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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 leading to ...
The services sector represented 70% of Germany's gross domestic product last year, against 78% in France, 72% in Italy and 75% in Spain, according to Eurostat data.
The initial design for the main hall, known as "the monster" to construction workers, called for a single exhaust system. Revised plans called for multiple systems controlled by 90 km (56 mi) of wiring. By 19 May 2014 Siemens had not yet designed the wire harnesses. [44] These problems are forcing the initial construction budget to skyrocket. [10]
Germany is a founding member of the European Union and the eurozone. [27] [28] In 2016, Germany recorded the highest trade surplus in the world, worth $310 billion. [29] This economic result made it the biggest capital exporter globally. [30] Germany is one of the largest exporters globally with $1.81 trillion worth of goods and services ...
Germany * 1 28 71 2021 Ghana * 39 19 41 2021 Gibraltar * N/A 40 60 2001 Greece * 11 15 73 2021 Greenland * 4.9 31.90% 63.2 2007 est. Grenada * 24 14 62 1999 est. Guam * 0 14 86 2021 Guatemala * 29 22 49 2021 Guinea * 59 7 34 2021 Guinea-Bissau * 50 10 39 2021 Guyana * 13 25 62 2021 Haiti * 46 12 42 2021
Previously, Germany had minimum wages only in specific sectors, negotiated by trade unions, and some were below the minimum wage level introduced in 2015. [1] The initial minimum wage was 8.50 euros per hour, pre-tax. Since then, Germany's Minimum Wage Commission (Mindestlohnkommission) regularly proposes adjustments to the minimum wage level ...
Berlin became Germany’s main rail hub and a center of locomotive manufacturing. The city became a leader in the manufacture of other kinds of machinery as well, and developed an important chemical industry sector. Toward the end of the 19th century, Berlin became a world leader in the then cutting-edge sector of electrical equipment ...
Deutsches Institut für Bautechnik (DIBt) is a technical authority in the construction sector. [1] The Institute carries out its activities on the basis of an agreement concluded between the Federation and the German federal states (Länder). Its most important task is the approval of non-regulated construction products and construction techniques.