True, but you can also make as many new words in German as you wish. Just hook them together one long jumble.
There is supposedly a German word,
"Mississippischaufelraddampferkapitänsmützenfabrikbesitzer",
that has been used at least once in print. It means the owner of a factory for making hats for captains of paddle boats on the Mississippi.
So the number of German words is really infinite. Any combination of words that can be conceived can be used as a legitimate word.
-ccm
LOL! Never seen that one ;^)
However, as far as I know such long words aren't something you encounter in everyday German and especially these extra-long words are just made up for fun because you can and not because you have to.