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Indicators of economy in Germany

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Germany reached 46.208 US dollars per inhabitant, or 3,846.41 bn US Dollar in 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 into account the purchasing power parity, then Germany is in the list of the world's richest countries in place 18.

Inflation in Germany was in 2021 at around 3.14%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 7.9% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Germany

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Germany in 2020 decreased moderatly from 3,888.33 billion US Dollar to 3,846.41 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 1.1% is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 3.1 to 3.8 percent. The country's gross debt increased by 15.4%. The inflation rate has fallen from 1.4 percent previously to 0.5 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Germany
Total
Germany
per capita
EU
Total
EU
per capita
GDP3,846.41 bn USD46,208.43 USD15,291.93 tn USD29,692.11 USD
Gross national product3,951.94 bn USD47,476.11 USD15,330.84 tn USD29,767.66 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. 54 of the 2000 largest listed companies in the world originate from Germany. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country were in 2021:

Rank 17: Volkswagen Group (Wolfsburg)
Rank 24: Allianz (Munich)
Rank 41: Daimler (Stuttgart)
Rank 44: Deutsche Telekom (Bonn)
Rank 61: BMW Group (Munich)
Rank 68: Siemens (Munich)
Rank 123: SAP (Walldorf)
Rank 130: Deutsche Post (Bonn)
Rank 145: Munich Re (Munich)
Rank 232: EMD Group (Darmstadt)

Development of the Gross domestic product in billion US Dollar 1970 - 2020


Household debt and deficits 2020


 Germany
Total
Germany
per capita
EU
Total
EU
per capita
Gross debt2,643.43 bn USD31,756.50 USD13,783.28 tn USD26,762.78 USD
Budget deficit165.90 bn USD1,993.02 USD1,053.73 bn USD2,046.02 USD


Im- and Exports 2020

 Germany
Total
Germany
per capita
EU
Total
EU
per capita
Imports1,450.32 bn USD17,423.23 USD7,340.01 bn USD14,251.98 USD
Exports1,671.82 bn USD20,084.24 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1971 - 2020

Exports
Imports



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