German Economy

German economy is the largest national economy in Europe and fourth largest in the world. Country-wise it is the second largest exporter after China. It was the first and fastest country to recover from the western economic crisis – thanks to its dedication in innovation and technologies. Now it is witnessing a major boost in Economy which is expected to shoot above all other previous records. Consequently the job sector is experiencing a massive growth with a predicted shortage of over two million skilled labours in the upcoming years. It is of significant importance since the service sector contributes over 70% of the national GDP.

The industries contribute about 30% of Germany’s GDP. The country’s major products are in engineering especially in automobiles, machinery, metal formations and chemicals. It is a global innovator of solar and wind power technologies and in recent years the universities and research schools saw heavy funding for projects on green energy.  

It is also home to the largest annual international trade fairs and congresses that are held in several German cities such as Hanover, Frankfurt, and Berlin. Recent cities to join the trade fair extravaganza are Munich, Dusseldorf, Essen, Leipzig, Heidelberg and Cologne.   

The already strong and growing economy provides an ideal career prospect should you want to gain some working exposure either during your internship or after your graduation. This equally guarantees a higher availability of part time jobs during your education which are especially helpful for students on self finance. (See section on how to find a student job on the financial section)