Back to the project overview

Importance of the German Economy for Europe


vbw - Vereinigung der Bayerischen Wirtschaft



The competitive and export-strong German economy is often criticised, while it creates millions of jobs in other EU states. This is what is shown in a new study for the vbw which was presented by Prognos expert Dr. Michael Schlesinger on 21 February in the Representation of the Free State of Bavaria in Brussels.

The study entitled “Die Bedeutung der deutschen Wirtschaft für Europa” (Importance of the German Economy for Europe) shows: German import demand alone guarantees more than 4.9 million jobs in other EU states. Prognos conducted the study on behalf of the vbw - Vereinigung der Bayerischen Wirtschaft e. V. (the Bavarian Industry Association).

“The demand for imports from the German industry is particularly advantageous for the economies in Central Eastern Europe, which are closely intertwined with Germany, as well as for the smaller Western European neighbouring countries of Germany,” said Prognos economist Schlesinger. In countries such as the Czech Republic, Slovakia, the Netherlands or Austria, German import demand induces between seven and more than eight per cent of total gross value added. This represents several hundred thousand jobs in each case.

These findings show the large significance of the German economy for the EU. “The study confirms that there are overall no disadvantages for EU partner states as a result of a competitive and fast-growing German industry,” explained Schlesinger. Due to the intensive economic interdependence, European trading partners profit from a favourable development of Germany

Read the study ( Importance of the German Economy for Europe

Authors: Dr. Michael Schlesinger, Johann Weiss

Do you have questions?

Your contact at Prognos

Johann Weiß

Project Manager

View profile

Our work on this topic

Take a look at our latest projects and activities.

Ein Mann öffnet sein Geschäft. Auf einem grünen Schild steht "Geöffnet"

Economic development in Germany and Bavaria until 2040


Bavaria and Germany can make up for the GDP slump caused by Corona by 2022. Prognos prepared a forecast on economic dynamics until 2040 for the vbw.

Eine Ingenieurin und ein Ingenieur arbeiten gemeinsam an einem Laptop.

Evaluation of the cluster initiatives


For the EU Commission, we evaluate the EU cluster programmes together with CSES and IDEA Consulting Group.

großes Frachtschiff mit Containern beladen fährt an einem Hafen und Hochhäusern dahinter vorbei

Prognos Economic Outlook® (PEO®)


In uncertain times, there is a growing demand for orientation. PEO® delivers independent figures. Based on our economic models we project the coming 25 years.

Personen fahren auf Rolltreppen hoch und runter

Germany's Global Value-Adding Network


Prognos analysed the value-added interdependencies of the German economy in the years 2000, 2008, and 2014.

Personen fahren auf Rolltreppen hoch und runter

“No-deal Brexit” no disaster for the German economy


Scenario analysis: The German economy need no longer fear a no-deal Brexit.

Fernrohr mit Blick über einen See in der Schweiz.

Main Determinants of Regional Economic Resilience


What was the impact of the great recession on EU regions? Prognos Consultant Neysan Khabirpour contributed to a recent European Commission Working Paper.

zwei LKWs und ein Auto fahren auf einer Autobahn

Globalization of the german automotive industry


A policy brief for the Bertelsmann Stiftung uses the example of the German automotive industry to show the extent to which other countries directly and indirectly contribute value added to the production of this industry.


Germany Report 2025|2035|2045


Germany will become more global, more digital, greener and older in the next 30 years. This is shown by Prognos Deutschland Report from 2018/2019.

eine Gruppe von Kindern, die einen Globus mit Tieren, Fischen und Booten malen

Globalization report 2018


Building on the two previous studies, the ‘Globalisation Report 2018’ examines to what extent the world's 42 most important economies have benefited from globalization in the past.

Adobe Stock - CleverStock

About us

Prognos – Providing Orientation.

Prognos is one of the oldest economic research centres in Europe. Founded at the University of Basel, Prognos experts have been conducting research for a wide range of clients from the public and private sectors since 1959 – politically independent, scientifically sound.

Learn more