ECONOMIC INFORMATION

 

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Population: 82.6m

 

Population growth: 0.07%

Population density (people per sq. km): 237

UN Human Development Index ranking: 19/177

Gross national income (current US$): $2084.6bn (2003)

Gross national income per capita: $25,250

PPP Gross national income: $2,267.3bn

PPP Gross national income per capita: $27,460

GDP growth: -0.1% (2003)

GDP breakdown Agriculture: 1.2%, Industry: 29.6%, Services: 69.2%

Inflation (12-month average): 0.9 (2003)

Gross capital formation as % of GDP: 18.1%

Final consumption expenditure as % of GDP (growth): 78.0% (-0.1%)

Exports of goods & services as % of GDP: 35.5%

Top 3 export markets: France, US, UK

Local industries: Iron, steel, coal, cement, chemicals, machinery,

vehicles, machine tools, electronics, food & beverages, shipbuilding, textiles

WEF Growth Competitiveness ranking * : 13/104

WEF Business Competitiveness ranking **: 3/103

WEF Quality of the Business Environment ranking: 5/103

Transparency International Corruption Perceptions ranking: 15/145

Languages: German (official)

 

 

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FDI INFORMATION

 

Region: Central Europe

No. of projects (Jan-Sep 2004): 455

Market-share of projects in the region: 62.8%

Value of projects relative to GDP : 1.9%

Top 3 destination sectors: IT & software, textiles, auto components

Top 3 business functions: Manufacturing, sales marketing & support, retail

Top 3 source countries: US, UK, Japan

Top 3 investors: Advanced Micro Devices, Mercer International, General Motors

 

 

IPA

 

Name: Invest in Germany

Web address: www.invest-in-germany.com

* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently

** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth

*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations