Germany's economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same time period and had a smaller economy than Italy in the late 1980s.
The important role of industry
In Germany the share of industry in gross value added is 26.6 per cent, making it the highest among the G7 countries. The strongest sectors are vehicle construction, electrical industry, engineering and chemical industry.
Germany is the fourth largest economy in the world after the United States, China and Japan and the largest economy in Europe.
World's fourth-largest economy and Europe's largest, Germany, has entered into recession after the country's GDP recorded its second quarterly contraction. The country's Gross Domestic Product (GDP) from January to March quarter fell by 0.3 per cent, data released by the Federal Statistical Office on Thursday showed.
Germany. Germany has the 4th largest GDP in the world. The total value of exports and imports is equal to 86.9% of GDP. Germany is a European nation with the biggest drivers of its economy being its service industries, including telecommunication, healthcare, and tourism.
In 2021, Luxembourg recorded the highest level of GDP per capita in the EU followed by Ireland, Denmark and the Netherlands. Bulgaria had the lowest level of GDP per capita in the EU in 2021, followed by Greece, Slovakia and Croatia.
Switzerland. Switzerland, officially called the Swiss Confederation, is a small country in Central Europe made up of 16,000 square miles of glacier-carved Alps, lakes and valleys. It's one of the world's wealthiest countries, and has been well-known for centuries for its neutrality.
Most of the country's exports are in engineering, especially machinery, automobiles, chemical goods and metals. Germany is a leading producer of wind turbines and solar-power technology. Annual trade fairs and congresses are held in cities throughout Germany.
German power rests primarily on the economy, healthcare, natural resources, education, and EU-NATO membership. However, it did not have a large military or land area that limited German power; these factors helped Germany become an important country today and a leader in most European countries.
Since Soviet dissolution, Germany has always had the largest economy in Europe, while either France or the UK has had the second largest economy depending on the year.
Australia has a highly developed market economy and one of the highest per capita incomes globally. Australia is a regional power, and has the world's thirteenth-highest military expenditure.
Due in part to the investment in man-made infrastructure like highways and rail networks along with natural transport networks like rivers, Northern Europe — defined here as France, Germany and the Netherlands — is considerably more developed and richer than Southern Europe.
The Grand Duchy of Luxembourg is the most prosperous nation on Earth when its GDP per capita of $140,694 is considered which is the highest on the planet in purchasing power parity terms.
A 2009 survey showed that support for EU membership was lowest in the United Kingdom (UK), Latvia, and Hungary. By 2016, the countries viewing the EU most unfavourably were the UK, Greece, France, and Spain.
Eurozone's Economy Outpaced China and U.S. in 2022.
The European Union has the second largest economy in the world, behind that of the United States. Trade within the Union accounts for more than one-third of the world total.
Credit Suisse found China's median wealth outpaced Europe's in its 2021 Global Wealth Report.
Germany is Europe's largest economy and the most populous country in the European Union. Famed for its technological achievements, it has also produced some of Europe's most celebrated composers, philosophers and poets.
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 19th in the list of the richest countries. Inflation in Germany in 2022 was around 6.87%.