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Different countries by labour productivity (GDP per working hour) in 2019 International dollar according to Our World in Data: [ 1 ] Ireland. Norway. Switzerland. Luxembourg. Denmark. United States. Netherlands. Germany.
The economy of Germany is the largest manufacturing economy in Europe, and it is less likely to be affected by a financial downturn. [35] Germany conducts applied research with practical industrial value and sees itself as a bridge between the latest university insights and industry-specific product and process improvements.
Industrialization in Germany was the phase of the breakthrough of industrialization in Germany, beginning at the time from around 1815 to 1835. [1][2] This period was preceded by the periods of pre-industrialization and early industrialization. In general, the decades between the 1830s and 1873 are considered the phase of industrial take off.
It was only in the late 1980s that West Germany's economy finally began to grow more rapidly. The growth rate for West German GDP rose to 3.7 percent in 1988 and 3.6 percent in 1989, the highest levels of the decade. The unemployment rate also fell to 7.6 percent in 1989, despite an influx of workers from abroad.
The automotive industry in Germany, is one of the largest employers in the world, with a labor force of over 857,336 (2016) working in the industry. Being home to the modern car, the German automobile industry is regarded as one of the most competitive and innovative in the world, [1] and has the third-highest car production in the world, [2 ...
The Manufacturers Alliance for Productivity & Innovation (MAPI) (formerly the Machinery and Allied Products Institute) is a non-profit manufacturing leadership network that offers benchmarking, professional development, and research services. Member companies are executives in medium and large global manufacturers such as Caterpillar, Ingersoll ...
Siemens is the largest industrial manufacturing company in Europe, [7] and holds the position of global market leader in industrial automation and industrial software. [8] The origins of the conglomerate can be traced back to 1847 to the Telegraphen Bau-Anstalt von Siemens & Halske established in Berlin by Werner von Siemens and Johann Georg ...
The economy of the German Democratic Republic (East Germany; GDR, DDR) was a command economy following the model of the Soviet Union based on the principles of Marxism-Leninism. Sharing many characteristics with fellow COMECON member states — the East German economy stood in stark contrast to the market and mixed economies of Western Europe ...