German American Business Outlook
The German American Business Outlook (GABO) is an annual survey of German subsidiaries in the U.S. that assesses current economic developments and trends in the transatlantic business climate.
Discover the results of the GABO Survey 2024
In 2024, the German American Chambers of Commerce offices surveyed German subsidiaries in the United States once again on their views of the US as an investment location. Dive into the results:
Executive Summary 2024
Success of German companies in the US leads to transatlantic investment and increased operations in both the US and Germany.
- In 2024, 99.5% of German companies in the US forecast no recession for the US economy; 91% expect their net sales to grow.
- Over the next 3 years, 96% of respondents plan to invest in the US; over 40% more than $5 million; 30% more than $10 million.
- For over 2/3 of German companies in the US, the US has a significant or dominant importance for their global business; 40% have US production facilities.
- Strong US demand results in increased production, employment and R&D activities in Germany.
- 72% plan to expand their workforce in 2024, though 91% struggle with recruitment. By 2028, 82% expect to grow their workforce.
- Concerns about US inflation, market uncertainty, supply chain and trade tension decrease ahead of 2024 US election.