Germany is the most populated nation in the European Union and, as a result, also the biggest market within the EU. The country’s population is now at 82 million people (Plogmann et al., 2020). Germany’s economy is the most powerful in Europe and the third most powerful in the world, with a gross domestic output of over 2.2 trillion euros, making it the biggest economy in Europe (Plogmann et al., 2020).
Because of its strategic position in the middle of Europe, Germany has become an important transportation and distribution center. The expansion of the European Union has been notably beneficial to Germany (Plogmann et al., 2020). As a consequence of this, it is the only nation out of the seven most major industrialized countries to have increased its proportion of global commerce since 1995.
Germany is an open market that extends a warm welcome to investors from other countries. This is shown by the fact that there are 22,000 international companies that have set up shop in Germany and are now responsible for the employment of more than 2.7 million people (Plogmann et al., 2020). The German market is wide open for business investment in almost all different kinds of enterprises. There are currently no industries that are regulated by the state. Private equity firms and hedge funds are showing a growing interest in Germany as an investment destination as a result of the country’s extremely appealing businesses and favorable investment environment.
Germany is home to more than 7 million people who were born somewhere else. Several of the nation’s largest cities are home to sizable immigrant populations that are complete with their own institutions of education, worship, commerce, and dining. For instance, there are a significant number of Japanese residents in the area of Düsseldorf, a significant number of Korean residents in and around Frankfurt, and a significant number of Chinese residents in Hamburg. Around 70 percent of German employees in both blue and white collar jobs are proficient in the English language.