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What type of economy is Germany?
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The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe , the third-largest by nominal GDP in the world, and fifth by GDP (PPP) . Due to a volatile currency exchange rate , Germany's GDP as measured in dollars fluctuates sharply.
- Economic history
It was only in the late 1980s that West Germany's economy...
- Germany
Germany has been described as a great power with a strong...
- Economic history
It was only in the late 1980s that West Germany's economy finally began to grow more rapidly. The growth rate for West German GDP rose to 3.7 percent in 1988 and 3.6 percent in 1989, the highest levels of the decade. The unemployment rate also fell to 7.6 percent in 1989, despite an influx of workers from abroad.
The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and fifth by GDP (PPP). Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply.
Germany has been described as a great power with a strong economy; it has the largest economy in Europe. As a global power in industrial, scientific and technological sectors, it is both the world's third-largest exporter and importer.
Germany is the largest economy in Europe and the fourth-largest in the world by nominal gross domestic product (GDP). In September 2011, the inflation rate in Germany was 2.5%. The unemployment rate of Germany was 5.5% as of October 2011.
Germany is a major exporter – but exports are not everything. Let us explain why Germany is a developed country, what type of economy Germany has and which factors make Germany’s economy so strong. One important role is played by German industry.
Nov 25, 2021 · Recovery of the German economy continues – GDP 1.1% below pre-crisis level. Press release No. 532 of 25 November 2021. Gross domestic product, 3rd quarter of 2021. 1.7% on the previous quarter (price-, seasonally and calendar-adjusted) 2.5% on the same quarter a year earlier (price-adjusted)
