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KfW Research – Research in economy, society and environment

We are KfW’s centre of economic expertise. We offer up-to-date analyses, indicators and surveys on the economic development in Germany and around the world. We take a stand with our economic policy recommendations and forecasts. We stimulate public economic discussions and set the basis for KfW’s promotional activities. Our focus is on energy and the environment, SMEs, start-ups, innovations, overall economic performance and growth.

KfW SME Panel 2018
KfW SME Panel 2018

No sign of letting up: SMEs are on a path of growth in Germany and abroad.

New publications

  • 2019-01-02KfW Research

    KfW-ifo SME Barometer December 2018

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  • 2018-12-27KfW Research

    Why are German firms reluctant to invest in Africa?

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  • 2018-12-12KfW Research

    KfW Credit Market Outlook December 2018

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Publications by topic

Want to find out more about our research findings and positions? Here you can browse through our publications, sorted by subject area.

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Publication series

KfW Research publications by series.

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About KfW Research

Are you interested in how we work? Find out more about our focal areas and organisation.

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Chief Economist of KfW

Current contributions, commentaries and short biography of Dr Jörg Zeuner, chief economist of KfW.

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Newsletter KfW Research

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



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