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The economy of Germany is a highly developed social market economy. [21] 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
As of December 2023, Germany is the fourth largest economy...
- Germany
Germany has been described as a great power with a strong...
- Economic history
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.
As Germany has numerous economic actors, a high degree of coordination has been required to achieve adequate growth, balanced foreign trade, stable prices, and low unemployment.
Topics on this page. Is Germany’s economic power generated only by exports? Is industry important for Germany? Is Germany’s economy innovative? What role does Germany play in global trade? Is artificial intelligence important for the German economy? Does sustainability play a role in the German economy?
Nov 25, 2021 · At current prices, the GDP rose by 7.1% and the gross national income by 7.6% in the third quarter of 2021 compared with a year earlier. The difference from the price adjusted GDP can be explained mainly by large price increases, part of which are due to the lower value added tax rate in the third quarter of 2020.
