economy of germany


What is the real GDP of Germany?

  • The GDP value of Germany represents 3.40 percent of the world economy. GDP in Germany averaged 2052.31 USD Billion from 1970 until 2020, reaching an all time high of 3975.35 USD Billion in 2018 and a record low of 215.84 USD Billion in 1970.

Why is the German economy so strong?

  • This is true, but it is an incomplete picture. A main reason that Germany’s economy is so strong is that it has a large middle class. The German educational system promotes equality and prepares individuals for middle-class jobs that are in demand.

What is the current economy of Germany?

  • The economy of the country is based on a social market economy. The country has one of the most skilled workforces in Europe especially in its major industries including car manufacture, machinery, household equipment and chemicals.
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