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 | |
---|---|---|---|---|
GDP | 3,846.41 bn USD | 46,208.43 USD | 15,291.93 tn USD | 29,692.11 USD |
Gross national product | 3,951.94 bn USD | 47,476.11 USD | 15,330.84 tn USD | 29,767.66 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 debt | 2,643.43 bn USD | 31,756.50 USD | 13,783.28 tn USD | 26,762.78 USD |
Budget deficit | 165.90 bn USD | 1,993.02 USD | 1,053.73 bn USD | 2,046.02 USD |
› Debt budget development
› Development of inflation
› Corruption in Germany
› Cost of living in a global comparison
› Development of inflation
› Corruption in Germany
› Cost of living in a global comparison
Im- and Exports 2020
Germany Total | Germany per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 1,450.32 bn USD | 17,423.23 USD | 7,340.01 bn USD | 14,251.98 USD |
Exports | 1,671.82 bn USD | 20,084.24 USD | 7,939.04 bn USD | 15,415.11 USD |
Development of imports and exports in billion US dollars 1971 - 2020
Exports
Imports