Business & innovation

Industry 4.0: the economy in Germany is fast en route to the digitalised future
Industry 4.0: the economy in Germany is fast en route to the digitalised future Ole Spata/dpa

A Strong Hub

Germany is the world’s fourth-largest economy, highly innovative and has a strong focus on exports. The future lies in Industry 4.0.
Digital change: After the Internet we now have the Internet of Things
Digital change: After the Internet we now have the Internet of Things vectorfusionart/stock.adobe.com
Topic
The Internet is changing all areas of society – from the economy and education to questions of e-government.

160

Number

billion euro higher gross domestic product by 2030: According to a study conducted by the management consultants McKinsey, the resolute use of smart robots and self-learning computers could increase Germany’s gross domestic product by 160 billion euros by 2030.

Info

Info

EXIST In the form of three programmes EXIST, the funding scheme launched by the Federal Ministry for Economic Affairs and Energy (BMWi), is aiming to improve the start-up climate at higher education institutes and non-university research institutions. As such, in comparison with other countries Germany has put excellent basic conditions in place for the seed stage. A novelty: Since 2015 EXIST funding has also been open to young technology-oriented Israeli academics who wish to found a start-up in Berlin.

dpa/Wolfram Kastl - Startups
dpa/Wolfram Kastl - Startups
Topic
Germany offers start-ups a good infrastructure and lots of funding opportunities. Berlin is regarded as Europe’s start-up capital and also attracts lots of international young entrepreneurs.
Germany is shaping the future of industry: a fourth industrial revolution.
Container như là biểu tượng của toàn cầu hóa: Cảng Hamburg thuộc những cảng trung chuyển lớn
Container như là biểu tượng của toàn cầu hóa: Cảng Hamburg thuộc những cảng trung chuyển lớn Jörg Modrow/laif
Topic
Germany is highly interlinked with the global economy. Every second euro is earned by exports.
Alexander Koerner/Getty Images
Topic
The German economy centres around four strong industrial sectors. Small and medium-sized enterprises are its heart.
Thomas Köhler/Photothek via Getty Images
Topic
Germany is one of the most sustainable industrial countries. Companies are committing to their social responsibility.
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Corporate tax rates

Since the mid-1990s there has been an international trend towards falling ­corporate tax rates. Germany has long since not been among the high-tax countries. In comparison with ­other countries, if anything, it even has below-average tax and welfare contribution levels. The average overall tax burden for companies is less than 30 percent. On account of the locally variable trade tax rate, in some regions in Germany it is below 23 percent.

Timeline
Ute Grabowsky/Photothek via Getty Images
Topic
The German labour market features high employment levels and a low unemployment rate. The dual training system is an export success story.

List

Largest company

Volkswagen, 642,300 employees
Biggest bank

Deutsche Bank, 97,535 employees
Most important stock market index

Deutscher Aktienindex (DAX)
Largest trade fair grounds

Hanover
Biggest aircraft manufacturer

Airbus, Hamburg

714

Number

Internet service providers and other organisations are linked up to DE-CIX. In terms of data throughput, the 
Internet hub in Frankfurt am Main is the largest in the world. In 2017 
data throughput reached the 6-Terabit-
per-second mark for the first time. 
In addition to the Frankfurt hub, DE-CIX operates further Internet hubs in ­Europe, the Middle East, North America, and India.

The New York Times/Redux/laif
Topic
German business is now in the middle of the fourth industrial revolution. The Federal Government is driving the digital transition.
Info

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Make it in Germany

The official online portal for international skilled workers supports people interested 
in moving to Germany from their 
arrival to their job search. Experts are also on hand to offer individual advice on visas, recognition of qualifications, and living in Germany – via e-mail, hotline or online chat. Moreover, 
the portal provides information on 
the benefits of a training or study 
programme in Germany in German, English, French, and Spanish.

The right, creative inspirations lead to permanent prosperity and a sustained, improved living environment for all Europeans.
Jan Woitas/dpa
Topic
A short overview of further information on the topic of Business and Innovation, plus associated links.