Health economy grows faster than the overall economy
The figures of the Health Industry Round Table of the Federal Ministry of Economics and Climate Protection show that the health industry has grown steadily on average over the past ten years, at an average of 4.6 percent per year, significantly faster than the economy as a whole, which is growing at an annual rate of 3.5 percent. Every eighth euro of gross value added in Germany is generated in the health industry. These figures were recently presented by the Ministry.
More than 1.1 million people were employed in the industrial health economy (IHE) in 2022, 19.2 per cent more workers than in 2013.
Exports amounting to almost 175 billion eurosIn 2022, foreign trade of the entire health economy increased by 6.9 percent in exports (IHE: +7 percent) and by 7.4 percent in imports (IHE: +5.1 percent) compared to the previous year. In 2022, exports of the health economy amounted to 174.6 billion euros and thus 9.9 percent of all German exports. The industrial health economy accounted for the lion's share with 171.6 billion euros, which is more than 92 percent of the exports of the entire health economy. The export-strong sectors here are in particular the medical technology and pharmaceutical industries.
In the last ten years, exports of the health economy grew by an average of 6.4 percent per year. After deducting imports, the health economy has a positive foreign trade surplus of 20.7 billion euros in 2022.