Published: 11 December 2012
If you are looking to relocate to a European country to pursue a career change, you will want to investigate Germany. Although at a slow pace, the German economy continues to show growth according to reports from the Federal Statistical Office (Destatis). The Gross Domestic Product (GDP) rose 0.3 percent in the second quarter of 2012 in comparison to last year’s second quarter.
Many expatriates reported moving to Germany for career-driven motives and have a positive outlook on the current economic situation within the country according to the HSBC Expat Explorer Survey. Ninety-one percent of expats believe that the German economy is either staying the same or is getting better and 86 percent are satisfied with the current economic state.
Many individuals who become an expatriate in Germany have relocated specifically to pursue a career transition, instead of specifically for a new expat experience or to retire like expats in many other European countries such as France and Spain. This can be seen in HSBC Expat Explorer Survey:
Percentage of expat retirees
- In Germany: 7%
- In France: 41%
- In Spain: 32%
Percentage of expats who relocated for their career
- In Germany: 55%
- In France: 33%
- In Spain: 29%
Those who become an expatriate in Germany are able to see the financial benefit of this transition as well. One in every four expatriates in Germany has an annual salary of $100,000-$200,000. The top three occupation fields for expats in Germany are IT (14%), science/research (10%) and construction (12%).
Individuals who become an expatriate in Germany find that there are financial benefits, but it doesn’t stop there, many find it to be a well- rounded experience and a great place to raise a family as well (52%).
European Financial photo courtesy of Shutterstock