Keyword Analysis & Research: germany economic status

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What type of economic system does Germany have?

The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe , the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP) . In 2017, the country accounted for 28% of the euro area economy according to the International Monetary Fund (IMF). [20]

What is the GDP of Germany?

Updated October 23, 2019. Germany's economy is expected to produce $4.2 trillion in 2019 as measured by nominal gross domestic product. The nation is the world's fourth-largest economy following the United States, China, and Japan. To compare GDP between countries, you must use purchasing power parity.

Why invest in the German economy?

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its western European neighbors, Germany faces significant demographic challenges to sustained long-term growth.

What will happen to the German economy in 2019?

Germany Economic Growth. Brexit mystery, slowing Chinese growth, U.S.-China trade tensions and a possible flare-up in U.S.-EU trade tensions all pose downside risks. FocusEconomics Consensus Forecast panelists expect the economy to expand 0.9% in 2019, which is unchanged from last month’s forecast, and 1.4% in 2020.

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