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The rapid advance to industrial maturity led to a drastic shift in Germany's economic situation – from a rural economy into a major exporter of finished goods. The ratio of the finished product to total exports jumped from 38% in 1872 to 63% in 1912. By 1913 Germany had come to dominate all the European markets.
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 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 ...
As Chinese EVs like BYD swarm Europe’s key markets, historic examples of deindustrialization pose a warning to the continent’s carmakers Ryan Hogg April 10, 2024 at 1:00 AM
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 ...
Rank Metropolitan Area GDP (€ Million) (2021) Population (2022) [3] GDP per capita (€) 1 Rhine-Ruhr Metropolitan Region: 536,431 13,000,000 41,264
This is a ranked list of the ten largest trading partners of Germany in 2019, based on data from the Federal Statistical Office of Germany (Destatis). [1] In 2016, China became Germany's largest trading partner and has retained that spot for the years since then (2016, 2017, 2018, 2019).
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.