Macroeconomic Outlook Report: Germany

Macroeconomic Outlook Report: Germany

Summary

Financial intermediation, real estate and business activities contributed 25.0% to the gross value added (GVA) in 2023, followed by mining, manufacturing and utilities activities (23.9%), wholesale, retail and hotels activities (12.0%). In nominal terms, the three sectors are expected to grow by 2.8%, 2.4% and 3.2%, respectively in 2024.

Four major states comprised 60.4% of the country’s population in 2023 and 62.6% of the German GDP in 2022, according to the Eurostat.

The DAX index has been on an upward trend. As of May 01, 2024, the index stood at 17,932.2, compared to 14,436.3 on May 01, 2023.

Scope

• As per the 2030 FTIP (Federal Transport Infrastructure Plan), Germany allocates EUR141.6 billion ($153.9 billion) for maintaining existing networks and EUR98.3 billion ($106.8 billion) for upgrades and new projects, totaling EUR269.6 billion ($293 billion) over the period.

Reasons to Buy

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.