Business in Germany: economic snapshot February 2018 | finder.com

ECONOMIC SNAPSHOT
GERMANY

Internal perspective

The third-largest shareholder of the World Bank, Germany backs international efforts to establish worldwide peace, a stable global economy and renewable energy and environmentally friendly production. Experts forecast continued economic growth despite Germany’s generous refugee policy that could cost upward of $20 million to support.

Population

82,349,400 (2016)

Internet users

84% (2013)

Gross domestic product (GDP)

  • $3.4 trillion (2013)

Top 5 Imports

Top 5 exports

Languages

Top 3 Trading Partners

Top franchises

GDP growth rate (est.)

  • 1.69% in 2015
  • 1.6% in 2014
  • 0.3% in 2013

Trends and outlooks

  • Strong economy due to GDP growth due to government spending and strength of labor market
  • High consumer confidence
  • Highest unemployment rate since Germany’s unification

Economic challenges

  • Stablizing force for the Europe’s debt crisis
  • Facing pressure to limit any future Greek bailouts
  • Open-door refugee policy could strain economy

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