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The economy of Germany is a highly developed social market economy. [24] It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and the sixth-largest by PPP-adjusted GDP.
Germany is a member of NATO, the OECD, the G7, the G20, the World Bank and the IMF. It has played an influential role in the European Union since its inception and has maintained a strong alliance with France and all neighbouring countries since 1990. Germany promotes the creation of a more unified European political, economic and security ...
Germany invested over 2 trillion marks in the rehabilitation of the former East Germany, helping it to transition to a market economy and cleaning up the environmental degradation. By 2011 the results were mixed, with slow economic development in the East, in sharp contrast to the rapid economic growth in both west and southern Germany.
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.
Germany is stuck in a period of economic weakness but central bank interest rates need to come down only gradually to make sure inflationary pressures are fully extinguished, Bundesbank President ...
Statistics show that Germany's east has done fairly well in catching up with the wealthier west over the past decade but that success has done little to dispel economic pessimism that has helped ...
The German economic crisis is a significant downturn of Germany's economy that marked a dramatic reversal of its previous "labour market miracle" period of 2005–2019. The country, which had been considered to be Europe's economic powerhouse in prior decades, became the worst-performing major economy globally in 2023 with a 0.3% contraction, followed by minimal growth in 2024 leaning on ...
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