The study analyses the contribution to the Greek economy of the bilateral economic relations with Germany and to highlight the resilience of the German business community in Greece. The study updates the analysis of the trends in trade and investment flows between the two countries and quantifies the direct, indirect and induced effects on the economy of Greece from the operation and investments of member companies of the German Hellenic Chamber of Commerce and Industry in Greece.

Germany is one of Greece’s major trading and investment partners. The exports of Greek products to Germany amounted to €3.7 billion in 2025, compared to €3.4 billion in 2024, with the share in total exports to reach 7.7% in 2025. Imports of goods from Germany to Greece stood at high levels in 2025, at €9.1 billion in 2025, 11.3% of total imports. Germany tops the country rankings in tourism receipts (16.0% of the total in 2024) and comes second after Luxembourg in terms of total capital stock from foreign direct investment (13.5% of the total).

The activity of the German business community in Greece is a major driver of economic growth in the country. Taking into account interactions with other sectors of economic activity, its total contribution in terms of GDP is estimated at €8.9 billion or 3.7% of GDP in 2024. In terms of employment, the total contribution is estimated at 100.6k jobs in 2024, which represents 2.0% of total employment.