Features of employment in Germany
Germany is the largest European country and the fourth largest economy in the world, accounting for 5.4% of global GDP. The growth of Germany’s technology-based economy largely depends on exports, as Germany is the world’s third-largest exporter, with the world’s largest nominal trade surplus. The total workforce in Germany is around 45 million people, and the unemployment rate is meager at 4.2%. In large German cities, there is virtually no unemployment. The only regions affected by unemployment are rural areas, mainly in the northeast. Consequently, it is not surprising that Germany is also one of the world’s largest importers of foreign labor, with 3.3 million foreigners already working in Germany.
According to statistics, the German labor market currently has 1.2 million vacancies. This alone provides enormous job openings and opportunities for foreigners. However, hundreds of thousands of new job/career options are created yearly due to the:
The German job market lacks skilled workers in several necessary fields, and the German government and employers welcome foreigners to fill this gap. Additionally, Germany is known for its aging population. As statistics shows, by 2025, more than four million Germans are expected to retire. This will create additional opportunities for foreigners finding work in Germany and wishing to live in Germany.