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 (2019): China, United States, and France
Top 3 Exported Goods (2019): 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) $4,678,568,424,936 (2019)
GDP Growth Rate (annual %) 0.555% (2019)
GDP Per Capita, PPP (current international) $56,278 (2019)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 5/196 (2019)

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 %) 1.446% (2019)
External debt stocks, total (DOD, current US$) $466,463,000 (2011)
Total tax rate (% of commercial profits) 48.8% (2019)
Real Interest Rate (5 year average %) 4.345% (2016)
Manufacturing, value added (% of GDP) 19.112% (2019)
Current Account Balance (BoP, current US$) $273,136,989,476 (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 43,506,216 (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 3.025% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $1,586,775,634,957 (2019)
Exports of goods and services (current US$) $1,810,593,293,176 (2019)
Total Merchandise Trade (% of GDP) 0% (2019)
FDI, net inflows (BoP, current US$) $72,211,216,446 (2019)
Commercial Service Exports (current US$) $340,969,952,782 (2019)
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