The German Economic Institute (German: Institut der deutschen Wirtschaft Köln e.V.) (IW) is a private economic research institute in Germany, which promotes a liberal economic and social order. The German Economic Institute is based in Cologne, Germany, with additional offices in Berlin, Germany, and Brussels, Belgium. The IW compiles analyses on economic and social policy issues. As a think tank, it combines research, consultancy and communication services. The institute was founded in 1951 under the auspices of the Confederation of German Employers' Associations (BDA) and the Federation of German Industries (BDI). The German Economic Institute is a registered association (e.V.). Its membership consists of some 110 German business and employers' associations as well as a number of individual companies. Membership fees finance the regular scientific research and advocacy. Additionally, the institute conducts research projects and carries out numerous studies financed by third parties, such as public institutions, foundations and businesses.
