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Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but it is among the world´s top 4 since 1960. [25] In 2017, the country accounted for 28% of the Euro area economy according to the International Monetary Fund (IMF). [26] Germany is a founding member of the European Union and the eurozone. [27] [28]
City State GDP (bil. €) GDP per capita GDP per worker Berlin Berlin 165.457 45,074 79,182 Hamburg Hamburg 130.873 70,620 101,308 Munich Bavaria 128.752 86,529 112,284
Germany: 94.4: 90.9: 2022 ... GDP per hour worked 1970–2022 (2015=100) Country 1970 1980 1990 2000 2010 2015 2020 2022
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [1] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
GDP comparisons using PPP are arguably more useful than those using nominal GDP when assessing the domestic market of a state because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates, which may distort the real differences in per capita ...
In the fourth quarter of 2023, Germany's GDP surpassed Japan's, and is now the third largest economy in the world after the United States and China. Germany is the largest economy in Europe and is the third largest export nation in the world. [137] [138]