Employer Information : GermanyFacts:
|Population:||82.4 million ( German 91.5%, Turkish 2.4%, other 6.1% )|
|Area:||357,021 sq km|
|Borders:||the Baltic Sea , the North Sea , the Netherlands , Poland , Denmark|
|Major Cities:||Hamburg, Frankfurt, Munich|
|Major Religion:||Protestant 34%, Roman Catholic 34%, Muslim 3.7%, unaffiliated or other 28.3%|
|Government Type:||Federal Republic|
- Ranking third in terms of total economic output, Germany is one of the world's leading nations. In terms of exports, Germany takes first place worldwide.
- However, numerous difficulties have marked Germany's economic development since unification in 1990. The enormous differences between the West and East German economic systems brought East Germany to the brink of collapse, regardless of the fact that following unification Germany began to pour tens of billions of dollars annually into the infrastructure of former East Germany.
- Convergence between the two economies has slowed since the mid-1990s, and Germany as a whole has experienced relatively low rates of annual growth—especially following the painful economic downturn in 2002 and 2003.
- The modernization and integration of the eastern German economy continues to be a costly long-term process, with annual transfers from west to east amounting to roughly $70 billion.
- Germany's ageing population, combined with high unemployment, has pushed social security outlays to a level exceeding contributions from workers. Structural rigidities in the labor market - including strict regulations on laying off workers and the setting of wages on a national basis - have made unemployment a chronic problem. At five million unemployed, Germany now has its highest unemployment rate since 1932. The unemployment rate rose to a new postwar record of over 12 percent, and in the former East Germany it remains double of what it is in the west.
- Germany is a country which highly values education and vocational training, research and the sciences. In the quality of its primary and secondary education, the extended years of schooling, and in its technical and vocational training, Germany excels. Furthermore, Germany has a superb apprenticeship tradition that has helped to keep its industry ahead.
- There are almost two million students in higher education in Germany at the moment, and the German system of higher education includes a total of 332 institutions (state institutions or recognized institutions) that are subdivided into 173 universities and 159 "Fachhochschulen" – universities of applied sciences. By comparison with other first world countries, Germany has produced a high amount of Nobel Prize winners, and is renowned for the high-level of scientific research and development.
- The German workforce is highly motivated, well-qualified and has a good work ethic.
- There are around 42 million people in employment in Germany . Almost 27 million of these work in the services sectors, with a particularly strong representation in the financial and IT industries. A further 8 million work in industry, 2.3 million are employed in construction, while 900,000 work in agriculture.
- As Germany is now suffering high unemployment, many skilled and multi-lingual Germans are now seeking employment in the wider EU.