Your partner for success

Chamber of Commerce Country Factsheet Last update: 07.07.2017

Your advisors at the Chamber of Commerce

  • Cindy Tereba
  • Steven Koener
Contact us:

Key Indicators

357,022 km2
80,854,408 (July 2015 est.)
Government type
federal republic
$3.841 trillion (2015 est.)
Growth rate
1.5% (2015 est.)



As Europe's largest economy and second most populous nation (after Russia), Germany is a key member of the continent's economic, political, and defense organizations. European power struggles immersed Germany in two devastating World Wars in the first half of the 20th century and left the country occupied by the victorious Allied powers of the US, UK, France, and the Soviet Union in 1945. With the advent of the Cold War, two German states were formed in 1949: the western Federal Republic of Germany (FRG) and the eastern German Democratic Republic (GDR). The democratic FRG embedded itself in key Western economic and security organizations, the EC, which became the EU, and NATO, while the communist GDR was on the front line of the Soviet-led Warsaw Pact. The decline of the USSR and the end of the Cold War allowed for German unification in 1990. Since then, Germany has expended considerable funds to bring Eastern productivity and wages up to Western standards. In January 1999, Germany and 10 other EU countries introduced a common European exchange currency, the euro.

Source: The CIA World Factbook - Germany


Macroeconomic indicators

Economic growth is projected to remain solid, as a robust labour market and low oil prices underpin private consumption, while low interest rates and the housing needs of refugees boost residential investment. Business investment will strengthen somewhat, as capacity utilisation and employment rise. Demand for German exports in emerging market economies and euro area countries are expected to recover gradually. The refugees will gradually join the labour force. Robust domestic demand growth will reduce the current account surplus, which will nevertheless remain very large.

The budgetary stance is mildly expansionary, which is appropriate as spending room is available to improve the integration of immigrants and to strengthen active labour market policies for those who have difficulties finding work. In addition, gaps remain in the provision of early childhood education and care, full-day primary schooling and transport infrastructure. The education system should provide more support for youth with a weak socio-economic background. These measures would boost the inclusiveness of the ongoing economic expansion, and are an investment to raise growth in the future.

Productivity has grown little in recent years and is relatively low in services. Accelerating refugees’ access to the labour market and further raising their skills would expand output, reduce dependence on public support and include refugees more rapidly in society. Reducing the high taxes on second earners would remove barriers for women to work full-time, improving access to more productive jobs and careers. Reforms to remove barriers to entry and competition in professional services and network industries would strengthen productivity and investment and could reduce the current account surplus.

Source: OECD - Economic Forecast

IMF Statistics:

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
Gross domestic product, current prices
U.S. dollars (Billions)
Gross domestic product per capita, current prices
U.S. dollars (Units)
Inflation, average consumer prices
Percent change
Volume of imports of goods and services
Percent change
Volume of exports of goods and services
Percent change
Unemployment rate
Percent of total labor force
Current account balance
U.S. dollars (Billions)
Current account balance
Percent of GDP
Colored cells are estimates

Source: IMF Statistics - Germany


Luxembourg and the country

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 23.08.1958 (Memorial 1959, p. 1075)
  • Effective as of 06.06.1960 (Memorial 1960, p. 806)
  • Additional Protocol from 15.06.1973 (Memorial 1978, A, p.
    992 )
  • Effective as of 11.25.1978 (Memorial 1978, A, p.
  • Protocol of Amendment, 11.12.2009
  • Act from 31.3.2010 (Memorial 2010, A, no. 51, p. 830 and
  • Effective as of 23.12.2010 (Memorial 2010, A., No. 12,
    p. 86)

Annuler les modificationsAir Services agreement

  • Agreement from 07.05.1961 (Memorial 1965, A, p. 294 )
  • Effective as of 06.25.1965 (Memorial 1965, A, p. 603)

Source: Administration des contributions directes


Further information

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in Germany

Embassy of the Grand Duchy of Luxembourg in Germany


Mr. Georges SANTER
Klingelhöferstrasse 7
D - 10785 Berlin

Tel: +49 30 26 39 570
Fax: +49 30 26 39 5727
Email: berlin.amb(at)

Economic and Commercial Attachée:

Ms. Cindy TEREBA

Tel: +49 30 26 39 5726
Fax: +49 30 26 39 5727
Email: cindy.tereba(at)

Honorary Consuls

Honorary Consul with jurisdiction over Hesse and Rhineland-Palatinate except Regierungsbezirke Koblenz and Trier

Dr. Fritz BECKER
Harald Quandt Haus

Am Zollstock 12
D-61352 Bad Homburg

Tel: +49 6172 402880
Fax: +49 6172 402889

Honorary Consul with jurisdiction over Bremen: 

Mr. Hans-Jürgen BLÖCKER

Carl-Benz-Strasse, 30
D-28237 Bremen

Tel: +49 421 6484484
Fax: +49 421 6482900

Honorary Consul with jurisdiction over Saxony and Thuringia:

Prof. Dr. Heribert HECKSCHEN

Hohe Strasse 12
D-01069 Dresden

Tel: +49 351 47 00 916
Fax: +49 351 47 00 917

Honorary Consul with jurisdiction over Rhine-Westphalia

Prof. Dr. Siegfried H. ELSING

Heinrich-Heine Allee 12
D-40213 Dusseldorf

Tel: +49 211-367 87 - 120
Fax: +49 211-367 87 - 525

Honorary Consul with jurisdiction over Hamburg, Mecklenburg-Vorpommern
and Schleswig-Holstein:

Mr. Hermann EBEL

An der Alster 9
D-20099 Hamburg

Tel: + 49 40 30 95 91-80
Fax: +49 40 30 95 91-11

Honorary Consul with jurisdiction over Lower Saxony and Saxony-Anhalt:


An der Börse 7
D-30159 Hannover

Tel: + 49 511 64 91 75
Fax: +49 511 30 12 205

Honorary Consul with jurisdiction over Bavaria:

Mr. Wolfgang ELSÄßER

Beta-Strasse 10B
D-85774 Unterföhring

Tel:+49 89 18 96 24 01
Fax: +49 89 18 96 24 02

Honorary Consul with jurisdiction over the districts Trier and Koblenz in Rhineland Palatinate:

Mr. Klaus JENSEN

Herzogenbuscher Strasse 12
D-54292 Trier

Tel: + 49 651 97 77 900
Fax: + +49 651 97 77 105

Honorary Consul with jurisdiction over Saarland:

Mr. Prof. Dipl. Kfm. Leo PETRY

Am Halberg 4
D-66121 Saarbrücken 

Tel: +49 681 95 43 73 83
Fax: +49 681 95 43 73 95

Honorary Consul with jurisdiction over the Baden-Württemberg:

Mr. Dr. Peter LINDER

Königstraße 28 (Im Köngisbau)
70173 Stuttgart

Tel: + 49 711 22 96 59 512
Fax: +49 711 229 65 95 15


Source: Ministry of Foreign Affairs of Luxembourg  

Country risk as defined by Office du Ducroire for Germany

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link:  Ducroire Office - Country Risk for Germany

Other Useful Links:


The Chamber of Commerce and the country

Upcoming events

Past events