CIA GERMANY'S ECONOMY

Germany has one of the largest and most powerful national governments in Europe. It has a highly skilled labor force and can represented by a few of their well-known German based companies such a Volkswagen, Adidas, Audi, Porsche, Nivea, Mercedes Benz and BMW. Germany is recognized for having many companies leading in the global market. However, the average national unemployment rate is currently at 6.7%. Regardless, of the fact that German is a “leading exporter of machinery, vehicles, chemicals and household equipment”, Germany continues to face significant economic hardships because of demographic challenges, low fertility rates and declined immigration. In 2011, Germany's economy as measured by GDP produced $3.085 trillion. This makes it the sixth largest economy, after the European Union, the U.S., China, Japan, and India. Germany benefited from its membership in the EU, and its adoption of the euro. Many say Germany profited the most from its membership.