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For years afterward, Germany balanced its budget or even ran small surpluses as the economy lived large on cheap Russian natural gas and booming exports of luxury cars and industrial machinery ...
A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money.
The federal budget for 2021 is €369.3 billion. [11] With total government spending of €1.76 trillion in 2021, the federal budget comprises only a fraction of total public sector spending in Germany. [12] Germany's budget for the 2005 fiscal year can be found below, which also outlines the basic budget structure.
Germany's current account surplus remained the world's largest last year despite trade tensions, the Ifo economic institute said on Monday, in an estimate likely to renew criticism of Chancellor ...
German gross domestic product (GDP) rose 0.3% in the second quarter of 2012, following a 0.5% increase in the previous quarter, according to data from the Federal Statistics Office. This result ...
Germany: −3.4 Jun 2023 quarterly Greece: −1.3 Dec 2018 monthly Hungary: −8.2 Jun 2023 quarterly Iceland: −1.5 Jun 2023 quarterly Ireland: 2.2 Jun 2023 quarterly Italy: −8.0 Jun 2023 quarterly Kazakhstan: −3.5 Jun 2023 quarterly Kosovo Kosovo: 0.5 Jun 2023 quarterly Latvia: −3.0 Jun 2023 quarterly Liechtenstein: 2.7 2021 [3]
Germany's intensifying budget crisis is hitting Europe's top economy where it hurts most: its reputation as a reliable partner for industry, some of which now fears that Berlin may not stand by ...
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 ...