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GERMANY
Resilient domestic demand will save the day
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD3846bn (World ranking 4, World Bank 2019) |
Population | 83.1mn (World ranking 16, World Bank 2019) |
Form of state | Federal Republic |
Head of government | Angela MERKEL (Chancellor) |
Next elections | 2021, presidential and legislative |
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- Solid public finances
- Strong industrial base
- Low structural unemployment
- Well-diversified export sector (products and trade partners)
- Low systemic political risk
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- Aging population
- Skilled-labor shortage
- Dependence on exports
- Dominance of the automobile sector
- Subdued medium-term growth prospects due to weak investment
Trade structure by destination/origin
(% of total)
Exports | Rank | Imports |
---|---|---|
United States
9%
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1 |
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France
8%
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2 |
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United Kingdom
7%
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3 |
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China
6%
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5 |
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Trade structure by product
(% of total)
Exports | Rank | Imports |
---|---|---|
Road vehicles
18%
|
1 |
10%
Road vehicles
|
Electrical machinery, apparatus and appliances, n.e.s.
8%
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2 |
8%
Electrical machinery, apparatus and appliances, n.e.s.
|
Other industrial machinery and parts
7%
|
3 |
5%
Medicinal and pharmaceutical products
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Medicinal and pharmaceutical products
6%
|
4 |
4%
Petroleum, petroleum products and related materials
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Other transport equipment
4%
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5 |
4%
Other industrial machinery and parts
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Low
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Medium
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Sensitive
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High
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Payments
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Court proceedings
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Insolvency proceedings
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Payments
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Court proceedings
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Insolvency proceedings
The purpose of insolvency proceedings in Germany has long been to realize the debtor's assets to repay the creditor's debt. As a result, liquidation has in practice remained the default procedure and the system provides no genuine support to unsecured creditors when it comes to collecting debt from insolvent debtors.
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