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Investment EnvironmentBusiness Location Germany
Investment Environment
Strong Economy
The economic effects of the coronavirus pandemic were less severe than previously expected. The Federal Government's comprehensive and rapid support since the beginning of the crisis has proven effective to date.
According to data from the Federal Ministry for Economic Affairs and Energy, Germany’s GDP fell by 4.6 percent in 2020. In its autumn forecast 2021 the German Government expects GDP to grow by 2.6 percent in 2021. For 2022 the government predicts the economy to growth by 4.1 percent.
German Economic Performance
2020 | 2021* | 2022* | |
|---|---|---|---|
GDP | -4.6 | +2.6 | +4.1 |
Private Consumption | -5.9 | +0.3 | +6.6 |
Imports | -8.6 | +9.2 | +7.1 |
Exports | -9.3 | +8.6 | +6.3 |
Gross Fixed Capital Investment | -2.2 | +2.6 | +3.9 |
