Economic Structure & Activity
Gross domestic production increased by 3.5 percent in 2021, after the downturn of almost five percent caused by the Covid-19 pandemic in 2020.
Economic Activity (2020) | |
|---|---|
GDP | EUR 3,332 billion (nominal) |
GDP per Capita | EUR 40,072 |
GDP by Sector | Services 70%, Industry 23%, Construction 6%, Agriculture 1% |
GDP Growth | 2020: -4.9%, 2021: 3.5%. 2022: 3.6% |
Inflation Rate | 0.4% |
Exports of Goods | EUR 1,204 billion |
Imports of Goods | EUR 1,025 billion |
Economic Structure (latest figures as of 2020) | |
|---|---|
Number of Companies | 3.5 million |
Percentage of which are SMEs | 99.5% |
| Total Turnover All Companies | EUR 6.97 trillion |
| Total SME Turnover | 34.4% |
| Total Employees | 43 million - largest pool of labor in the EU |
| Number of Employees in SMEs | 60% |
