Germany Overview |
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STRENGTHS
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Economic Overview
The German economy - 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. Germany benefits from a highly skilled labor force, but, like its Western European neighbors, faces significant demographic challenges to sustained long-term growth. Low fertility rates and a large increase in net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms.
Characteristic |
Fact |
Terrain |
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Population |
79,903,481 (July 2021 est.) |
Terrain |
Value |
Percentage of English Spoken |
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Currency |
Euro |
Main Industries |
among the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, automobiles, food and beverages, shipbuilding, textiles |
Target Cities |
Berlin, Hamburg, Frankfurt, Cologne, Munich, Stuttgart, DussleDorf |
GDP Growth |
.59% (2019 est.) |
Government |
federal parliamentary republic |
Relevant History |
Value |
Urbinzation |
77.5% of total population (2020) |
Internet Connectivity |
89.74% (July 2018 est.) |
Credit Rating |
Aaa |
Travel Restriction |
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Exchange Rate to Dollars |
1.14 United States Dollar to 1 Euro |
Defense |
NATO Member |
ifo Business Climate |
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VAT Tax |
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Terrorism Threat |
Germany Background
