

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 reunification 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
Economic growth is projected to remain solid, backed by robust world trade, investment and a booming labour market. Consumption growth has slowed somewhat, as higher inflation has curbed real wage growth. Low interest rates, high capacity utilisation and growing housing demand are supporting strong residential and business investment. The current account surplus is projected to fall somewhat on the back of strong domestic demand that fuels imports.
Fiscal policy is mildly expansionary, but strong cyclical revenue growth will keep the budget balance in surplus. Reductions in social security contributions and higher subsidies for families are expected, although their timing remains uncertain. Fiscal space is available to increase spending on education, broadband and low-emission transport infrastructure, all of which would strengthen productivity in the long run. Tax reductions for low-wage and second earners along with higher environmental and real estate taxes would promote greener and more inclusive growth.
Source: OECD - Economic Forecast
IMF Statistics:
| Subject descriptor | 2014 | 2015 | 2016 | 2017 | 2018 |
|---|---|---|---|---|---|
| Gross domestic product, constant prices Percent change | 1.596 | 1.483 | 1.746 | 1.425 | 1.378 |
| Gross domestic product, current prices U.S. dollars (Billions) | 3,885.440 | 3,365.293 | 3,494.898 | 3,618.621 | 3,736.315 |
| Gross domestic product per capita, current prices U.S. dollars (Units) | 47,851.698 | 40,952.417 | 42,326.025 | 43,686.433 | 44,977.860 |
| Inflation, average consumer prices Percent change | 0.791 | 0.142 | 0.399 | 1.539 | 1.664 |
| Volume of imports of goods and services Percent change | 4.045 | 5.467 | 3.438 | 4.247 | 5.346 |
| Volume of exports of goods and services Percent change | 4.084 | 5.161 | 3.103 | 3.217 | 4.283 |
| Unemployment rate Percent of total labor force | 5.008 | 4.633 | 4.287 | 4.498 | 4.611 |
| Current account balance U.S. dollars (Billions) | 282.884 | 284.224 | 301.449 | 291.702 | 287.949 |
| Current account balance Percent of GDP | 7.281 | 8.446 | 8.625 | 8.061 | 7.707 |
Source: IMF Statistics - Germany
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.
Air Services agreement
Source: Administration des contributions directes
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.
Embassy of the Grand Duchy of Luxembourg in Germany
Ambassador: Mr Jean GRAFF
Klingelhöferstrasse 7
D - 10785 Berlin
Tel: +49 30 26 39 570
Fax: +49 30 26 39 5727
Email: berlin.amb(at)mae.etat.lu
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
Tél.: (+49) 6172 402 880
Fax: (+49) 6172 402 889
E-mail: lux-konsulat(at)haraldquandt.de
Honorary Consul with jurisdiction over Bremen:
Mr Hans-Jürgen BLÖCKER
Stahlwerke Bremen
Carl-Benz-Strasse, 30
D-28237 Bremen
Tel: +49 421 6484484
Fax: +49 421 6482900
E-mail: honorarkonsulat.luxemburg@arcelormittal.com
Honorary Consul with jurisdiction over Saxony and Thuringia:
Mr Heribert HECKSCHEN
Hohe Strasse 12
D-01069 Dresden
Tel: +49 351 47 00 916
Fax: +49 351 47 00 917
E-mail: konsulat(at)heckschen-vandeloo.de
Honorary Consul with jurisdiction over Rhine-Westphalia
Mr Siegfried H. ELSING
Heinrich-Heine Allee 12
D-40213 Düsseldorf
Tel: +49 211-367 87 - 120
Fax: +49 211-367 87 - 525
E-mail: honorarkonsul(at)orrick.com
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
E-mail: lux-consulat(at)hansatreuhand.de
Honorary Consul with jurisdiction over Lower Saxony and Saxony-Anhalt:
Mr David LOHMANN
An der Börse 7
D-30159 Hannover
Tel: + 49 511 64 91 75
Fax: +49 511 30 12 205
E-mail: bhaase(at)bankhaus-hallbaum.de
Honorary Consul with jurisdiction over Bavaria:
Mr Wolfgang ELSÄßER
Fischerschlößlstraße 17a
D-82069 Schäftlarn
Tél.: (+49) 817 8909 6040
Fax: (+49) 817 8909 6040
E-mail: luxkonsulat@web.de
Honorary Consul with jurisdiction over the districts Trier and Koblenz in Rhineland Palatinate:
Mr Klaus JENSEN
IHK Trier
Herzogenbuscher Strasse 12
D-54292 Trier
Tél.: (+49) 651 97 77 900
Fax: (+49) 651 97 77 105
E-mail: honorarkonsulat-lux(at)trier.ihk.de
Honorary Consul with jurisdiction over Saarland:
Mr Leo PETRY
Am Halberg 43
D-66121 Saarbrücken
Tél.: (+49) 681 95 43 73 83
Fax: (+49) 681 95 43 73 95
E-mail: honorarkonsul-sarre(at)freenet.de
Honorary Consul with jurisdiction over the Baden-Württemberg:
Mr Wolfgang KUHN
Rotebühlstraße 125
70178 Stuttgart
Tél.: (+49) 711 66 44 10
Fax: (+49) 711 66 44 10
E-mail: honorarkonsul-lux(at)suedwestbank.de
Source: Ministry of Foreign Affairs of Luxembourg
Luxemburg Trade Department in Berlin
Mrs Julie Jacobs
Embassy of the Grand Duchy of Luxembourg in Germany
Klingelhöferstrasse 7
D - 10785 Berlin
Tel: +49 30 26 39 570
Email: julie.jacobs(at)cc.lu
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