Germany

A record economic rebound looms ahead, but mind the restart challenges

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD4223bn (World ranking 4, World Bank 2021)
Population 83.1mn (World ranking 19, World Bank 2021)
Form of state Federal Republic
Head of government Olaf Scholz (Chancellor)
Next elections 2025, federal and legislative 
  • Solid public finances
  • Strong industrial base
  • Low structural unemployment
  • Well-diversified export sector (products and trade partners)
  • Low systemic political risk
  • Aging population
  • Skilled-labor shortage
  • Dependence on exports
  • Dominance of the automobile sector
  • Subdued medium-term growth prospects due to weak investment

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
United States 8.6%
1
11.4% China
China 8.0%
2
7.7% Netherlands
France 7.5%
3
6.7% United States of America
Netherlands 6.4%
4
5.7% Poland
United Kingdom 5.5%
5
5.5% France

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Road vehicles 14.7%
1
10.0% Road vehicles
Electrical machinery, apparatus and appliances, n.e.s. 8.6%
2
8.3% Electrical machinery, apparatus and appliances, n.e.s.
Other industrial machinery and parts 7.5%
3
5.7% Medicinal and pharmaceutical products
Medicinal and pharmaceutical products 7.2%
4
4.2% Other industrial machinery and parts
Specialised machinery 4.3%
5
3.9% Office machines and automatic data processing machines
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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