Key Driver: The Manufacturing Industry
Almost 10 percent of Europe's manufacturing companies are German. They generate 30 percent of the EU's gross value added in manufacturing alone. In fact, they represent more than one fifth of all of Germany's value added – one of the highest shares in Europe. Increasingly more foreign companies are placing their faith in Germany as an essential location for production sites and are benefiting from the country's excellent business framework and superior productivity rates.
Bar Graph: Share of Manufacturing Industry of Gross Value Added | © Eurostat 2017
Bar Graph: Productivity for Manufacturing Industries | © IW Köln 2015
Note: Data refers to year 2014 (Germany = 100, gross value added per hour at PPP).
Source: IW Köln (2015)