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Germany Business Report

General information
Source: The World Factbook - Central Intelligence Agency
80,594,017 (July 2017 est.)
$4.15 trillion (2017 est.)

Largest economy in Europe

GDP growth rate
2.1% (2017 est.)

The highest level in 5 years

GDP (PPP) per capita
$50,200 (2017 est.)

Very high, even if regional differences between the rich South/West and the poorer East still exist

Local currency
Euro (EUR)

Second most important currency in the world after the USD

Financial stability (Public debt)
65.7% of GDP (2017 est.)

Medium to low, it should strengthen even further since the government is running a budget surplus

1.6% (2017 est.)

Low but on an upward trend (0.4% in 2016)


English is spoken especially in urban areas

Corruption perception index (Source: Transparency International)

Low level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018

The sale of goods and the provision of services is subject to VAT under the common system of the European Union at 19% (7% on certain items, such as food and books)
Corporate Tax

Germany levies both Corporation tax and Trade tax (on similar tax bases) Corporation tax: 15.825% Trade tax: 12.6% to 19.25% depending on the municipality where the business is located The total rate is between 30% and 33% in the main cities

Duties apply to goods imported in the EU; most EU candidate countries or countries with an agreement with the EU are exempt Rates of 0% to 10% apply to manufactured products from other countries (higher rates may apply if the country is deemed to practice dumping)

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We have a strong position in Europe B2B and Europe trade, especially European Union trade. If you are interested in doing business in Germany, or in finding German manufacturing companies, we can help you.

Thousands of companies in Germany and German SMEs use Globartis for their operations. Join our network today and find the right partner for your Germany business.

Connect with a German manufacturer or Germany importer, or source among Germany export to find the right product. Join now and grow your business in Podgorica, one of the best cities for European business.