Germany is the industrial powerhouse and one of the largest exporter in Europe. It is the country whose economy alone has stopped the European countries to fall in recession. For more deatils please visit https://mygermany.com/.

1. Reasons Behind The
Strength of German
Economy - myGermany

2. Instructions for use
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Germany is the industrial powerhouse and one of the
largest exporter in Europe. It is the country whose
economy alone has stopped the European countries to
fall in recession. It is the only nation that has enough
funds to save Europe.

3. The important role of
industry
German Industry plays an important role to make it’s economy
strong. In gross value added, the share of industry is 22.9
percent. Therefore, Germany is the highest country in the G7
countries. Vehicle construction, engineering industry,
electrical industry, and chemical industry are the strongest
sectors in Germany.

4. High Exports
Germany is the 3rd largest exporting
country Along with China and the
USA. According to the data recorded
goods worth 1,278.9 billion Euros
were exported by Germany. Shipping
from Germany is quite easy and
affordable. Almost 40% was the
export quota from over 50% in
industry.
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5. “
Among all the G7 countries, Germany
is the most open economy. This is
concluded with the importance of
foreign trade of the gross domestic
product. In relation to the gross
domestic product, 84.4 percent is
foreign trade quota which you can
say is the sum of imports and
exports. If we start comparing it with
the USA, then their quota is 26.7
percent.
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6. High performing medium scale industries
The German economy is built with the high performance of
medium-sized enterprises. Medium-scale enterprises mean
the company with an annual turnover of fewer than 50
million euros and employees less than 500. This economic
sector holds 99.6 percent of German companies. Over 1000
companies in this sector are called hidden conquerors. It
means they are publically less popular in international
markets.
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7. Best trade fair
location
International trade fairs are organized
in Germany. It is the world’s primary
location for trade fairs. Over two-
thirds of the major international
industrial events take place in
Germany. Every year around 10 million
visitors attend about 150 global trade
fairs and exhibitions.
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8. Germany’s most important and strong economic
centers are metropolitan areas of Stuttgart (vehicle
construction), Frankfurt is Main (finance), Munich
(high tech), Rhine-Neckar (chemicals, IT) and
Hamburg (port, aircraft construction, media). The
strong startup regions are Berlin/Brandenburg.
Strong economic centers
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9. Good Employment Rate
Germany is on its way to achieve full employment
targets. In 2018, people who were unemployed
were 2.2 million. Germany’s largest employers
are Robert Bosch (402000), Deutsche Post
(519,000), Siemens (372,000), Schwarz-Gruppe
(retail, 400,000) and Volkswagen is the one to
generate maximum employment opportunities.
Around 642,000 employees worldwide.
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10. Labour Reforms
▪ Labor reforms are another factor that helps the German
economy to get stronger. To make Germany a strong economy,
employment protection legislation and a degree of trust took an
initiative to build a close relationship with labor unions so that
they can push them for moderation in wage inflation. These
reforms lead to the formation of a stable and flexible labor
market.
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11. Good
Employment
Rate
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12. Relationship With
Education
▪ The German education system is the major reason
behind the strength of the German economy. Mr.
Woergoetter calls a societal preference in which
they allow children to spend time with their families
that’s why they finish school before lunchtime.
▪
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With all of these important factors, one another factor
that can be included is German shipping companies like
myGermany.com. This company delivers products to your
doorstep worldwide from Germany. All that you need to do
is order your product at the German shipping address and
they will provide your package to you at affordable prices.

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Address
Nordstrasse 5, 99427 Weimar,
Germany
Phone number
+491624352081
For more details Visit
https://mygermany.com/

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Thanks!
Any questions?
You can find me at:
▪ @ info@mygermany.com

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