Germany: Economy

Economic Trivia

The fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): United States, France, and Netherlands
Top 3 Exported Goods (2015): Motor Vehicles & Parts, Industrial Machinery, and Electrical Machinery

Top Industries Source: CIA World Factbook

Iron; Steel; Coal; Cement; Chemicals; Machinery; Vehicles; Machine Tools; Electronics; Food and Beverages; Shipbuilding; Textiles

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $3,848,271,845,006 (2015)
GDP Growth Rate (annual %) 1.688% (2015)
GDP Per Capita, PPP (current international) $47,268 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 5/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 0.234% (2015)
External debt stocks, total (DOD, current US$) $466,463,000 (2011)
Total tax rate (% of commercial profits) 48.8% (2015)
Real Interest Rate (5 year average %) 22.047% (2012)
Manufacturing, value added (% of GDP) 22.572% (2015)
Current Account Balance (BoP, current US$) $285,074,316,184 (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 42,207,318 (2014)
Employment in Agriculture (% of total employment) 1.3% (2014)
Employment in Industry (% of total employment) 28.3% (2014)
Employment in Services (% of total employment) 70.4% (2014)
Unemployment Rate 5% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $1,312,525,230,121 (2015)
Exports of goods and services (current US$) $1,574,493,734,058 (2015)
Total Merchandise Trade (% of GDP) 70.399% (2014)
FDI, net inflows (BoP, current US$) $46,227,109,664 (2015)
Commercial Service Exports (current US$) $272,317,237,807 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Germany’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary