The Germany is highly developed economy in the world. It is largest and highly growing national economy in Europe, fourth by nominal GDP and fifth by purchasing power parity. In 2017 Germany recognized as one of the largest exporter of products and services in the world. The service sector contribute about 70% of total GDP, agriculture 0.9% and industry 29.1%. Top ten exports of Germany includes machinery, vehicles, chemical goods, electrical equipment, electronic products, basic metals, transport equipment’s, pharmaceutical, rubber, plastic and food products. Germany is one of largest manufacturing economy in Europe, and is less likely to be affected by economic downtown.
According to data collected by World Bank and Trading Economic in 2019, GDP of Germany was worth of 4040 billion US Dollar. GDP of Germany contributes 3.3% to the world economy annually. If we rank countries according to their GDP per capita, Germany is well positioned in term of its population and standard of living. Germany was ranked 18th out of 196 countries whose GDP was published in 2019.