Economy of Germany
Population: 82.93 M (2018)
GDP per Capita: 47,603 USD (2018)
3,948 B.

GDP USD

(2018)

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1,872 B.

EXPORTS USD

(2018)

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1,629 B.

IMPORTS USD

(2018)

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59.80 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.53 % (2018)
GDP of 2010 USD USD 3,937.20 B. (2018)
GDP Current USD USD 3,947.62 B. (2018)
GDP per Capita Current USD USD 47,603 (2018)
GDP per capita, PPP USD 45,936 (2018)
GDP per Capita, 2010 USD USD 47,478 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 19.90 % (2018)
Government Spending USD 785.66 B. (2018)
Government Debt % GDP 59.80 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 126.69 (2018)
Trade Openness 88.67 % (2018)
Exports of Goods and Services % GDP 47.42 % (2018)
Exports Goods & Services USD 1,871.81 B. (2018)
Exports Annual Growth 2.14 % (2018)
Imports as % GDP 41.25 % (2018)
Total Imports USD 1,628.58 B. (2018)
Foreign Direct Investment % GDP 2.67 % (2018)
Foreign Direct Investment USD 105.28 B. (2018)
Current Account Balance % GDP USD 7.34 % (2018)
Current Account Balance USD 289.90 B. (2018)
Trade Balance % GDP 6.16 % (2018)
Trade Balance USD 238.20 B. (2018)
Foreign Exchange Reserves incl Gold USD 198.03 B. (2018)
Remittances % GDP 0.46 % (2018)
Remittances USD 5 M. (2018)
Balance of Payments USD 25,910 M. (2017)

Labor Market

Indicator Value
Labor Force 43.23 M. (2019)
Unemployment Rate 3.20 % (2019)
Unemployment Rate Females 2.69 % (2019)
Unemployment Rate Males 3.34 % (2019)
Youth Unemployment (ages 15-24) 5.72 % (2019)
Labor Force Participation Rate 60.56 % (2019)
Labor Force (Percent Female) 46.32 % (2019)
Female Labor Force Participation Rate 55.27 % (2019)
Male Labor Force Participation Rate 66.07 % (2019)
Dependent People 54.04 % (2018)

Agriculture Sector

Indicator Value
Forest Area 32.70 % (2016)
Forest Area km² 114,210 km² (2016)
Agricultural Land 47.68 % (2016)
Agricultural Land km² 166,570 km² (2016)
Employment 1.25 % (2019)
Value added % GDP 0.77 % (2018)
Agriculture Value added USD 30.34 B. (2018)
Crop Production Index 98.50 (2016)
Precipitation 700 mm (2014)
Arable Land 34 % (2016)
Cereal Yield 7,270 kg/hectare (2017)
Food production index 108 (2016)
Rural Population 23 % (2018)
Fertilizer use of Arable Land 197 kg/hectare (2016)
Livestock Production Index 113 (2016)
Economy of Germany

According to the World Bank and its latest published data, the economy of the Germany presents a growth rate of 1.53 % (2018) to the previous year.

With a population that reaches 82.93 M (2018) and a gross domestic product of USD 3,947.62 B. (2018), it translates a Gross Domestic Product per Capita of USD 47,603 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Germany also has a workforce of 43.23 M. (2019) with an unemployment rate of 3.20 % (2019), where women represent 2.69 % (2019) and men 3.34 % (2019), the unemployment rate for young people between 15-24 years old stood at 5.72 % (2019). The total number of dependent people stands at 54.04 % (2018).

The central government spent 19.90 % (2018) of its gross domestic product that year, which in absolute terms is USD 785.66 B. (2018). Its consolidated public debt reached 59.80 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Germany exported USD 1,871.81 B. (2018), which represents 47.42 % (2018) of its gross domestic product, in that same sense its imports reached USD 1,628.58 B. (2018) with a direct foreign investment of USD 105.28 B. (2018).

Germany has a forest area of 114,210 km² (2016), which represents 32.70 % (2016) of its total area, an average rainfall of 700 mm (2014) per year and a population of 23 % (2018) living in rural areas. With a total area of 166,570 km² (2016) available for agriculture and 1.25 % (2019) of its employments, the agricultural sector contributes to the economy of the Germany about USD 30.34 B. (2018) (0.77 % (2018) of its GDP).