Latest news with #Destatis
Local Germany
2 days ago
- General
- Local Germany
How the 'average German' lives
The average person in Germany is 44.9 years old and has a gross monthly income of €3,978. This was announced by Germany's statistical office in Wiesbaden (Destatis) on Tuesday in a press release. The statistical office also launched a new webpage to highlight key factors about the "average German" person. The average woman in Germany was 46.2 years old at the end of 2024, a good two and a half years older than the average man at 43.5 years. The higher average age of women is due to their longer life expectancy. Last year, the average life expectancy at birth was 83.5 years for women and 78.9 years for men, according to the latest Destatis figures. The average person also lives with one other person in a household. The average person's family, i.e. all parent-child constellations, has 3.4 members. The average apartment has 94.4 square meters and costs €7.28 net cold rent per square meter. Advertisement On average, a full-time employee earned €3,978 gross in April of last year. With median gross monthly earnings of €3777, a woman in full-time employment earned exactly €300 less than a man in full-time employment, who earned €4077. The average person in Germany is 1.73 meters tall and weighs 77.7 kilograms. The average woman gives birth to 1.6 children in the course of her life.
Local Germany
6 days ago
- General
- Local Germany
Number of people living alone in Germany surges
New figures from Germany's statistical office (Destatis) show that the number of people living alone in the country has shot up recently - to a rate far higher than is seen in most other European countries. Around 17 million people in Germany live alone, according to a 2024 survey by Destatis, which corresponds to just over one in five people in the country (20.6 percent). The number of people living by themselves has risen steeply in the past two decades – by 21.8 percent compared to 2004. At that time, 14 million people lived alone, representing around 17 percent of the population. Proportionately, Germany has far more solo-inhabitants than are seen in most other European Union (EU) countries. In 2024, the share of people living alone across the EU was 16.2 percent. Figures from the European statistical office (Eurostat) show that just five European countries have greater proportions of people living alone. These include the northern and north-eastern countries of Lithuania, Finland, Denmark, Estonia and Sweden. Among the countries with the lowest proportion of people living alone were Slovakia, Ireland and Germany's neighbour Poland. READ ALSO: German housing co-ops - What are they and how do I sign up? Elderly people are the most likely to live alone, with the proportion of people doing so increasing in their later years. Among the 65-plus age group, just over one in three people lived alone (34.0 percent), and among those aged 85 and over, the figure was more than one in two (56.0 percent). The next most likely age group to live by themselves were young adults aged 25 to 35. 'Proportion of people living alone by age group 2024.' Graph by Destatis. The downsides of solo living An obvious downside to living by yourself is a heightened risk of loneliness. Whereas around 16 percent of people aged ten or higher in Germany reported feeling lonely, according to a Destatis survey in 2022, around 26 percent of people who live alone say that they do. Advertisement Younger people - under the age of 30 - were about twice as likely to be affected by loneliness than people aged 65 or more. Another negative side-effect of living alone is an increased risk of poverty. The rate of people considered at risk of poverty was almost twice as high among people living by themselves compared to the population as a whole (29 percent compared to 15.5 percent). The proportion of people at risk of poverty has also risen since 2023 - both among people living alone and the total population. READ ALSO: Germans taking on personal debt at 'nearly twice the European average' "At risk of poverty" here means people whose take home income is less than 60 percent of the median for the total population - or €1,381 per month in 2024 (after taxes and social security contributions).
Fibre2Fashion
12-07-2025
- Business
- Fibre2Fashion
Germany's trade surplus hits $21.65 bn despite monthly export dip
Germany's foreign trade performance in May 2025 showed mixed signals, with exports and imports both declining monthly, according to the Federal Statistical Office (Destatis). Despite the monthly setbacks, Germany still posted a robust foreign trade surplus of €18.4 billion (~$21.65 bn) in May 2025. Exports of goods fell by 1.4 per cent compared to April 2025, amounting to €129.4 billion (~$151.4 billion). However, year-over-year (YoY), exports were marginally higher by 0.4 per cent. Imports dropped more sharply by 3.8 per cent from the previous month, totalling €111.1 billion (~$130.99 billion), though they recorded a stronger annual rise of 4.2 per cent. Compared with May 2024, the exports increased by 0.4 per cent and imports rose by 4.2 per cent, based on provisional data. The calendar and seasonally adjusted surplus stood at €15.7 billion in April 2025. In May 2024, the surplus was €22.3 billion, Destatis said in a press release. Germany's foreign trade in May 2025 showed a monthly decline in both exports and imports, though annual figures rose modestly. Exports fell 1.4 per cent to €129.4 billion (~$151.4 billion), while imports dropped 3.8 per cent to €111.1 billion (~$130.99 billion). The adjusted trade surplus stood at €18.4 billion. Trade with the US and China weakened, while nominal exports and imports grew YoY. On a calendar and seasonally adjusted basis, Germany exported goods to the value of €71.3 billion to the Member States of the European Union (EU) in May 2025, while it imported goods to the value of €57.7 billion from these countries in the same period. Compared with April 2025, calendar and seasonally adjusted exports to EU countries dropped by 2.2 per cent and imports from these countries fell by 3.6 per cent. The value of the goods exported to euro area countries totalled €49.3 billion, a decline of 2.6 per cent, and the value of the goods imported from these countries was €37.9 billion, down 3.2 per cent. Goods to the value of €22 billion which went down by 1.3 per cent were exported to EU countries not belonging to the euro area, while the value of the goods imported from those countries was €19.8 billion, a decline of 4.2 per cent. Exports of goods to countries outside the EU (third countries) amounted to €58.1 billion in May 2025, while imports from these countries totalled €53.3 billion, on a calendar and seasonally adjusted basis. Compared with April 2025, exports to third countries declined by 0.3 per cent and imports from third countries fell by 4.1 per cent. Most German exports in May 2025 went to the United States. After seasonal and calendar adjustment, exports of goods to the United States decreased by 7.7 per cent compared with April 2025, with the value of exports to the United States falling to €12.1 billion, the lowest value since March 2022 (€11.9 billion). Compared with May 2024, exports to the United States were down 13.8 per cent on a calendar and seasonally adjusted basis. Exports to China decreased by 2.9 per cent to €6.8 billion compared with April 2025. Month on month, exports to the United Kingdom rose 15.1 per cent to €7.2 billion. Most imports in May 2025 came from China. Goods to the value of €13.8 billion were imported from there, on a calendar and seasonally adjusted basis. This was a decrease of 1 per cent compared with the previous month. Imports from the United States decreased by 10.7 per cent to €7.4 billion. Imports from the United Kingdom increased by 4 per cent to €3.1 billion during the same period. After calendar and seasonal adjustment, exports to the Russian Federation decreased by 12.1 per cent to €0.5 billion in May 2025 from April 2025 and were down 11.1 per cent from May 2024. Imports from Russia rose by 9.4 per cent to €0.1 billion in May 2025 compared with April 2025 and were down 39.8 per cent from May 2024. Germany exported goods to the value of €130.2 billion and imported goods to the value of €112.6 billion on a nominal basis (not adjusted for calendar or seasonal effects) in May 2025. Compared with May 2024, exports therefore increased by 2.8 per cent and imports were up 6.1 per cent. The unadjusted foreign trade balance showed a surplus of €17.6 billion in May 2025. In May 2024, the surplus was €20.5 billion. Fibre2Fashion News Desk (SG)
Local Germany
11-07-2025
- Business
- Local Germany
More and more German companies declare insolvency
The number of business insolvencies filed in Germany increased by 2.4 percent in June compared to the previous year, according to data released by Germany's statistical office (Destatis) on Friday. The number of insolvencies in Germany have been trending upward in recent months. In April of this year German courts reported a total of 2,125 business insolvencies - up 11.5 percent compared to April in 2024. During this time, there were a total of 6.1 insolvencies per 10,000 businesses in Germany. The sectors that saw the highest rate of insolvencies were transport and warehouse storage, followed by construction and then accommodation and food services. READ ALSO: Where in Germany are the most startups being launched? The total value of the reported insolvencies in April was approximately €2.5 billion. One year prior, in April 2024, the value of the claims had been around €11.4 billion. The decrease in value despite the increase in total number of insolvencies demonstrates that more smaller companies are becoming insolvent now, whereas one year prior fewer but more valuable companies had done so. Revitalising the German economy and offering businesses support was among the chief campaign promises of the conservative Union parties (CDU/CSU) who have since taken the helm of the federal government. So far they have pushed forward with some tax cuts meant to support businesses, including cutting electricity taxes for the manufacturing, agriculture and forestry industries . But a bigger economic turnaround will be much harder to initiate. On top of everything else is the looming threat of US tariffs , which have directly impacted German exporters, big and small alike. Advertisement Individual insolvencies also rose in April this year, but not nearly as dramatically. There were 6,328 consumer insolvencies in April this year, which was up 0.8 percent compared with the same month one year earlier. READ ALSO: Germans taking on personal debt at 'nearly twice the European average' Destatis notes that preliminary data only includes cases in which an initial decision has been made by the insolvency court. In most cases this means that the numbers reported correspond to cases that were filed up to three months earlier.
Iraqi News
08-07-2025
- Business
- Iraqi News
German exports to US tumble as Berlin urges quick trade deal
Frankfurt – German exports to the United States plummeted in May, official data showed Tuesday, as Berlin pressed the European Union to strike a quick tariff deal with US President Donald Trump. Exports to the United States, Germany's largest trading partner, fell by 7.7 percent compared to April to 12.1 billion euros ($14.2 billion), federal statistics office Destatis said. The drop left German exports to the United States at their lowest level since March 2022, came after the initial April announcement by Trump of sweeping 'Liberation Day' tariffs. The punitive reciprocal rates which could see EU exports hit with a flat 20 percent tariff were first suspended until July 9, before Washington extended the pause till August 1. Overall, Germany exported a total of 129.4 billion euros' worth of goods in May, a drop of 1.4 percent on the previous month. Analysts surveyed by financial data firm FactSet had expected the trade barometer to stagnate. ING bank analyst Carsten Brzeski said May's fall likely reflected a reversal of earlier 'frontloading' after American customers had rushed to get orders in before announced tariffs could take effect. 'This effect has now dissipated,' he said, adding that 'the risk of (more) tariffs hangs like a sword of Damocles over German and European exporters'. The White House on Monday said it had sent letters to more than a dozen countries detailing the tariffs they would face if they did not reach new trade agreements with Washington by August 1. Ongoing trade tensions threaten new pain for export powerhouse Germany, whose economy is already reeling from high production costs and intense Chinese competition in sectors from cars to machine tools. German Chancellor Friedrich Merz last week called on the EU to strike a 'quick and simple' bargain with the United States, saying Germany's 'key industries' needed clarity.
