In 2014, there were 330,000 people aged 15 to 24 out of work, according to new figures released by Germany's statistics office, Destatis, on Tuesday. The office puts the rate of youth unemployment in Germany at 7.7 percent, the lowest in the EU.

In Spain, the rate stands at 53.2 percent, in Greece it is 52.4 percent. The EU average is 22.2 percent.

Of the 330,000 young people registered as being out of a job, only 30 percent were in training of some sort.

In the last 10 years, the share of young people who are without a job and not in training in Germany, dropped to 6.4 percent from 10.9 percent, lagging behind neighboring Netherlands (5 percent), Luxembourg (6.3 percent) as well as Denmark (5.8 percent).

Italy, meanwhile, has the highest number of young people who are neither employed nor in training, making up 22.1 percent in that age group. Bulgaria, Croatia and Greece follow closely behind.

German companies have recently launched the pan-European "InCharge" initiative to motivate and enable unemployed young Europeans to train and find a job in Germany.