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Germany Overview

Germany – Europe’s largest economy – is a world leader in machinery, vehicles, chemicals and household equipment. The country is well supported by a highly skilled labour force and an immense manufacturing sector, allowing Germany to be relatively resilient to financial downturns in neighbouring regions.

As the leading producer of wind turbines in the world, Germany is seriously committed to their renewable energy transition called Energiewende. The country’s renewable energy sources produced approximately 46% of electricity consumed in the country, as of 2019.

Exports account for approximately for 41% of output, with the top 10 exports being vehicles, machinery, chemical goods, electronic products, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, and rubber and plastics.

Global State of the Market Report

In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 24,000 professionals on Advisory Boards in Europe or 11% of the global Advisory Board market.

Germany’s Advisory Board Landscape

Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in Germany. As an emerging sector, advisory board professionals may have opportunities in key sectors including – automotive, mechanical engineering and electrical – and are encouraged to stay open-minded to start-up and emerging industries.

Future Growth Opportunities

There is a growing opportunity for professionals to increase participation in Germany, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.

Key Statistics

Population 83.02m Labour Force by occupation
GDP  3.861tn (USD) Agriculture 1.4%
Industry 24.2%
GDP by sector Services 74.3%
Agriculture 0.7%
Industry 30.7% Global ease of doing business rank 22nd
Services 68.6% Global ease of doing business score 79.7/100
Imports 1.804tn (USD)
Export 2.004tn (USD)

 

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