The member of a government who is responsible for the economic policy of a country or federal state.
example
Der Wirtschaftsminister stellte ein neues Förderprogramm für kleine Unternehmen vor.
The economy minister presented a new funding program for small businesses.
Usage tips
Word composition
This word is composed of three parts: 'die Wirtschaft' (the economy), the linking -s, and 'der Minister' (the minister). So it is literally the minister for the economy.
EXAMPLE
Der Wirtschaftsminister ist für die wirtschaftliche Entwicklung des Landes verantwortlich.
The economy minister is responsible for the country's economic development.
Usage pattern
The word is often made more specific with an adjective or another noun to show the area of responsibility, e.g. 'der deutsche Wirtschaftsminister' (the German economy minister) or 'der Bundeswirtschaftsminister' (the federal economy minister).
EXAMPLE
Der bayerische Wirtschaftsminister besuchte die Messe in Nürnberg.
The Bavarian economy minister visited the trade fair in Nuremberg.
Typical collocations
Typical political actions are associated with an economy minister, such as 'ein Programm vorstellen' (to present a program), 'die Wirtschaft ankurbeln' (to stimulate the economy), or 'mit Verbänden verhandeln' (to negotiate with associations).
EXAMPLE
Der Wirtschaftsminister will die heimische Wirtschaft mit neuen Krediten ankurbeln.
The economy minister wants to stimulate the domestic economy with new loans.
Compare with
confusable
Wirtschaftsminister vs Finanzminister
finance minister
'der Finanzminister' and 'der Wirtschaftsminister' are both members of a government, and their responsibilities can overlap. The finance minister mainly deals with state money, the budget, and taxes. The economy minister deals with economic policy, for example companies, trade, jobs, or growth. The words can be confused because money and the economy are closely connected. As a simple guide: for the state budget and taxes, 'Finanzminister' fits. For companies, the market, and the economy, 'Wirtschaftsminister' fits.
Wirtschaftsminister
Der Wirtschaftsminister spricht mit mehreren Firmen über neue Arbeitsplätze.
The economy minister is talking with several companies about new jobs.
Finanzminister
Im Parlament erklärt der Finanzminister den neuen Haushalt.
In parliament, the finance minister explains the new budget.