LOW RISK for entreprise
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
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GDP | USD 542,761bn (World ranking 23, World Bank 2018) |
Population | 11,42mn (World ranking 78, World Bank 2018) |
Form of state | Federal Parliamentary Democracy under a Constitutional Monarchy |
Head of government | Sophie Wilmès (PM) |
Next elections | legislative elections, 2024 |
(% of total)
Exports | Rank | Imports |
---|---|---|
Germany
15%
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1 |
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France
14%
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2 |
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Netherlands
13%
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3 |
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United Kingdom
10%
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4 |
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Italy
10%
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5 |
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(% of total)
Exports | Rank | Imports |
---|---|---|
Pharmaceuticals
11%
|
1 |
10%
Pharmaceuticals
|
Cars
8%
|
2 |
9%
Cars
|
Plastic Articles
7%
|
3 |
7%
Basic Organic Chemicals
|
Basic Organic Chemicals
7%
|
4 |
5%
Refined Petroleum Products
|
Refined Petroleum Products
5%
|
5 |
4%
Plastic Articles
|
Low
Medium
Sensitive
High
Payments
Court proceedings
Insolvency proceedings
Payments
Court proceedings
Insolvency proceedings
Court proceedings are reliable and benefit from EU standards, but enforcing domestic judgments remains time consuming and costly, so pre-legal action conducted by collection specialists remains the most efficient option when it comes to recovering debt.
Although domestic insolvency law aims at rescuing companies to increase the chances of recovering debts, it provides no limitations as to how much of the debt may be written off in restructuration negotiations. It is rare for unsecured creditors to recover from insolvent debtors in practice.
Euler Hermes
Economic Research Team
research@eulerhermes.com
Ana Boata
Head of Macroeconomic Research
ana.boata@eulerhermes.com