With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 5.7 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.1 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The European Union is comprised of 27 member states who share the European Single Market, a common trade area which ensures the free movement of goods, services, capital, and people. As of 2024, the largest economies in the EU were Germany, France, Italy, Spain, and the Netherlands, with these countries making up the vast majority of the EU's almost 17 trillion Euro GDP. The relatively small island member states of Cyprus and Malta come in at the bottom of the list, with GDPs of around 23 and 33 billion Euros respectively.

This ranking displays the results of the worldwide Made-In-Country Index 2017, a survey conducted to show how positively products "made in..." are perceived in various countries all over the world. During this survey, 77 percent of respondents from Germany perceived products made in Switzerland as "slightly positive" or "very positive". The survey indicates that Swiss products have the strongest reputation in Germany, followed by EU products.

Throughout the Second World War, the United States consistently had the largest gross domestic product (GDP) in the world. Additionally, U.S. GDP grew significantly throughout the war, whereas the economies of Europe and Japan saw relatively little growth, and were often in decline. The impact of key events in the war is also reflected in the trends shown here - the economic declines of France and the Soviet Union coincide with the years of German invasion, while the economies of the three Axis countries experienced their largest declines in the final year of the war.

The DACH region in Europe comprises the countries of Germany (D), Austria (A), and Switzerland (CH). In 2024, the gross domestic product (GDP) of all DACH countries amounted to approximately **** trillion U.S. dollars. Just under ** percent of this was from Germany, while ** percent came from Switzerland, and * percent from Austria. In comparison to population distribution across the region, Switzerland's GDP per capita was much higher than the other two countries. Germany’s economy Germany’s economy is the largest in Europe, with the majority of the country’s GDP coming from its service sector. The country’s service sector encompasses tourism, financial services, real estate, and other industries. This reflects Germany’s standing as a central financial and political pillar of the European Union, and its position as a popular tourist destination. Grouping the DACH countries The DACH countries are closely associated both geographically and culturally, primarily through shared use of the German language. The region hosts over 100 million inhabitants, with a life expectancy at birth of around 82 years, ten years more than global life expectancy. The DACH countries enjoy a high standard of living, which is reflected in a large GDP per capita in each country.

The economy of the European Union is set to grow by 1.5 percent in 2025, according to forecasts by the European Commission. This marks a significant slowdown compared to previous years, when the EU member states grew quickly in the aftermath of the COVID pandemic. Malta is the country which is forecasted to grow the most in 2025, with an annual growth rate of 4.3 percent. Many of Europe's largest economies, on the other hand, are set to experiencing slow growth or stagnation, with Germany, France, and Italy growing below two percent.

The statistic depicts France's real gross domestic product (GDP) growth rate from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, France's real GDP grew by about 1.07 percent compared to the previous year. Unemployment in France France has one of the largest economies in the world and is the second largest economy in the European Union, behind Germany, with whom France often partnered in order to support the structure of the European Union. France is also the fourth most populated country in Europe and has maintained slow population growth since the mid 2000s. Despite being not only a European but also a global economic power, France struggled with maintaining a low unemployment rate and experienced a significant increase in unemployment after the 2008 crash, just like many other prominent industrial countries. However, unlike these other nations, unemployment continued to rise well into the 2010s, while the employment situations in neighboring and international countries improved almost every year. The lack of working opportunities is related to the Eurozone crisis that primarily affected southern European countries, such as Spain, Portugal and Italy.

Germany is the country in the European Union which collects the greatest tax revenues each year, with Europe's largest economy collecting almost 1.6 trillion euros in taxes and social security contributions in 2023. France and Italy are the second and third largest tax collectors in terms of revenues in the EU, however, the gap between the two countries had been growing since 2009, as the stagnation of the Italian economy in the past 15 years has limited increases in tax revenues.

Explore the surprising 1% decline in German industrial production in October, signaling ongoing struggles and potential recession in Europe's largest economy.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The introduction of a statutory minimum wage in Germany in 2015 aimed at improving the welfare of low-wage workers but was also accompanied by concerns about distortions in Europe’s largest economy. This paper provides a comprehensive survey of results from the evaluation of the German minimum wage by compiling recent descriptive evidence and a systematic literature review on causal effects through 2020. On 1 October 2022, the minimum wage was raised legislatively by 15 percent to 12 euros per hour, which affected approximately 5.8 million employees and 23 percent of companies. The war in Ukraine and the coronavirus pandemic hit minimum wage workers and minimum wage firms harder than the rest of the economy. The minimum wage thus far had the strongest causal ef-fects directly after its introduction. Hourly wages increased, while working hours decreased, resulting in mixed effects on monthly wages. Overall employment fell slightly, with a decline in marginal employment in particular. Companies’ wage costs increased, and as productivity did not change, profits declined.

The largest number of immigrants in Germany were from Ukraine, as of 2023. The top three origin countries were rounded up by Romania and Turkey. Immigrants are defined as having left a country, which may be their home country, to permanently reside in another. Upon arriving, immigrants do not hold the citizenship of the country they move to. Immigration in the EU All three aforementioned countries are members of the European Union, which means their citizens have freedom of movement between EU member states. In practice, this means that citizens of any EU member country may relocate between them to live and work there. Unrestricted by visas or residence permits, the search for university courses, jobs, retirement options, and places to live seems to be defined by an enormous amount of choice. However, even in this freedom of movement scheme, immigration may be hampered by bureaucratic hurdles or financial challenges. Prosperity with a question mark While Germany continues to be an attractive destination for foreigners both in and outside the European Union, as well as asylum applicants, it remains to be seen how current events might influence these patterns, whether the number of immigrants arriving from certain countries will shift. Europe’s largest economy is suffering. Climbing inflation levels in the last few months, as well as remaining difficulties from the ongoing coronavirus (COVID-19) pandemic are affecting global economic development. Ultimately, future immigrants may face the fact of moving from one struggling economy to another.

The labor participation rate among the total population aged between 15 and 64 in Germany saw no significant changes in 2024 in comparison to the previous year 2023 and remained at around 79.97 percent. Still, the labor participation rate reached its highest value in the observed period in 2024. The labor force participation rate is the share of the population aged 15 and over who are currently employed or actively searching for work. It is calculated by dividing the economically active population aged 15 and over by the total population aged 15 and over.Find more statistics on other topics about Germany with key insights such as youth unemployment rate.

Europe Creator Economy Market valued at US$ 16.24 Bn in 2025, is anticipated to reaching US$ 65.32 Bn by 2032, with a steady annual growth rate of 22.0%.

The European Business Performance database describes the performance of the largest enterprises in the twentieth century. It covers eight countries that together consistently account for above 80 per cent of western European GDP: Great Britain, Germany, France, Belgium, Italy, Spain, Sweden, and Finland. Data have been collected for five benchmark years, namely on the eve of WWI (1913), before the Great Depression (1927), at the extremes of the golden age (1954 and 1972), and in 2000.The database is comprised of two distinct datasets. The Small Sample (625 firms) includes the largest enterprises in each country across all industries (economy-wide). To avoid over-representation of certain countries and sectors, countries contribute a number of firms that is roughly proportionate to the size of the economy: 30 firms from Great Britain, 25 from Germany, 20 from France, 15 from Italy, 10 from Belgium, Spain, and Sweden, and 5 from Finland. By the same token, a cap has been set on the number of financial firms entering the sample, so that they range between up to 6 for Britain and 1 for Finland.The second dataset, or Large Sample (1,167 firms), is made up of the largest firms per industry. Here industries are so selected as to take into account long-term technological developments and the rise of entirely new products and services. Firms have been individually classified using the two-digit ISIC Rev. 3.1 codes, then grouped under a manageable number of industries. To some extent and broadly speaking, the two samples have a rather distinct focus: the Small Sample is biased in favour of sheer bigness, whereas the Large Sample emphasizes industries.As far as size and performance indicators are concerned, total assets has been picked as the main size measure in the first three benchmarks, turnover in 1972 and 2000 (financial intermediaries, though, are ranked by total assets throughout the database). Performance is gauged by means of two financial ratios, namely return on equity and shareholders’ return, i.e. the percentage year-on-year change in share price based on year-end values. In order to smooth out volatility, at each benchmark performance figures have been averaged over three consecutive years (for instance, performance in 1913 reflects average performance in 1911, 1912, and 1913).All figures were collected in national currency and converted to US dollars at current year-average exchange rates.

Across the United States, the United Kingdom, Germany, and the European Union, gross domestic products (GDP) decreased in 2020 as a result of the COVID-19 pandemic. However, by 2021, growth rates were positive in all four areas again. The United Kingdom, Germany, and the European Union all experiencing slow economic growth in 2023 amid high inflation, with Germany even seeing an economic recession. GDP and its components GDP refers to the total market value of all goods and services that are produced within a country per year. It is composed of government spending, consumption, business investments and net exports. It is an important indicator to measure the economic strength of a country. Economists rely on a variety of factors when predicting the future performance of the GDP. Inflation rate is one of the economic indicators providing insight into the future behavior of households, which make up a significant proportion of GDP. Projections are based on the past performance of such information. Future considerations Some factors can be more easily predicted than others. For example, projections of the annual inflation rate of the United States are easy to come by. However, the intensity and impact of something like Brexit is difficult to predict. Moreover, the occurrence and impact of events such as the COVID-19 pandemic and Russia's war in Ukraine is difficult to foresee. Hence, actual GDP growth may be higher or lower than the original estimates.

In 2025, there are forecasted to be around 63 thousand business insolvencies in France, the most of any European country. In Germany, Europe's largest economy, there are expected to be 23 thousand business insolvencies.

In 2023, around 1.93 million people immigrated to Germany. Numbers fluctuated during the time period covered in the graph at hand, peaking in 2015 during the high point of Europe’s refugee crisis. Significantly lower figures in 2020 may be attributed to the first year of the coronavirus (COVID-19) pandemic, and subsequent restrictions implemented by the German government on entering the country, in order to control the spread of the disease. Immigration to Germany “Immigrant” is a term used from the point of view of the receiving country, or the country being migrated to by a person. While reasons for and circumstances leading to an immigrant entering a foreign country may vary, they often include love, include seeking residence, employment, family reunions, or applying for asylum. Various countries are represented among foreigners living in Germany, though currently the leading three by numbers are Turkey, Ukraine, and Syria. Around 5.2 million immigrants living in Germany do not need a residence permit due to having EU citizenship, and therefore being allowed freedom of movement based on EU law. Another 2.64 million immigrants were granted an unlimited permit to stay in Germany. The near future Germany remains a popular choice for immigrants, even in currently challenging economic and political times. Welfare benefits, healthcare, and various support initiatives for those moving to or arriving in the country are on the list of selling points, though in practice, difficulties may be encountered depending on individual situations and laws in different German federal states. While the unemployment rate among foreigners living in Germany had gone up in 2020, it dropped again in the following years, but increased once more in 2023 and 2024 to over 16 percent. The country is Europe’s largest economy, housing many global players in various industries, which continues to attract jobseekers, despite these very industries facing struggles of their own brought on both by the ongoing coronavirus pandemic and geopolitical events in Europe.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.