10 Facts about working in Germany

Updated: Sep 29

  • Germany has a very high level of employment - in 2016, over half of the people aged 15–64 were working (43.3m people) and unemployment was at a record low of 4.2%

  • Small and medium-sized enterprises (SMEs) make up around 52% of Germany’s economic output

  • Germany is the largest economy in the EU, with a gross domestic product (GDP) of 3.73 trillion USD - which is also the 4th highest in the world

  • Germany is focused on sustainability and is a world leader in climate and energy policies – at least a third of Germany is powered by renewable energy. Here at CBS, we are a climate-neutral university. Learn more about sustainability and climate neutrality at CBS

  • The average salary in Germany is €42,000 a year, the 11th highest salary in Europe

  • Germany is home to a large number of ex-pats which has helped the employment rate to consistently rise over the past 12 years

  • ¾ of the German working population is employed in the services sector

  • We’re a very industrious country, but actually, work less than a lot of other countries. In 2017, the average German worked 1,356 hours a year on average in 2017

  • The biggest companies in Germany are Volkswagen, Daimler, Allianz, BMW, and Siemens

  • There are many career possibilities in Germany, the current most in-demand jobs are Information Technology, Banking, Telecommunications, Engineering, Marketing, and Construction

Source: Cologne Business School website: https://www.cbs.de/en/blog/facts-about-germany/

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