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By:
Marckie Roldan Tajo
BSEE-5
HISTORY
Germany before 1800 was heavily rural, with some
urban trade centres.
In 19th century it began the stage of rapid economic
growth and modernization, led by heavy industries.
By 1900 it became the largest economy of Europe.
West Germany became an economic miracle in the
1950s and 1960s with the help of Marshalls plan.
In Germany the industrial revolution began 100 years
ahead of Britain.
INTRODUCTION
Germany is the largest economy in Europe.
It is the forth largest economy in the world by
nominal GDP and the fifth largest by GDP(PPP).
The country is a founding member of the European
union and the Eurozone.
The socio-economic policy of Germany is based on
the concept social market economy.
German economy is the third most complex
economy according to economic complexity index.
SOME FACTS AND FIGURES
As of January 2015 the unemployment rate was 4.8%.
As of December 2014 the CPI rate was 0.6%.
Freedom from corruption is 78% and decreasing.
Nominal GDP is $3915 Trillion
GDP(PPP) is $3486 Trillion
GDP growth rate is 1.6%
GDP per capita is $48226(nominal) and $46896(PPP)
GDP by sector: agriculture 0.9%, industry 29.1%, service 70%.
Inflation is 0.5%
Labour force 43.93 million
Agriculture(2.4%), industry(29.7%), services(67.8%)
Average gross salary is EUR2977/ $4076 monthly.
BASIC ASPECTS OF GERMAN ECONOMY
INDUSTRIES
Of the world's 500 largest stock-market-listed companies measured by
revenue in 2010, the Fortune Global 500, 37 are headquartered in
Germany. Well-known global brands are Mercedes-
Benz, BMW, SAP, Siemens,Volkswagen, Adidas, Audi, Allianz, Porsche,Bayer
, BASF, Bosch, and Nivea.
Germany is recognised for its specialised small and medium enterprises.
Around 1000 of this companies are global market leaders in their
segments.
Germany excels in production of automobiles, machinery, chemicals and
electrical equipments. With the production of 5.2 million automobiles in
2009, Germany was the forth largest producer and of automobiles.
SERVICE SECTOR
In 2008 services constituted 70% of gross domestic
product (GDP), and the sector employed 67.5% of
the workforce.
The subcomponents of services are financial, renting,
and business activities (30.5%); trade, hotels and
restaurants, and transport (18%); and other service
activities (21.7%).
Germans were the first to bring insurance policies.
Germany as an Export Nation
Germany is the third largest export economy in the world .
Germany is the largest exporter of automobiles in the world.
It is the largest capital exporter in the world.
In 2013 Germany exported $1.38T and imported $1.15T ,
resulting in positive trade balance of $237B.
The top exports of Germany are Cars ($152B), Vehicle
Parts ($58.7B),Packaged Medicaments ($50.9B), Planes,
Helicopters, and/or Spacecraft($32.6B) and Petroleum
Gas ($24.2B).
EDUCATION