In 2022, Germany's gross domestic product (GDP) amounted to 3,867.05 billion euros. Germany is thus among the leading five countries in the world GDP ranking.
International standing
Germany’s economy is not only one of the largest worldwide, it is also the largest in Europe and predicted to be among the countries with the largest GDP by the year 2030. Additionally, Germany is among the 20 countries with the largest gross domestic product per capita, and it is one of the leading exporters and importers, only surpassed by China and the United States in both cases. Subsequently, it also reports one of the highest trade surpluses worldwide.
Employment
Germany’s national debt amounts to about 60 percent of GDP and is steadily decreasing. It also reports one of the lowest unemployment rates in the European Union. All signs seem to point to a very bright future for Germany’s economy. However, the country has been struggling with skilled labor shortages for a while and many companies are desperately looking for apprentices. This is partly due to very low population growth but also the rising unpopularity of apprenticeships.
Germany: Gross domestic product (GDP) from 2010 to 2022
(in billion euros)
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Statistisches Bundesamt. (February 24, 2023). Germany: Gross domestic product (GDP) from 2010 to 2022 (in billion euros) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/295444/germany-gross-domestic-product/
Statistisches Bundesamt. "Germany: Gross domestic product (GDP) from 2010 to 2022 (in billion euros)." Chart. February 24, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/295444/germany-gross-domestic-product/
Statistisches Bundesamt. (2023). Germany: Gross domestic product (GDP) from 2010 to 2022 (in billion euros). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/295444/germany-gross-domestic-product/
Statistisches Bundesamt. "Germany: Gross Domestic Product (Gdp) from 2010 to 2022 (in Billion Euros)." Statista, Statista Inc., 24 Feb 2023, https://www.statista.com/statistics/295444/germany-gross-domestic-product/
Statistisches Bundesamt, Germany: Gross domestic product (GDP) from 2010 to 2022 (in billion euros) Statista, https://www.statista.com/statistics/295444/germany-gross-domestic-product/ (last visited November 03, 2024)
Germany: Gross domestic product (GDP) from 2010 to 2022 (in billion euros) [Graph], Statistisches Bundesamt, February 24, 2023. [Online]. Available: https://www.statista.com/statistics/295444/germany-gross-domestic-product/