The Representative of German Industry and Trade (RGIT) retained Content First to produce a state-by-state analysis of the economic impact of German investment in the United States by employment, capital stock investment, and the level of exports from each state to Germany.
Facts About German-American Investment and Trade, was released by the Representative of German Industry and Trade in April 2008 to provide an overview of key U.S. and German investment and trade statistics. The data, based on the most recently released U.S. government statistics, showed that German-owned companies supported 655,000 jobs in the United States, representing 13 percent of all jobs supported by foreign affiliates.
Select Facts About German-American Investment and Trade
- German-owned affiliates create well-paid American jobs with an average annual compensation per worker of $73,500.
- German business creates jobs in every state with Michigan, California, New York, Pennsylvania, and Ohio as the top ranked states by employment supported by the operations of U.S. subsidiaries of German-owned companies.
- German-owned subsidiaries lead in capital stock investment and research and development expenditures
- Germany is America’s 6th largest export market at nearly $50 billion.