Share of economic sectors in gross domestic product in Germany 2021
At your service
The tertiary, or services, sector encompasses all kinds of intangible goods, like consulting and advice, transport, or attention. If a country generates its GDP mostly via services, this is often through industries like tourism (including accommodation and hospitality), financial services, or telecommunications. Germany is a popular tourist destination and an important financial hub.
Germany is not a “service desert”
The services sector in Germany not only generates most of the country’s GDP, it also employs the vast majority of the workforce with over 70 percent. Lately, business confidence in the German services sector has increased significantly, which suggests a stable economy and ideally an increase in production and output in the future. This projection is supported by rising GDP and a stable inflation rate at around two percent.