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 (2018): China, United States, and Netherlands
Top 3 Exported Goods (2018): Industrial Machinery, Motor Vehicles & Parts, 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) [1]

GDP, PPP (current international) $4,401,361,323,105 (2018)
GDP Growth Rate (annual %) 1.527% (2018)
GDP Per Capita, PPP (current international) $53,075 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 5/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.732% (2018)
External debt stocks, total (DOD, current US$) $466,463,000 (2011)
Total tax rate (% of commercial profits) 48.8% (2019)
Real Interest Rate (5 year average %) 4.345% (2016)
Manufacturing, value added (% of GDP) 20.404% (2018)
Current Account Balance (BoP, current US$) $289,897,516,288 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 43,228,550 (2019)
Employment in Agriculture (% of total employment) 1.254% (2019)
Employment in Industry (% of total employment) 26.882% (2019)
Employment in Services (% of total employment) 71.863% (2019)
Unemployment Rate 3.199% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $1,628,580,259,369 (2018)
Exports of goods and services (current US$) $1,871,807,732,127 (2018)
Total Merchandise Trade (% of GDP) 72.106% (2018)
FDI, net inflows (BoP, current US$) $105,277,588,652 (2018)
Commercial Service Exports (current US$) $337,142,150,590 (2018)
Click on a row to display its 5-year graph on the right.

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.

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

Sources

  1. The World Bank