Total population of Germany 2029

The total population of Germany was slightly above 83.16 million inhabitants in 2020, and is expected to remain around 85.21 million through 2029. They country is the most populated country in the European Union, followed by France with just over 65 million inhabitants.

A working population

Germany’s population has a balanced age structure, with a steady percentage of the population being of working age. Over 70 percent of the German workforce is employed in the services sector, the economic sector that generates the largest percentage of the country’s gross domestic product (GDP). The business confidence index for the services sector has been consistently growing over the last years, increasing to 34.23 index points in 2019.

A prosperous economy

Congruous to this increased confidence, GDP was about 3.96 billion U.S. dollars in 2019, and is projected to increase to 4.71 billion U.S. through 2024. Another contributing factor to Germany’s strong, stable economy is the country’s low inflation rate, which has stayed between 0.3 and 1.5 percent in the past last five years. Moreover, unemployment has remained low, decreasing through 2018.