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Basic Economic Summary


  • Local Languages: Germany, English
  • Capital: Berlin
  • Currency: Euro
  • Population: 83.02 million
  • Date Format: dd/mm/yyyy

Useful Information

  • GDP Per Capita (in USD): 46,445.25
  • Exchange Rate (EUR/USD): 1.18

Local Universities

Top Local Universities

University Rankings
Ludwig Maximilians University Munich Ranking in Germany: 2, World Ranking: 48
Technical University of Munich Ranking in Germany: 1, World Ranking: 43
University of Heidelberg Ranking in Germany: 3, World Ranking: 61
Humboldt University Berlin Ranking in Germany: 12, World Ranking: 174
Karlsruhe Institute of Technology Ranking in Germany: 4, World Ranking: 103

Salary Data

Average Salary of Jobs (Per Month)

The table below shows the average salaries of some jobs in Estonia. Please refer to SalaryExplorer for more information.

Job Title Average Salary Range (EUR) Average Salary Range (USD)
Senior Doctor 3,290 - 15,100 3901.22 - 17905.28
Investment Fund Manager 2,700 - 9,320 3201.61 - 11051.47
Corporate Finance Manager 3,400 - 11,700 4031.65 - 13873.63
Key Account Manager 2,070 - 7,160 2454.56 - 8490.18
Insurance Service Provider 1,420 - 7,370 1683.81 - 8739.20
Regional Sales Manager 3,490 - 12,100 4138.37 - 14347.94

Talent Sourcing Tips


Employer Payroll Tax

The employer payroll tax is calculated as follows:

Category Rate
Pension Insurance 9.30%
Unemployment Insurance 1.20%
Health Insurance 7.30%
Long term care insurance 1.525%
Insolvency Contribution* 0.12%
Work Accident Scheme 0.60%
Maternity Leave 0.55%

*Income ceiling of EUR 85,200 annually

Employee Payroll Tax

The employee payroll tax is calculated as follows:

Category Rate
Pension 9.30%
Unemployment Insurance 1.20%
Health Insurance 7.30%
Long term care insurance 1.525%

Employee Income Tax

Income Tax in Germany is calculated as follows:

Taxable income range for single taxpayers (EUR) Taxable income range for married taxpayers (EUR) Tax rate (%)
Over Not over Over Not over
0 9,744 0 19,488 0
9,744 57,918 19,488 115,836 14-42
57,918 274,612 115,836 549,224 42
274,612 and above 549,224 and above 45

Minimum Wage & Payroll

Minimum Wage

The minimum wage in Germany is €1616 per month.

Payroll Cycle

The employee must be paid monthly. 


13th month salary

There is no provision for the 13th month salary in Germany.

Working Hours & Statutory Leave

Working hours

The typical number of working hours in Germany is 36 to 40 hours a week. 

Overtime pay

Overtime can be allowed for upto 60 hours per week. It can be compensated by extra time off or payment as decided by the employer.

Public Holidays

Number of public holidays is 9 days. The list of holidays can be found here.


Annual Paid Leave

Full time employees are entitled to a minimum of 24 days for a six day working week.

Sick Leave

Employees are entitled to 6 weeks of sick leave paid at the rate of 100% of the regular salary.

Parental Leave

Female employees are entitled to fully paid 6 weeks prior to child’s birth and 8 weeks after the child’s birth. 

Paternity leave falls under parental leave.

In Germany, parental leave is awarded for 36 months and can be divided between the two parents.

Offboarding & Termination

Termination Process

The employer must have a justifiable reason to terminate the employment contract. A dismissal notice should be mutually agreed upon and signed by both parties.

Notice Period

The notice period in Germany should be at least 4 weeks.

Severance Pay

There is no statutory severance pay in Germany.

Probation period

The probation period is 6 months and is subject to mutual agreement between the employer and employee.



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