German foreign trade is of central importance for economic growth and for the labour market in Germany. “ While ten years ago only one out of six employees in Germany was export-dependent, today it is one out of five“, said the President of the Federal Statistical Office, Johann Hahlen, at a press briefing in Frankfurt/Main on the situation of German foreign trade and its interlinkage with the overall economy.
According to latest results from input-output computations of the Federal Statistical Office, a calculated 8.3 million jobs in Germany depended on exports in 2005, 2.4 million more than in 1995 and nearly one million more than in 2000.
In the year 2005, about 30.5 million persons worked for the domestic market, that is 1.3 million less than in 2000. So the job losses of the last five years could not be compensated by additional jobs created in the export business after all.
With the exception of 2003, successful foreign trade had a marked influence on the growth of the gross domestic product since the year 2000.
Germany owes about two thirds of the last two years' economic growth in real terms, that is 1.1 percentage points out of 1.6 percent in 2004 and 0.6 percentage points out of 1.0 percent in 2005 to real net exports, that is the balance of exports and imports of goods and services.
The economic performance contained in exports rose by a nominal 81.3 percent from 1995 to 2005, the entire gross domestic product increasing by “only” 21.6 percent over that period.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
