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Germany Business Report

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

Inflation
1.6% (2017 est.)

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

Language
German

English is spoken especially in urban areas

Corruption perception index (Source: Transparency International)
12/180

Low level of corruption

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

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

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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