43 datasets found
  1. Average annual wages in Germany 1991-2023

    • statista.com
    Updated Dec 6, 2024
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    Statista (2024). Average annual wages in Germany 1991-2023 [Dataset]. https://www.statista.com/statistics/416207/average-annual-wages-germany-y-on-y-in-euros/
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    Dataset updated
    Dec 6, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    As of 2023, the average annual wage of Germany was 48,301 euros per year, a growth of almost 6,000 Euros when compared with 2000. From 2000 until 2007, wages rose by less than a thousand euros, with wage growth accelerating mainly in the period after 2010. Comparisons with rest of the EU Within the European Union Luxembourg had an average annual salary of almost 80 thousand Euros, with Germany having an annual salary comparable to other large European Countries, such as the United Kingdom and France. In neighboring Poland, the average annual salary was just over 39 thousand U.S dollars, meaning that German’s earned, on average, 20 percent more than what their Polish counterparts did. German economy slowing in 2023 While Germany initially had one of the strongest recoveries from the 2008 financial crash and as of 2020 had the largest economy in Europe its economy has started to slow in recent years. For 2023 the German economy is contracted by 0.26 percent, and while 2024 marked a slight improvement, the expectations are that 2025 remains a year of slow growth.

  2. Average annual net wage/salary per employee in Germany 1991-2024

    • statista.com
    Updated May 7, 2025
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    Statista (2025). Average annual net wage/salary per employee in Germany 1991-2024 [Dataset]. https://www.statista.com/statistics/1558815/net-annual-salary-wage-per-employee-germany/
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    Dataset updated
    May 7, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    The average net annual salary per employee in Germany amounted to around 32,367 euros in 2024. Around 7,500 German households had a monthly net income of 5,000 euros or more that year.

  3. k

    Average Salary in Germany 2025

    • kummuni.com
    html
    Updated Apr 30, 2025
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    KUMMUNI (2025). Average Salary in Germany 2025 [Dataset]. https://kummuni.com/whats-the-average-salary-in-germany
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    htmlAvailable download formats
    Dataset updated
    Apr 30, 2025
    Dataset authored and provided by
    KUMMUNI
    License

    https://kummuni.com/terms/https://kummuni.com/terms/

    Area covered
    Germany
    Variables measured
    Minimum wage, Median salary, Average net salary, Average gross salary (with bonuses), Average gross salary (without bonuses)
    Description

    A structured overview of the average, net, median, and minimum wage in Germany for 2025. This dataset combines original market research conducted by KUMMUNI GmbH with publicly available data from the German Federal Statistical Office. It includes values with and without bonuses, hourly minimum wage, and take-home pay after tax.

  4. Average annual gross wage/salary per employee in Germany 1991-2024

    • statista.com
    Updated Mar 6, 2025
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    Statista (2025). Average annual gross wage/salary per employee in Germany 1991-2024 [Dataset]. https://www.statista.com/statistics/1558806/gross-annual-salary-wage-per-employee-germany/
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    Dataset updated
    Mar 6, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    The average gross annual salary per employee in Germany amounted to 46,346 euros in 2024. Average gross starting salaries for German university graduates varied depending on the degree.

  5. s

    Germany Salary Data 2025

    • salaryaftertaxcalculator.com
    Updated Apr 15, 2024
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    (2024). Germany Salary Data 2025 [Dataset]. https://www.salaryaftertaxcalculator.com/germany
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    Dataset updated
    Apr 15, 2024
    Time period covered
    2025
    Area covered
    Stuttgart, Hamburg, Berlin, Munich, Frankfurt, Germany
    Variables measured
    Net Salary, Gross Salary, Regional Variations
    Description

    The latest data indicates that the average yearly salary in Germany is approximately EUR 48,000. This figure can vary significantly based on factors such as job role, experience level, and the specific industry of employment. The median monthly gross salary in Germany is estimated to be EUR 4,000, with variations depending on the region.

  6. Average gross annual salaries in Germany 2024, by educational background

    • statista.com
    Updated Mar 6, 2025
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    Statista (2025). Average gross annual salaries in Germany 2024, by educational background [Dataset]. https://www.statista.com/statistics/1561005/gross-annual-salaries-education-background-germany/
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    Dataset updated
    Mar 6, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2022 - Nov 2024
    Area covered
    Germany
    Description

    Full-time employees with an academic background earned an average annual salary of around 60,500 euros gross in Germany as of 2024. For university graduates, starting salaries varied depending on the field of study.

  7. T

    Germany Average Gross Monthly Earnings

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 29, 2024
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    TRADING ECONOMICS (2024). Germany Average Gross Monthly Earnings [Dataset]. https://tradingeconomics.com/germany/wages
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    xml, csv, json, excelAvailable download formats
    Dataset updated
    Sep 29, 2024
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1991 - Dec 31, 2023
    Area covered
    Germany
    Description

    Wages in Germany increased to 4479 EUR/Month in 2023 from 4244 EUR/Month in 2022. This dataset provides the latest reported value for - Germany Average Gross Monthly Earnings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  8. Average first-team player pay per year of Bayern Munich in Germany 2015-2020...

    • statista.com
    Updated Dec 9, 2022
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    Statista (2022). Average first-team player pay per year of Bayern Munich in Germany 2015-2020 [Dataset]. https://www.statista.com/statistics/939240/average-annual-first-team-player-salary-bayern-munich-football-germany/
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    Dataset updated
    Dec 9, 2022
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    FC Bayern Munich is the most successful football club in the German Bundesliga, the top tier football league in Germany. Munich pays the highest first-team salary to its players out of all Bundesliga clubs with the average increasing every season. During the 2019/20 season the average was 6.5 million euros per first-team player. Bayerns financial situation The revenue of Bayern Munich more than tripled since 2006, reaching 657.4 million euros in 2018. The highest source of income are commercials, followerd by broadcasting and match-day income. During financial year 2017/18, Munich generated a profit of 29.5 million euros. The midpoint enterprise value of the club was 2.7 billion euros in 2019. Fandom As of November 2018, football club Bayern Munich had a total of 291 thousand members, twice as many as a decade before. At the same time, there were 4,433 official FC Bayern Munich fan clubs, consisting of approximately 350.92 fan club members.

  9. Germany Monthly Earnings

    • ceicdata.com
    • dr.ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Germany Monthly Earnings [Dataset]. https://www.ceicdata.com/en/indicator/germany/monthly-earnings
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2022 - Dec 1, 2024
    Area covered
    Germany
    Description

    Key information about Germany Monthly Earnings

    • Germany Monthly Earnings stood at 5,369 USD in Dec 2024, compared with the previous figure of 5,026 USD in Sep 2024
    • Germany Monthly Earnings data is updated quarterly, available from Mar 1991 to Dec 2024, with an average number of 3,739 USD
    • The data reached the an all-time high of 5,369 USD in Dec 2024 and a record low of 2,213 USD in Jun 1991

    CEIC calculates quarterly Monthly Earnings from quarterly Compensation per Employee divided by 3 and converts it into USD. Statistisches Bundesamt provides Compensation per Employee in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Monthly Earnings include wages and salaries and the employers' actual and imputed social contributions.


    Further information about Germany Monthly Earnings

    • In the latest reports, Germany Population reached 85 million people in Dec 2023
    • Unemployment Rate of Germany remained the same at 3 % in Dec 2024
    • The country's Labour Force Participation Rate increased to 56 % in Jun 2024

  10. Average gross starting salary for university graduates in Germany 2023

    • statista.com
    Updated Jul 3, 2025
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    Statista (2025). Average gross starting salary for university graduates in Germany 2023 [Dataset]. https://www.statista.com/statistics/584759/average-gross-starting-salary-university-graduates-germany/
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    Dataset updated
    Jul 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2022
    Area covered
    Germany
    Description

    German law graduates holding a doctorate degree can currently expect the ******* average gross starting salary in the country when they enter the job market. Other degrees with good earning prospects include medicine, computer science (also with a doctorate degree), and industrial engineering. In comparison, those who studied graphics/design, humanities and social sciences are at the ****** of the starting salary food chain. Law courses among most attended Law, economics and social sciences were the subject groups seeing the ******* student numbers in German universities, totaling over *** million in 2023/2024. Engineering and mathematics rounded up the top three. German universities offer a variety of internationally recognized degrees, the Bachelor being the most frequently taken type of final exam. Slow yearly salary increase Among selected countries in the European Union, Germany ranks ***** in terms of average annual wages. All the same, when studying the change in average annual pay specifically in Germany during the last decade, a slow, but steady increase is visible year after year, until the coronavirus (COVID-19) pandemic hit in 2020. Since then, the average wage has been decreasing and in 2023 was around the same level as in 2017.

  11. T

    Germany Real Wage Growth YoY

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Germany Real Wage Growth YoY [Dataset]. https://tradingeconomics.com/germany/wage-growth
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    xml, csv, json, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 31, 1992 - Mar 31, 2025
    Area covered
    Germany
    Description

    Wages in Germany increased 1.20 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  12. Average annual salaries in largest economies in Europe 1991-2023

    • statista.com
    • ai-chatbox.pro
    Updated Mar 11, 2025
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    Statista (2025). Average annual salaries in largest economies in Europe 1991-2023 [Dataset]. https://www.statista.com/statistics/1203069/annual-salary-in-largest-european-countries/
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    Dataset updated
    Mar 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Europe, France, Germany
    Description

    Germany had an average salary of 65.7 thousand U.S dollars per year in 2023, the highest among the five largest European economies. Germany has consistently had the highest wages in Europe over the last thirty years. Many countries in Europe experienced a significant decrease in their average wage level following the global financial crisis of 2008, with France and Germany bucking this trend by retaining robust wage growth. While British wages have stagnated since the crash, only surpassing their 2007 level in 2019, Italian and Spanish wages have in fact fallen, driven by the macroeconomic troubles of these countries since the Eurozone crisis.

  13. d

    Selected time series of studies on wage- and salary development and on the...

    • da-ra.de
    Updated 2005
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    Walther G. Hoffmann; Rüdiger Hohls; Toni Pierenkemper (2005). Selected time series of studies on wage- and salary development and on the development of national income in Germany from 1850 to 1985 [Dataset]. http://doi.org/10.4232/1.8177
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    Dataset updated
    2005
    Dataset provided by
    GESIS Data Archive
    da|ra
    Authors
    Walther G. Hoffmann; Rüdiger Hohls; Toni Pierenkemper
    Time period covered
    1850 - 1985
    Area covered
    Germany
    Description

    The Data-compilation is a selection of time-series on wage- and salary development as well as on the development of the national income in Germany from 1850 to 1985. The following studies has been included: - Walther G. Hoffmann (1965): Das Wachstum der deutschen Wirtschaft seit der Mitte des 19. Jahrhunderts.- Rüdiger Hohls (1991): Arbeit und Verdienst. Entwicklung und Struktur der Arbeitseinkommen im Deutschen Reich und in der Bundesrepublik.- Pierenkemper, Toni (1987): Arbeitsmarkt und Angestellte im deutschen Kaiserreich 1880-1913. Interessen und Strategien als Elemente der Integration eines segmentierten Arbeitsmarktes.- Wiegand, Erich/Zapf, Wolfgang (1982): Wandel der Lebensbedingungen in Deutschland. Wohlfahrtsentwicklung seit der Industrialisierung. Tables in ZA-Online-Database HISTAT: A. Hoffmann, Walther G.: The Growth of the German Economy since the mid of the 19th centuryA.1 The average earned income per annum by industrial sector (1850-1959)A.2 The average earned income per annum in mining and saline (1850-1959)A.3 The average earned income per annum in industry and craft (1850-1959)A.4 The average earned income per annum in transport (1850-1959)A.5 The average earned income per annum in other services (1850-1959)A.6 Net national product (NNP) in factor costs in current prices and national income per capita according to Hoffmann (1850-1959)A.7 Gross value added and real national income per capita in prices of 1913 according to Hoffmann (1850-1959)A.8 The development of average earned income of employees in industry and craft, Index 1913 = 100 (1850-1959) B. Hohls, Rüdiger: The Sectoral Structure of Earnings in GermanyB.1 Nominal annual earnings of employees by industrial sector in Germany in Mark, 1885-1985B.2 Nominal earnings of white collar workers and blue collar workers in Germany, 1890-1940 C. Living costs, prices and earnings, consumer price indexC.1 Development of living costs (index) of medium employees’ households (1924-1978)C.2 Preices and earnings, index 1962 = 100 (1820-2001)C.3 Living costs, consumer price index (1820-2001) D. Pierenkemper, Toni: Employment market and employees in the German ‘Reich’ 1880-1913.D.1 Income of selected white collar categories in Mark (1880-1913)D.2 Real income of selected white collar categories (1880-1913) E. Wiegand, E.: Historical Development of Wages and Living Costs in Germany.E.1 Development of real gross income of blue collar workers in industry, index 1970 = 100 (1925-1978)E.2 Development of real gross income of blue collar workers in industry (1925-1978)E.3 Development of nominal and real national income per capita (1950-1978) E.4 Development of nominal and real national income per capita (1925-1939)E.5 National income: monthly income from dependent personal services per employee (1925-1971)E.6 Overlook: Development of wages, employed workers and gross income from dependent personal services in Germany (1810-1989)

  14. Average gross annual earnings in Germany 2024, by gender and sector

    • statista.com
    Updated May 19, 2025
    + more versions
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    Statista (2025). Average gross annual earnings in Germany 2024, by gender and sector [Dataset]. https://www.statista.com/statistics/1560889/gross-annual-earnings-gender-sector-germany/
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    Dataset updated
    May 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2024
    Area covered
    Germany
    Description

    Employees in the financial and insurance services sector earned the most in gross annual earnings as of 2024. Men earned an average of roughly ******* euros a year, while women earned around ****** euros. In all the sectors listed, male employees earned more. The difference was smallest in the transport and storage sector.

  15. Specialist Medical Practices in Germany - Market Research Report (2015-2030)...

    • ibisworld.com
    Updated Dec 15, 2024
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    IBISWorld (2024). Specialist Medical Practices in Germany - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/germany/industry/specialist-medical-practices/983/
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    Dataset updated
    Dec 15, 2024
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2014 - 2029
    Area covered
    Germany
    Description

    The range of services offered by specialist practices for certain illnesses, injuries or preventative measures is essential for healthcare and is benefiting from the ageing population and rising patient numbers. Sector revenues have risen by an average of 10.3% per year over the past five years. The capped budgeting of services and the cost increases in energy, rents and wages, which have not been adequately refinanced, have put increasing pressure on the earnings situation of industry players in recent years. Specialist practices in energy-intensive areas such as radiology or neurology have been particularly hard hit by rising energy prices.In addition to various cost increases, structural problems such as a worsening shortage of skilled labour and excessive bureaucracy are putting a strain on outpatient care structures. An increasing number of requirements, documentation obligations and checks are taking up time and increasingly restricting the time and localisation of patient care. There is a threat of long waiting times for specialist appointments, an ongoing freeze on the admission of new patients and further service cuts for patients in specialist practices. This development in turn puts a damper on revenue growth.The orientation value negotiated by the National Association of Statutory Health Insurance Physicians and the National Association of Statutory Health Insurance Funds for 2024 is to be increased by 3.85%, meaning that specialists will receive more money for the same amount of services. However, this increase is unlikely to fully cover the cost increases for rent, energy and practice requirements. In 2024, the salaries of medical assistants alone have risen by 7.4% across all pay scale groups.In 2025, turnover in the sector is expected to amount to 47.1 billion euros. This corresponds to a decline in turnover of 0.6% compared to the previous year. Rising operating expenses, cost increases due to innovations and the growing need for medical care due to an increasing number of patients are leading to a continuous rise in financial expenditure and putting pressure on the profitability of many practices. A further increase in remuneration rates is expected accordingly.IBISWorld expects industry turnover to increase at an average annual rate of 1.5% over the next five years and reach 50.6 billion euros in 2030. The increasing level of digitalisation and rising investment in new medical technology equipment should lead to more efficient practice processes. Against the backdrop of a shortage of skilled labour, however, the supply bottleneck is likely to worsen in the coming years and place an additional burden on the workforce. In all likelihood, waiting times for specialist appointments will continue to rise as a result and fewer new customers will be able to be accepted.

  16. Other Healthcare Activities in Germany - Market Research Report (2015-2030)

    • ibisworld.com
    Updated Dec 27, 2024
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    IBISWorld (2024). Other Healthcare Activities in Germany - Market Research Report (2015-2030) [Dataset]. https://www.ibisworld.com/germany/industry/other-healthcare-activities/1529/
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    Dataset updated
    Dec 27, 2024
    Dataset authored and provided by
    IBISWorld
    License

    https://www.ibisworld.com/about/termsofuse/https://www.ibisworld.com/about/termsofuse/

    Time period covered
    2014 - 2029
    Area covered
    Germany
    Description

    On average, the industry recorded an annual increase in turnover of 17.7% between 2020 and 2025. In January 2023, the list of diagnoses was expanded, meaning that long-term prescriptions can now be issued for more illnesses. This had a positive impact on service utilisation and sales. Prices for physiotherapy and physiotherapy treatments also increased. However, these increases in turnover were almost completely eaten up by inflation: The increases in remuneration were not enough to offset the inflationary price pressure.In light of the cost increases in 2023 and 2024, the physiotherapy associations and the National Association of Statutory Health Insurance Funds have agreed on an increase in physiotherapy service remuneration of 6.4% (8.5%), starting in January 2024 (2023). The new state aid regulations are likely to provide an impetus for growth. Since November 2024, remedies in the field of physiotherapy have been reimbursable as part of a blank prescription, while occupational therapy has been reimbursable since August. This means that practices can invoice their services directly to the health insurance companies and do not require a new medical prescription. This new room for manoeuvre should have a positive impact on sales development.In 2025, the sector is expected to generate turnover of €40.9 billion, which corresponds to growth of 0.9% compared to the previous year. From 2025, German companies must be able to receive electronic invoices. However, the mandatory use does not apply to tax-free services, such as medical services, small amounts and invoices to private patients.The industry will benefit from the rising demand for healthcare services in the coming years. Due to the ageing population and the increased willingness of patients to make more co-payments for healthcare services, annual revenue growth of 2.1% on average is expected in the period from 2025 to 2030 and industry revenue of 45.3 billion euros in 2030. One challenge is the shortage of skilled labour, which is jeopardising medical care for the growing number of patients. The high bureaucratic administrative burden ties up staff and further exacerbates this problem. Digitalisation and telematics infrastructure are having an increasing impact on the development of the healthcare professions and will contribute to improving healthcare. At the same time, the implementation of digital processes can relieve the burden on staff and better counter the shortage of skilled labour. The challenges will lie in information and data security.

  17. Annual salary of software engineers (IV) in the ICT industry in Germany...

    • statista.com
    Updated Jul 8, 2025
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    Statista (2025). Annual salary of software engineers (IV) in the ICT industry in Germany 2011-2016 [Dataset]. https://www.statista.com/statistics/489231/annual-salary-of-software-engineers-iv-germany/
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    Dataset updated
    Jul 8, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    This statistic shows data on the average annual salary of (level IV) software engineers in the information and communications technology (ICT) industry in Germany from 2011 to 2016. In 2016, a level IV software engineer in Germany earned an average of ****** euros per year.

  18. Year-on-year change in gross wages and salaries in Germany 1992-2024

    • statista.com
    Updated Mar 6, 2025
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    Statista (2025). Year-on-year change in gross wages and salaries in Germany 1992-2024 [Dataset]. https://www.statista.com/statistics/1560484/gross-wages-salaries-development-germany/
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    Dataset updated
    Mar 6, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    German gross wages and salaries increased by around 5.7 percent in 2024, which was less growth than the year before. That same year, the average annual gross wage/ salary per employee amounted to 46,346 euros.

  19. Average first-team player pay per year of Borussia Dortmund in Germany...

    • statista.com
    Updated Jul 9, 2025
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    Statista (2025). Average first-team player pay per year of Borussia Dortmund in Germany 2015-2020 [Dataset]. https://www.statista.com/statistics/939266/average-annual-first-team-player-salary-borussia-dortmund-football-germany/
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    Dataset updated
    Jul 9, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    The statistic depicts the average annual first-team player salary of Borussia Dortmund in the Bundesliga in Germany from season 2014/15 to 2019/20. In 2019/20, the average annual pay of first-team players in the Borussia Dortmund football club in the Bundesliga was approximately **** million British pounds.

  20. Average first-team player pay per year of Augsburg Germany 2015-2020

    • statista.com
    Updated Jul 11, 2025
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    Statista (2025). Average first-team player pay per year of Augsburg Germany 2015-2020 [Dataset]. https://www.statista.com/statistics/939414/average-annual-first-team-player-salary-augsburg-football-germany/
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    Dataset updated
    Jul 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    The statistic depicts the average annual first-team player salary of Augsburg in the Bundesliga in Germany from season 2014/15 to 2019/20. In 2019/20, the average annual pay of first-team players in the Augsburg football club in the Bundesliga was approximately **** million British pounds.

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Statista (2024). Average annual wages in Germany 1991-2023 [Dataset]. https://www.statista.com/statistics/416207/average-annual-wages-germany-y-on-y-in-euros/
Organization logo

Average annual wages in Germany 1991-2023

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7 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Dec 6, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
Germany
Description

As of 2023, the average annual wage of Germany was 48,301 euros per year, a growth of almost 6,000 Euros when compared with 2000. From 2000 until 2007, wages rose by less than a thousand euros, with wage growth accelerating mainly in the period after 2010. Comparisons with rest of the EU Within the European Union Luxembourg had an average annual salary of almost 80 thousand Euros, with Germany having an annual salary comparable to other large European Countries, such as the United Kingdom and France. In neighboring Poland, the average annual salary was just over 39 thousand U.S dollars, meaning that German’s earned, on average, 20 percent more than what their Polish counterparts did. German economy slowing in 2023 While Germany initially had one of the strongest recoveries from the 2008 financial crash and as of 2020 had the largest economy in Europe its economy has started to slow in recent years. For 2023 the German economy is contracted by 0.26 percent, and while 2024 marked a slight improvement, the expectations are that 2025 remains a year of slow growth.

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