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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
Germany has been called "the world's first major renewable energy economy". [41] [42] Germany has the world's second-largest gold reserve, with over 3,000 tonnes of gold. [43] Germany spends around 3.14% of GDP on advance research and development across various sectors of the economy. [44] [45] It is also the world's second-largest high ...
The economy of Berlin is dominated by the service sector, with around 84% of all companies doing business in services. Important economic sectors in Berlin include life sciences, transportation, information and communication technologies, media and music , advertising and design, biotechnology, environmental services, construction, e-commerce ...
The situation has prompted some observers to label Germany the “sick man of Europe” once again, 25 years after it earned that title during the late 1990s and early 2000s — a period that was ...
Economy of Germany Germany was the third largest exporter in 2017. In absolute terms, Germany allocates the second biggest annual budget of development aid in the world, [4] while its military expenditure ranked sixth. [5] The country has developed a high standard of living and established a comprehensive system of social security.
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Last year, Germany was the only major economy to shrink by 0.3% despite slowing inflation. It has stagnated into the current year, staggering “between hope and despair,” ING Bank said.
In the wake of the 2007 financial crisis Germany's stock of gross financial assets increased significantly, turning it into the second largest stock among OECD countries after the US. [1] Yet research has shown that the more that the government owns of an enterprise, the more extreme the level of tax avoidance.