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Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
Values are given in millions of United States dollars (USD) and have not been adjusted for inflation. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
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 ...
Inflation has declined sharply since the June 2022 peak, and the most recent available rate at the time he spoke, for November 2024, was 2.7% – a rate that, the Biden presidency aside, was ...
Inflation is pushing in different directions in Europe, rising in Germany and falling again in Spain, official figures said Thursday. German consumer prices jumped 6.8% in June from a year earlier ...
Germany has a social market economy characterised by a highly qualified labour force, a developed infrastructure, a large capital stock, a low level of corruption, [112] and a high level of innovation. [113] It has the largest national economy in Europe, the third largest by nominal GDP in the world, and ranked fifth by GDP (PPP) in 2023. [7]
German consumer price inflation, harmonised to compare with other European Union countries, rose by an annual 6.4% in August, preliminary data showed on Wednesday, edging lower from 6.5% in July ...
The European Union's GDP is estimated to be $19.40 trillion (nominal) in 2024 [7] or $28.04 trillion (PPP), representing around one-sixth of the global economy. [28] In 2023, Germany, France and Italy were the three largest economies in the European Union, accounting for approximately 53.1% of the EU's total GDP.