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Germany – Important Facts

Germany is the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP). The country is a founding member of the European Union and the Eurozone. The economic model of Germany is based on the concept of the social market economy.

Germany is the largest consumer market in the European Union with a population of 80.6 million. Moreover, the significance of the German marketplace goes well beyond its borders. The government predicts 1.7 percent growth for 2016, above the 1.3 percent average of the last ten years, which would mean that the German economy continues to grow at or above what many analysts consider its long-term potential, although weakening growth in emerging economies began to weigh on German exports in 2015.

Facts:Federal Republic of Germany Capital: Berlin, Population: 82 million, Area: 357,027 sq km (137,849 sq miles), Major language: German, Major religion: Christianity, Life expectancy: 78 years (men) and 83 years (women), Currency: euro.

Important Details

  • Country ISO3:DEU
  • Country Code:276
  • Income Group:Europe & Central Asia
  • Lending Category:High income
  • Region:Not Available
  • Currency Unit:Euro (formerly Deutsche mark)
  • WTO Member:YES
  • Trade organisations:EU, WTO and OECD
  • world rank:17
  • Regional Ranking:8th in Europe