| Web Site Tools |
|
|
|
|
| Company Info |
|
|
|
|
|
|
|
|
| Industry Info |
|
|
|
|
|
|
| Foods For Trade |
|
|
|
|
|
|
|
|
| Other Links |
|
|
|
|
|
|
|
|
|
|
Germany
| Economy Overview |
| Germany's affluent and technologically powerful economy - the fifth largest in the world - has become one of the slowest growing economies in the euro zone. A quick turnaround is not in the offing in the foreseeable future. Growth in 2001-03 fell short of 1%, rising to 1.7% in 2004. The modernization and integration of the eastern German economy continues to be a costly long-term process, with annual transfers from west to east amounting to roughly $70 billion. Germany's aging population, combined with high unemployment, has pushed social security outlays to a level exceeding contributions from workers. Structural rigidities in the labor market - including strict regulations on laying off workers and the setting of wages on a national basis - have made unemployment a chronic problem. Corporate restructuring and growing capital markets are setting the foundations that could allow Germany to meet the long-term challenges of European economic integration and globalization, particularly if labor market rigidities are further addressed. In the short run, however, the fall in government revenues and the rise in expenditures have raised the deficit above the EU's 3% debt limit. |
 |
| Economy Statistics |
| Exports: |
$893.3 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
|
Export
Commodities: |
machinery, vehicles, chemicals, metals and manufactures, foodstuffs, textiles [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
|
Export
Partners: |
France 10.3%, US 8.8%, UK 8.3%, Italy 7.2%, Netherlands 6.2%, Belgium 5.6%, Austria 5.4%, Spain 5% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
|
| Imports: |
$716.7 billion f.o.b. (2004 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
|
Import
Commodities: |
machinery, vehicles, chemicals, foodstuffs, textiles, metals [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
|
Import
Partners: |
France 9%, Netherlands 8.3%, US 7%, Italy 6.1%, UK 5.9%, China 5.6%, Belgium 4.9%, Austria 4.2% (2004) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
|
|
|
|
| American Chamber of Commerce in Germany |
| Address: |
Rossmarkt 12
60311 Frankfurt am Main |
| Phone: |
+49 69 92 91 04 - 0 |
| Fax: |
+49 69 92 91 04 - 11 |
| Website: |
http://www.amcham.de/ |
|
|
|
|
