• The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the third-largest by nominal GDP in the world...
  • Topics on this page
    • Is Germany’s economic power generated only by exports?
    • Is Germany’s economy innovative?
  • Economic Key Facts Germany. With a Gross Domestic Product (GDP) of 4.121 billion Euros in 2023, Germany is the third-largest economy in the world after...
    • Germany's Economic Growth Statistics
    • Type of Economy
    • German Chancellor Angela Merkel
  • Germany is among the founders of the European Union and the Eurozone. The economy of the country is based on a social market economy.
  • According to KPMG, “The German government’s assessment of the economic outlook for Germany is slightly better than at the beginning of the year.
  • As many as 1,500 of these hidden champions help power Germany’s economy. Since many are tucked away in the provinces, their contribution is sometimes...
  • Germany’s economy shrank by 0.1% qoq in Q2 of 2024, matching preliminary estimates while shifting from a 0.2% growth in Q1.
  • The German economy as it is known today is an outgrowth of the 1990 merger between the dominant economy of the Federal Republic of Germany (FRG...
  • Germany has a social market economy in which the state is broadly in charge, but has no direct involvement in matters such as wage and price setting.