Brief Look into the German Economy

German economy is one of the strongest in the world after United States, China and Japan. It is in fact the largest economy in the continent of Europe.

It is quite astonishing that this country has overpowered both the United Kingdom and France in terms of financial position even after having lot of political problems within the country. The economy of Germany is a mixed economy just like any other country in the Europe.

The best thing about Germany is that it is the initiator or in other words “driver” in the sense that whatever policies or reforms it has taken have invariably benefited the entire world in one way or the other.

Statistics:

If Germany economy has to be the largest economy in Europe then there has to be a reason and what more proof would you need other than statistics to prove that this country is indeed the largest economy in Europe.

The year 2009 was the year of financial debacles, but not for Germany. The German economy exported about 1.170 trillion dollars of products to other nations in this year. If you take a close look on the amount exported you will find out that it was the second largest after United States. The GDP at the end of year 2008 was about 3.673 trillion dollars which reduced by a margin of 5% in the year 2009 (financial debacle).

Other Information:

The main contributors of Germany economy are the industrial and services sector. Services sector contributes about sixty nine percent of the total economy of Germany whereas the industrial sector has quite a larger contribution, contributing about 30.1%. A contribution of 30.1% means that this country is mainly concentrating on exporting industrial products like automobiles, machineries etc. Chemicals and textiles are also some of the other main exports of this country.