Germany Faces Surge in Insolvencies as Economic Challenges Mount

The number of company bankruptcies in 2024 rose by nearly 17%, with experts warning of potentially higher figures in 2025.

Germany recorded 22,400 company insolvencies in 2024, marking a 16.8% increase from the previous year and the highest level since 2015.
October 2024 saw a 35.9% year-over-year rise in insolvencies, with creditor claims more than doubling to €3.8 billion.
Industries most affected include construction, hospitality, and transportation, with consumer bankruptcies also rising by 10.8%.
Experts attribute the increase partially to the end of pandemic-era subsidies, rising interest rates, and escalating energy and labor costs.
Projections for 2025 suggest insolvency levels could approach those seen during the 2009 financial crisis, with over 32,000 cases anticipated.