deutsche Telekom (Telecommunications Services) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 180.3 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP 5.2% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

46.8% (2010)

(Data released on April 2012)

Shares in world total merchandising export 8.06%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 6.08% (2011)(2007)

(Data were released in 2012)

Total exports US$1.492 trillion (2012 estimate) 
Export commodities motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, foodstuffs, textiles, rubber and plastic products
Total imports US$1.276 trillion (2012 estimate) 
Import commodities machinery, data processing equipment, vehicles, chemicals, oil and gas, metals, electric equipment, pharmaceuticals, foodstuffs, agricultural products
Exports - major partners France 9.4%, US 6.8%, Netherlands 6.6%, UK 6.2%, Italy 6.2%, China 5.7%, Austria 5.5%, Belgium 4.7%, Switzerland 4.4% (2009 estimate)
Imports - major partners China 9.7%, Netherlands 8.4%, France 7.6%, US 5.7%, Italy 5.2%, UK 4.7%, Belgium 4.2%, Austria 4.1%, Switzerland 4.1% (2009 estimate)
FDI inflows
2009 2010 2011
US$24,156 million US$46,860 million(2009) US$40,402 million(2009)
FDI outflows
2009 2010 2011
US$75,391 million US$109,321 million US$54,368 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$61,340 million US$24,313 million(2009) US$6,848 million(2009) US$4,801 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Merck KGaA, Millipore Corp, United States, $6.1 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Porsche Automobil Holding SE, Porsche Holding GmbH, Austria, $4.5 billion(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 20 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 106 out of 185 countries(2009)

Enforcing Contracts: 5 out of 185 countries

Registering Property: 81 out of 185 countries

Getting credit: 23 out of 185 countries

Protecting investors: 100 out of 185 countries

Trading across border: 13 out of 185 countries

Paying Taxes: 72 out of 185 countries

Dealing with Construction Permits: 14 out of 185 countries

Getting Electricity: 2 out of 185 countries

Resolving Insolvency: 19 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
6

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 26 Score: 71.0 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+1
Total area 357,022 km2 (2006)
Capital Berlin (2009)
Currency euros (EUR) (2009)
Government type federal republic (2009)
Languages German
Religions Protestant 34%, Roman Catholic 34%, Muslim 3.7%, unaffiliated or other 28.3%
Total population
1980 1990 2000 2012* 2017**
76.78 million 78.89 million 82.08 million 81.78 million 80.97 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
71.4% 72.8% 73.1% 73.9%
Population median age 44 years (2010)
Population growth rate -0.1% (2011)
Life expectancy 80 years (2010)
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

28.31 (2000)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

195.35% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 83% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Berlin: 84th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

8.9145 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INSURANCE PROVIDERS

2012:
  • GLOBAL / Best Global General Liability Insurer Allianz (National, 2012)
  • REGIONAL WINNERS / Best Overall Insurer Allianz (National, 2012)
  • REGIONAL WINNERS / Best Overall Insurer Allianz (Jean-Claude Trichet, 2012)
  • REGIONAL WINNERS / Best General Liability Insurer Allianz (National, 2012)
  • REGIONAL WINNERS / Best D&O Insure Allianz (National, 2012)

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2013:
  • REGIONAL WINNERS/Best Overall Bank for Cash Management Deutsche Bank (Western Europe, 2013)
  • REGIONAL WINNERS/Best Provider of Money Market Funds DB Advisors (Western Europe, 2013)
  • REGIONAL WINNERS/Best Bank for Risk Management Deutsche Bank (Western Europe, 2013)
  • REGIONAL WINNERS/Best Bank for Payments and Collections Deutsche Bank (Western Europe, 2013)
  • Best Treasury Management Systems & Services Providers/ERP Solution SAP (Global, 2013)
  • Best Treasury Management Systems & Services Providers/Most Innovative New Solution SAP Financial Services Network (Global, 2013)
2012:
  • Best Overall Bank for Cash Management Deutsche Bank (National, 2012)
  • Best Provider of Money Market Funds DB Advisors (National, 2012)
  • Best Bank for Risk Management Deutsche Bank (2012)
  • Best Bank for Payments and Collections Deutsche Bank (National, 2012)
2011:
  • Best Overall Bank for Cash Management Deutsche Bank (Global, 2011)
  • Best Provider of Money Market Funds DB Advisors (Global, 2011)
  • Best Bank for Risk Management Deutsche Bank (Global, 2011)
  • Best Bank for Payments and Collections Deutsche Bank (Western Europe, 2011)
2010:
  • Best Overall Bank for Cash Management Deutsche Bank (Global, 2010)
  • Best Bank for Risk Management Deutsche Bank (National, 2010)
  • Best Bank for Payments and Collections Deutsche Bank (Global, 2010)
2009:
  • Best Overall Bank for Cash Management Deutsche Bank (National, 2009)
  • Best Bank for Risk Management Deutsche Bank (National, 2009)
  • Best Bank for Payments and Collections Deutsche Bank (National, 2009)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • REGIONAL WINNERS Deutsche Bank (Western Europe, 2013)
  • COUNTRY WINNERS Deutsche Bank (National, 2013)
2012:
  • COUNTRY WINNERS Deutsche Bank (CENTRAL/EASTERN EUROPE, 2012)
2011:
  • COUNTRY WINNERS Deutsche Bank (Global, 2011)
2010:
  • COUNTRY WINNERS Deutsche Bank (Western Europe, 2010)
2009:
  • COUNTRY WINNERS Deutsche Bank (Jean-Claude Trichet, 2009)

WORLD'S BEST DEVELOPED MARKET BANKS

(ranking of the 50 safest banks in the world; the first is the safest)
2012:
  • Deutsche Bank (Global, 2012)
2011:
  • Deutsche Bank (Europe, 2011)
2010:
  • Deutsche Bank (National, 2010)
2009:
  • Commerzbank (Global, 2009)

WORLD'S BEST BANKS

2011:
  • Foreign Exchange Deutsche Bank (Western Europe, 2011)
2010:
  • Foreign Exchange Deutsche Bank (Global, 2010)

WORLD'S BEST DERIVATIVES PROVIDERS

2012:
  • REGIONAL WINNERS / Best Interest Rate Derivatives Provider Deutsche Bank (National, 2012)
  • REGIONAL WINNERS / Best Credit Derivatives Provider Deutsche Bank (2012)
  • REGIONAL WINNERS / Best FX Derivatives Provider Deutsche Bank (National, 2012)
2010:
  • Best Credit Derivatives Provider Deutsche Bank (Global, 2010)
  • Best FX Derivatives Provider Deutsche Bank (Global, 2010)
  • Best Interest Rate Derivatives Provider Deutsche Bank (Global, 2010)
2009:
  • Best FX Derivatives Provider Deutsche Bank (Global, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Western Europe, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S SAFEST BANKS

2013:
  • OVERALL SAFEST KfW (Global, 2013)
  • OVERALL SAFEST Landwirtschaftliche Rentenbank (Global, 2013)
  • OVERALL SAFEST L-Bank (Global, 2013)
  • OVERALL SAFEST NRW.BANK (Global, 2013)
  • OVERALL SAFEST DZ Bank (Global, 2013)
  • REGIONAL WINNERS KfW (Western Europe, 2013)
  • REGIONAL WINNERS Landwirtschaftliche Rentenbank (Western Europe, 2013)
  • REGIONAL WINNERS L-Bank (Western Europe, 2013)
  • REGIONAL WINNERS NRW.BANK (Western Europe, 2013)
2012:
  • OVERALL SAFEST KfW (Global, 2012)
  • OVERALL SAFEST Landwirtschaftliche Rentenbank (Global, 2012)
  • OVERALL SAFEST Landeskreditbank Baden-Württemberg - Förderbank (L-Bank) (Europe, 2012)
  • OVERALL SAFEST NRW.Bank (Europe, 2012)
  • OVERALL SAFEST DZ Bank (Europe, 2012)
  • REGIONAL WINNERS Landwirtschaftliche Rentenbank (Global, 2012)
  • REGIONAL WINNERS Landeskreditbank Baden-Württemberg - Förderbank (L-Bank) (Western Europe, 2012)
  • REGIONAL WINNERS NRW.BANK (National, 2012)
  • REGIONAL WINNERS KfW (Global, 2012)
2011:
  • OVERALL SAFEST KfW (National, 2011)
  • OVERALL SAFEST Landwirtschaftliche Rentenbank (Global, 2011)
  • OVERALL SAFEST Landeskreditbank Baden- Wuerttemberg- Foerderbank (National, 2011)
  • OVERALL SAFEST NRW. Bank (Western Europe, 2011)
  • OVERALL SAFEST Deutsche Bank (Western Europe, 2011)
  • OVERALL SAFEST Landesbank Baden-Wuerttemberg (Western Europe, 2011)
  • REGIONAL WINNERS KfW (Western Europe, 2011)
  • REGIONAL WINNERS Landwirtschaftliche Rentenbank (National, 2011)
  • REGIONAL WINNERS Landeskreditbank Baden- Wuerttemberg- Foerderbank (National, 2011)
  • REGIONAL WINNERS NRW. Bank (National, 2011)
2010:
  • OVERALL SAFEST KfW (Global, 2010)
  • OVERALL SAFEST Landwirtschaftliche Rentenbank (Global, 2010)
  • OVERALL SAFEST Landeskreditbank Baden-Wuerttemberg - Foerderbank (Global, 2010)
  • OVERALL SAFEST NRW. Bank (Western Europe, 2010)
  • OVERALL SAFEST Deutsche Bank (Western Europe, 2010)
  • OVERALL SAFEST Landesbank Baden-Wuerttemberg (Western Europe, 2010)
  • REGIONAL WINNERS KfW (Western Europe, 2010)
  • REGIONAL WINNERS Landwirtschaftliche Rentenbank (Global, 2010)
  • REGIONAL WINNERS Landeskreditbank Baden- Wuerttemberg - Foerderbank (Global, 2010)
  • REGIONAL WINNERS NRW. Bank (National, 2010)
2009:
  • OVERALL SAFEST KfW (Western Europe, 2009)
  • OVERALL SAFEST Landwirtschaftliche Rentenbank (Western Europe, 2009)
  • OVERALL SAFEST Landeskreditbank Baden-Wuerttemberg-Foerderbank (Western Europe, 2009)
  • OVERALL SAFEST NRW. Bank (Western Europe, 2009)
  • OVERALL SAFEST Deutsche Bank AG (Western Europe, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Deutsche Bank (Global, 2012)
2011:
  • COUNTRY WINNERS Deutsche Bank (Global, 2011)
2010:
  • COUNTRY WINNERS Deutsche Bank (Western Europe, 2010)
2009:
  • COUNTRY WINNERS Deutsche Bank (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • DEALS OF THE YEAR / Global Bookrunners Deutsche Bank (Global, 2013)
  • DEALS OF THE YEAR / Advising Acquirer Deutsche Bank (Global, 2013)
  • REGIONAL WINNERS/Best Investment Bank Deutsche Bank (Western Europe, 2013)
  • REGIONAL WINNERS/Best Debt Bank Deutsche Bank (Western Europe, 2013)
  • REGIONAL WINNERS/Best M&A Bank Deutsche Bank (Nordic, 2013)
  • REGIONAL WINNERS/Best M&A Bank Deutsche Bank (Central & Eastern Europe, 2013)
  • COUNTRY WINNERS Deutsche Bank (National, 2013)
2012:
  • COUNTRY WINNERS Deutsche Bank (National, 2012)
2011:
  • Best Debt Bank Deutsche Bank (Western Europe, 2011)
  • DEALS OF THE YEAR / Best Debt Deal Merck bond ($4.4 Billion) (Western Europe, 2011)
  • DEALS OF THE YEAR / Lead Managers Commerzbank (Western Europe, 2011)
  • COUNTRY WINNERS Deutsche Bank (National, 2011)
2010:
  • Best Investment Bank Deutsche Bank (Global, 2010)
  • Best Debt Bank Deutsche Bank (Global, 2010)
  • COUNTRY WINNERS Deutsche Bank (National, 2010)
2009:
  • Best Debt Bank Deutsche Bank (Western Europe, 2009)
  • COUNTRY WINNERS Deutsche Bank (National, 2009)

CENTRAL BANKER REPORT CARD

2010:

WORLD'S BIGGEST BANKS

2012:
  • OVERALL BIGGEST Deutsche Bank (Global, 2012)
  • OVERALL BIGGEST Commerzbank AG (Global, 2012)
  • OVERALL BIGGEST KfW (National, 2012)
  • OVERALL BIGGEST DZ Bank (National, 2012)
  • OVERALL BIGGEST Landesbank Baden-Württemberg (National, 2012)
2011:
  • OVERALL BIGGEST Deutsche Bank (National, 2011)
  • OVERALL BIGGEST Commerzbank (National, 2011)
  • OVERALL BIGGEST KfW (National, 2011)
  • OVERALL BIGGEST DZ Bank (National, 2011)
  • OVERALL BIGGEST Landesbank Baden-Württemberg (LBBW) (National, 2011)
2010:
  • OVERALL BIGGEST Deutsche Bank (Western Europe, 2010)
  • OVERALL BIGGEST Commerzbank (Western Europe, 2010)
  • OVERALL BIGGEST Landesbank Baden-Wuerttemberg (Western Europe, 2010)
  • OVERALL BIGGEST KfW (Western Europe, 2010)
  • OVERALL BIGGEST DZ Bank (Global, 2010)
  • OVERALL BIGGEST Hypo Real Estate Holding (National, 2010)
  • OVERALL BIGGEST Bayerische Landesbank (National, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • GLOBAL WINNERS Deutsche Bank (National, 2013)
  • REGIONAL WINNERS Deutsche Bank (National, 2013)
  • COUNTRY WINNERS Deutsche Bank (Europe, 2013)
2012:
  • GLOBAL WINNERS Deutsche Bank (EUROPE, 2012)
  • COUNTRY WINNERS Deutsche Bank (CENTRAL/EASTERN EUROPE, 2012)
  • FOREIGN EXCHANGE RESEARCH & ANALYSIS / Best Strategy / Hedging Deutsche Bank (CENTRAL/EASTERN EUROPE, 2012)
2011:
  • GLOBAL WINNERS Deutsche Bank (National, 2011)
  • FOREIGN EXCHANGE RESEARCH & ANALYSIS / Best Strategy / Hedging Deutsche Bank (Global, 2011)
  • COUNTRY WINNERS Deutsche Bank (Global, 2011)
  • REGIONAL WINNERS Deutsche Bank (Global, 2011)
2010:
  • REGIONAL WINNERS Deutsche Bank (Global, 2010)
  • GLOBAL WINNER Deutsche Bank (Global, 2010)
  • COUNTRY WINNERS Deutsche Bank (Western Europe, 2010)
  • REGIONAL WINNERS Deutsche Bank (Global, 2010)
2009:
  • GLOBAL WINNER Deutsche Bank (Global, 2009)
  • Global Winner / Best Strategy / Hedging Deutsche Bank (Global, 2009)
  • COUNTRY WINNERS Deutsche Bank (Global, 2009)
  • REGIONAL WINNERS Deutsche Bank (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE