German Economy
Germany has a powerful technological economy. In 2003, Germany’s GNI per capita was $25,250. It is the twenty-third highest in the world in terms of per capita income: $38,860. The growth rate of GDP has declined annually since the early 1980s.
Germany had considerable economic success in rebuilding its economy after losing World War II. It is now the third largest economic power in the world, after the US and Japan. The fiscal and monetary policy adopted by the government was cautious. The idea was to make a social market economy. This idea demanded the economy to be governed by market forces, the state correcting the imperfections of marketing and helping the underprivileged. A lot of attention was paid to bank financing. Companies could focus on objectives on the long term.
German economy is split into two regions: West Germany and East Germany. In the east, economy is still quite weak. The unemployment rate is double than that in the west. After the unification of West and East Germany in 1990, Germany’s flourishing economy declined.
Manufacturing is an important sector for the German economy. Telecommunications is also becoming an important sector. The most important manufacturing industries are the chemical and the automotive industries. The share of manufacturing in GDP has become stable at 30%, while that of fishing, agriculture or forestry has kept falling, the lowest point being reached in 2002 according to statistics of the World Bank.
Agriculture has little importance for the economy as a whole and the steel-making sector has been declining. Agriculture employed less than 3% of the population in 2004, a decreased number compared to 4% in 1991. Still Germany manages to cover 90% of its nutritional necessities through its domestic production.
Exports account for over 1/3 of the national output, as Germany’s economy is mostly export-oriented. Germany exports mainly chemicals, vehicles, food, beer, machinery, textiles, electronics and metals and imports textiles, machinery, textiles and chemicals. Germany’s largest trade partner is France. The United States of America are the second largest trade partner. Germany imports from the US mostly data processing equipment and aircraft and exports in return motor vehicles, chemicals, machinery and electrical equipment.
The most important German energy resource is coal, although its extraction has diminished since 1989, due to the environmental policy. After United States, China, India and Japan, Germany is the fifth largest energy consumer in the world and the largest in Europe.
Question about economy
economy???what kind of economy do we live in today? realism/mercantalism economy nationalism, or economy libersalism, or marxism/ historical structure ?? please give one reason for your answer
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18 Responses
I'd say that the German economy is so strong becuase just like the Japanese, the Germans are very perfectionist when it comes to work. I'd have to do a research to answer your question in a more detailed manner, but something tells me that the one that is supposed to be doing the research is you. lol
good luck.
might cost you 500 euros, you need to change the lights at least
Gee wonder why Health Care still has’nt been solved.
Like I said USA will be owned by Foreign banks and then foreign Governments..trust me..Saudi Arabia alone owns our Fuel and second…China
decides to pull it’s wanted funds..It’s all over.
Same reason they let other spooks into all other jobs….EOE and so that Puppet can take the HEAT while the Presidents of past enjoy easy living and golf and other protected life styles –while we as US citizens suffer…
Big brother is doing everything he can to prop up a country built on a house of cards. Everyone knows that the US gov bought 1 trillion in mortgage backed securities…..RIGHT? How much of that paper is very very stinky? I would bet a lot. Also the funny money programs to prop up the stock market and put an artificial bottom on the housing market will have to end. Or maybe we can raise the debt limit to 20 trillion and kick the can down the road. This country has truly lost its mind. bleechhhy!
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why do u dumb asses think they let a person of colour in after all those years of whitey running the country. zTo be the fall guy coz if he doesnt fall they country will be taken over by either latios or negroids
Please watch my video. It’s about climate change, earth catastrophe and? our planet as we lives in.
Does climate change can affect economy growth?
watch?v=j7I_eFoIk64
If obama pussy ass nigger see Dalai lama these days,China will invite Bin laden for working together.USA’s army is worldwide.Only china and Russian can stop its power growing.Pussy ass nigger borrow money from china and doing gay shit to china..This pussy nigger wanna beef with China when he find hem some.China has 99 problems,USA aint one.China will fuck all Americans Life up with the Art of War by sun tze.China fucks USA back to the Middle age.
German beer production is a little over 1 Billion gallons. Assuming breweries sell at $8/gallon, then sales would be $8B or about 2/10 of 1% of German GDP.
Quite simply the conversion rate did not give German consumers the disposable income required to buy the more expensive mercedes brand.
It doesn't get any worse than Germany after WWI.
Yes and no.
The Germans have been smart enough to diversify where their factories are built. Many German factories are located in the United States, Brazil and other nations. To a certain extent this will help them. You would have to take a look at the overall net effect to decide.
I'd guess it is an overall negative, but not as drastically negative as one might think.
Take a look at German car manufacturing done in the Americas.
Ebenezer Scrooge.
Not good – French soldiers lived off the land, so during the fighting there was a lot of plundering for food and destruction of homes,fences and so on for firewood.Also,once Napoleon controlled these areas many men were conscripted for his campaigns, taking away workers from the land.
After the Treaty of Tilsit (1807) Prussia lost land to Saxony and the new Duchy of Warsaw,so this was bad for the Prussian economy.The Prussian government had to do what Napoleon said, so giving supplies and troops for the invasion of Russia (1812) further depleted their economy.
you are clearly retarded & should be banned from the interweb
Well, how about the rise of 400 € jobs? German government is praising itself that so and so many people are "taking a step into the right direction" by getting a part time job. The problem is that many employers split full jobs into 2 or 3 400€ jobs, saving big money. Its not only jobs like secretaries or cleaners or whatever, but it's regular jobs. By hiring three 400€ people, they not only save, in comparison to the one regular payment they would have to give a full-time position, but they also save on costs like insurance and unemployment insurance and other social benefits they would have to pay people who would earn more than 400€.
The people taking those jobs are happy to have found a job at all, mostly hoping that if they do a good job, they probably will get hired for a regular job later on. Unfortunately, as you can guess, 400€ is just about nothing. You can't pay anything for a month from that. So they either take on (illegally and unofficially) a second 400 € job, since if they did it officially, they would have to pay taxes on the second 400€, or they apply for "Sozialhilfe". "Sometimes" they do both.
Those people have trouble paying their rent, buying food ad so on, and just about make it through the month, yet the German companies complain the Germans are not buying enough of the goods actually manufactured in Germany (yeah, well, in the case of all those cars, all the parts are delivered to Germany from China and somewhere, and than they get assembled in Germany). With which kind of money, one might ask. The kind of money the companies are saving by outsourcing their plants into the cheaper east-european countries and to Asia, I guess, dumping thousands of workers in Germany into unemployment and than see above.
Also, sales tax and stuff is extremely high in Germany (19%on everything, save unprocessed foods like fruit and veggies in nature, and media like books and newspapers. For those things, sales tax is at 7%.). About 80% of what Germany pay for gas goes into taxes, and until a little while ago, you could only get a tax reduction if your commute to work was higher than 21 km one way. Thank G*d that changed.
They also started tuition fees for universities which are, with a couple of exceptions, about 500€ a year, plus insurance and bookkeeping fees. That is not much by US standards, but you have to see that money does not go to the school itself, it goes to the state, who than parts it down into how many students each school has studying in the allotted time-space for their degree, and than doles out the money to the schools again, keeping a hefty part of it for "administrative fees". Which would be alright, if they didn't charge you an additional 50€ per Semester simply for said "administrative fees". Now, most students need to earn money for their living, now they need even more money to pay those school fees. A system like in the US, with all those stipends and stuff is not available, and every German bank manager would laugh at you for asking him to give you a loan so he can study. Sure, an unemployed student wants a loan. U-hum, yeah, right.
Question is: how do those students earn money: By taking on small jobs. If they are lucky, they only need one, and if they are still more lucky, they get a job that has a little bit to do with whatever they study. Careful, though, many employers see a chance to save again. If you need the work experience for your studies, why not make an unpaid internship out of that job? People need to do it, anyway!
The generation of young professionals right now is called "generation internship" by German media.
So, if nobody gives the Germans work, and if they do, they don't give them money for it, than what money are they supposed to spend to help economy get better? German state officials say it gets better and they are giving us breaks, but with their history of inventing new taxes and raising the ones that exist during the last few years, and with the current situation, people save what they can.