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Germany has been called "the world's first major renewable energy economy". [41] [42] Germany has the world's second-largest gold reserve, with over 3,000 tonnes of gold. [43] Germany spends around 3.14% of GDP on advance research and development across various sectors of the economy. [44] [45] It is also the world's second-largest high ...
States GRDP (bil. EUR€) Germany 4,121.160 Bavaria 768.469 North Rhine-Westphalia 839.084 Baden-Württemberg 615.071 Lower Saxony 363.109 Hesse 351.139 Berlin 193.219
The economy of Berlin is dominated by the service sector, with around 84% of all companies doing business in services. Important economic sectors in Berlin include life sciences, transportation, information and communication technologies, media and music , advertising and design, biotechnology, environmental services, construction, e-commerce ...
The sector accounts for 4% of Germany’s economy, but it’s effectively 6% when factoring in the other companies in the supply chain. ... Vehicles remain the main driver of Germany’s exports ...
Germany’s economy contracted by 0.3% through 2023, fighting varying stages of stagnation and recession. Exports declined 4.6% in the year to December 2023, while imports declined more than 12% ...
Nominal GDP sector composition, 2015 (in millions of 2005 USD): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for.
Last year, Germany was the only major economy to shrink by 0.3% despite slowing inflation. It has stagnated into the current year, staggering “between hope and despair,” ING Bank said.
Based on the results, the World Bank announced that in 2021 Russia was the world's 4th largest economy (int$5.7 trillion and 3.8 percent of the world) and the largest economy in Europe and Central Asia when measured in PPP terms (15 percent of the regional total), followed by Germany (13 percent of the regional economy). [18]