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Indicators of economy in Germany

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Germany, on the other hand, reached USD 51,204 per capita, or 4.260 trillion USD for the whole country. Germany is one of the world's largest economies and is currently at rank 4. If this is calculated per inhabitant, taking purchasing power parity into account, then Germany ranks 18th in the list of the richest countries.

Inflation in Germany in 2021 was around 3.14%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 7.7 percent lower.
The index for perceived corruption in the public sector is 80, which is above average by global standards.


Back to overview: Germany

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Germany in 2020 increased from 3.888 trillion US dollars to 3.890 trillion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 0.037 percent increase has been rather unusual this year. While most countries have suffered significant losses, Germany has certainly held its own. The unemployment rate rose from 3.1 to 3.8 percent. The country's gross debt increased by 15.4 percent. The inflation rate fell from 1.4 percent previously to 0.5 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Germany
Total
Germany
per capita
EU
Total
EU
per capita
GDP4.260 tn USD51,203.55 USD17.177 tn USD33,384.92 USD
Gross national product4.298 tn USD51,665.00 USD16.895 tn USD32,835.37 USD


Germany ranked 4th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. Out of the 2,000 largest listed companies in the world, 52 originate from Germany. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country in 2022 were:

Rank 25: Volkswagen Group (Wolfsburg)
Rank 35: Allianz (Munich)
Rank 41: Mercedes-Benz Group (Stuttgart)
Rank 64: BMW Group (Munich)
Rank 66: Deutsche Telekom (Bonn)
Rank 77: Siemens (Munich)
Rank 133: BASF (Ludwigshafen am Rhein)
Rank 156: Munich Re (Munich)
Rank 164: Deutsche Post (Bonn)
Rank 169: SAP (Walldorf)

Development of gross domestic product in billions of USD 1970 - 2021


Household debt and deficits 2020


 Germany
Total
Germany
per capita
EU
Total
EU
per capita
Gross debt2.643 tn USD31,773.46 USD15.068 tn USD29,285.70 USD
Budget deficit165.90 bn USD1,994.08 USD799.24 bn USD1,553.35 USD


Imports and Exports 2021

 Germany
Total
Germany
per capita
EU
Total
EU
per capita
Imports1.775 tn USD21,329.77 USD8.916 tn USD17,329.02 USD
Exports2.003 tn USD24,081.21 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1971 - 2021

Exports
Imports



Germany: AirportsLargest airports and airlines in GermanyThe 30 biggest airports and 8 airlines in Germany with further information and data with further information on airlines and destinations
Germany: Public HolidaysPublic holidays in Germany 2023-2027Statutory and inofficial holidays in Germany for 2023 to 2027
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