Germany: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| 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. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): China, United States, and France |
| 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) [1]
| GDP, PPP (current international) | $4,516,934,682,331 (2020) |
| GDP Growth Rate (annual %) | -4.57% (2020) |
| GDP Per Capita, PPP (current international) | $54,264 (2020) |
GDP Country Rank 5/197 (2020)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 0.507% (2020) |
| External debt stocks, total (DOD, current US$) | $466,463,000 (2011) |
| Total tax rate (% of commercial profits) | 48.8% (2019) |
| Real Interest Rate (5 year average %) | 4.345% (2016) |
| Manufacturing, value added (% of GDP) | 18.17% (2020) |
| Current Account Balance (BoP, current US$) | $268,526,392,334 (2020) |
Labor and Employment [1]
| Labor Force, Total | 43,382,544 (2020) |
| Employment in Agriculture (% of total employment) | 1.169% (2020) |
| Employment in Industry (% of total employment) | 26.779% (2020) |
| Employment in Services (% of total employment) | 72.052% (2020) |
| Unemployment Rate | 4.31% (2020) |
Trade [1]
| Imports of goods and services (current US$) | $1,449,776,956,932 (2020) |
| Exports of goods and services (current US$) | $1,669,993,508,934 (2020) |
| Total Merchandise Trade (% of GDP) | 66.324% (2020) |
| FDI, net inflows (BoP, current US$) | $67,618,997,074 (2019) |
| Commercial Service Exports (current US$) | $305,136,912,690 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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.