Germany: Economy
|
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 |
|
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. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2016): 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) | $4,193,922,741,398 (2017) |
| GDP Growth Rate (annual %) | 2.223% (2017) |
| GDP Per Capita, PPP (current international) | $50,716 (2017) |
GDP Country Rank 5/195 (2017)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 0.483% (2016) |
| External debt stocks, total (DOD, current US$) | $466,463,000 (2011) |
| Total tax rate (% of commercial profits) | 48.9% (2017) |
| Real Interest Rate (5 year average %) | 4.345% (2016) |
| Manufacturing, value added (% of GDP) | 20.664% (2017) |
| Current Account Balance (BoP, current US$) | $297,117,538,113 (2017) |
Labor and Employment [1]
| Labor Force, Total | 43,473,204 (2017) |
| Employment in Agriculture (% of total employment) | 1.285% (2017) |
| Employment in Industry (% of total employment) | 27.259% (2017) |
| Employment in Services (% of total employment) | 71.457% (2017) |
| Unemployment Rate | 3.736% (2017) |
Trade [1]
| Imports of goods and services (current US$) | $1,458,541,538,696 (2017) |
| Exports of goods and services (current US$) | $1,737,069,506,126 (2017) |
| Total Merchandise Trade (% of GDP) | 68.818% (2016) |
| FDI, net inflows (BoP, current US$) | $77,983,391,530 (2017) |
| Commercial Service Exports (current US$) | $276,257,007,955 (2016) |
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.