2. About Germany
• Officially the Federal Republic of Germany
• The country consists of 16 states while the capital and largest city is Berlin.
• Covers area of 357,021 km2
• 81.8 million inhabitants
• Germany is in Western and Central Europe
• Borders Denmark in the north, Poland and the Czech Republic in the
east, Austria and Switzerland in the south, France and Luxembourg in the
south-west, and Belgium and the Netherlands in the north-west.
3. German Economy
• Largest economy in the European
Union
• Founding member of the European
Community in 1957, which became
the EU in 1993
• The world's 4th largest economy by
nominal GDP and the 5th
largest by purchasing power parity
(PPP)
• The 2nd largest exporter and third
largest importer of goods
• A very high standard of living and a
comprehensive system of social
security.
4.
5. German Economy (Cont.)
• Social market economy
• Highly qualified labor force
• A large capital stock
• A low level of corruption, and
• A high level of innovation
6.
7. Contribution of Various Sectors
towards GDP
• Service sector 71%, employed 67.5% of the workforce.
• Industry 28%, excels in the production
of automobiles, machinery, electrical equipment and chemicals.
• Agriculture 0.9%, the third largest agricultural producer in the European
Union after France and Italy
8. Subcomponents of Service Sector
• Financial, Renting, and Business activities (30.5%);
• Trade, Hotels and Restaurants, and Transport (18%)
• Other service activities (21.7%)
9. Various Services Industries
Construction industry
Wholesale and retail industry
Logistics industry
Consulting industry
Financial services
Hotel and catering industry
Real estate industry
Health services
Creative industry
Education
Public services.
12. Conclusion
• Service sector share is reducing and industrial sector is gaining importance
• The service sector is less export-intensive and more dependent on domestic
demand, which has been weak in Germany in the last few years.
