Demographic parameters are key to understanding population dynamics. Here, we analyse the survival and reproduction of the German wolf population in the 20 years following recolonization. Specifically, we analysed the effects of environmental, ecological and individual characteristics on 1) survival probability of the population; 2) annual survival rates of age classes; 3) reproduction probability; and 4) reproductive output, measured as the number of detected pups/juveniles. Using Cox proportional hazards model, we estimated a median survival time of circa three years for wolves. Annual survival probabilities were found to be 0.75 for juveniles, 0.75 for subadults and 0.88 for adults. Survival was lower for juveniles in winter and for subadult males in summer, probably associated with dispersal events. Low habitat suitability was clearly associated with lower survival in juveniles and subadults, but not in adults. Local territory density was related to increased survival. Reproduction probability within a territory was 0.88, but explanatory variables had no effect. Reproductive output was four pups/juveniles on average, positively related to habitat suitability and female experience, but negatively related to territory density. Survival values were very high for the species when compared to other regions. We hypothesize that carrying capacity has not been reached in the study area, thus the survival may decrease in the future if the landscape becomes saturated. Furthermore, our results highlight a spatial pattern in survival and reproduction, with area of better habitat suitability favouring faster population growth. Thus, targeting conservation measures to low habitat suitability areas will have a strong population effect on the short term by boosting survival and reproduction of the individuals, while long‐term viability should be carefully planned with high suitability areas in mind, as those contain the territories with higher survival and reproduction potential.