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Results of KfW's economic research

Economics in Brief

One-page documents with quick and concise information on current themes.

Focus on Economics

The publication series "Focus on Economics" provides an overview of the latest results on current economic policy issues.

Economic indicators

Our indicators provide regular updates and forecasts on important parameters.

KfW SME Panel

The "KfW SME Panel" is a tracking survey of small and medium-sized enterprises in Germany.

KfW SME Innovation Report

Annual report regarding the development of innovative activity among SMEs, based on the KfW SME Panel.

KfW SME Digitalisation Report

Annual report regarding the development of activity in digitalisation among SMEs, based on the KfW SME Panel.

Business Survey

Annual survey of the funding situation of businesses, conducted in cooperation with industry associations.

KfW Entrepreneurship Monitor and KfW Start-up Report

Annual surveys of the structure and trends in start-up activity in Germany.

KfW Internationalisation Report

Annual report on the international activities of German SMEs.

KfW Municipal Panel

Annual representative survey of districts, as well as cities and municipalities with more than 2,000 inhabitants, conducted since 2009.

KfW/ZEW CO2 Barometer

Survey of all companies in Germany participating in the EU Emissions Trading Scheme, conducted in cooperation with ZEW.

Paper and Proceedings on Economics

This series provides detailed analyses on the topics of SMEs, start-ups, innovations and sustainability.

Emerging Markets Spotlight

In the series "Emerging Markets Spotlight", brief analyses and assessments of selected emerging countries are published.

We would be happy to provide you with regular updates from KfW Research.



KfW Research, KfW Bankengruppe, Palmengartenstr. 5-9, 60325 Frankfurt,


  • | KfW Research
    KfW-ifo SME Barometer August 2022
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  • | KfW Research
    KfW Business Cycle Compass August 2022
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    Business climate indexes for the German venture capital market
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