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.
Gross domestic product (GDP)
$3.4 trillion (2013)
Top 5 Imports
Top 5 exports
Top 3 Trading Partners
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
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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