The OECD’s Economic forecast summary for Germany last month showed that economic growth should remain “solid”. The performance of the German economy is having positive effects for translators and interpreters – research by Destatis – Germany’s Federal Statistical Office – showed that revenue for “translation and interpretation” activities is up more than 18% since 2010. In addition, the number of people employed in German translation and interpreting increased by 32% over the same period. That kind of growth puts translation and interpreting in the top third of industries.
A private sector statistics provider, Statista, shows that revenues for the German translation and interpretation industry are set to hit about EUR 1bn in 2016. Statista said that there were 8,116 translators or interpreters in Germany in 2015.
Destatis’s figures do not publish absolute numbers of interpreters, but combining both sets of data allows a calculation of growth in number of translators and interpreters – up by about 500 in the first three quarters of 2016. Checking German jobs board Monster.de shows nearly 500 further jobs are being advertised with the key words “translation” or “interpreter”.
German translation and interpreting is booming in the UK, too – Accutranslate’s demand for German translators and interpreters has been on the up in 2016. Luckily we have been able to add to our translation team, and respond to the increased demand. If you need some German materials translating give us a call and we’ll be happy to help you get your German efforts off to a great start in 2017!