Basic Facts about Germany

Economic System

Germany has a social market economy which means it supplements a free market economy with a ''safety net'' of social programs and legislation watching out for those least able to protect their own interests. In addition to the legal framework surrounding the German market, a wide range of chambers and trade associations work to support businesses active in the different industry sectors and regions. These range from the Chambers of Industry and Commerce to the Chambers of Skilled Trades and Crafts, mandatory trade associations and free professional associations. To find out more about the organizations active in your industry and the services they provide, please visit our ''Business Sectors'' page or contact us for further information.

Foreign trade statistics are available from the German Federal Statistical Office (DESTATIS) while regular studies on economic developments in Germany can be obtained from several different publicly funded economic research institutions. Additional information on Germany, its business climate and economic profile is available from Germany Trade and Invest.