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History: old Germany
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History: Old Germany

Economy
Germany has a social market economy with a highly qualified labour force, a large capital stock, a low level of corruption, and a high level of innovation. It has the largest national economy in Europe, the fourth largest by nominal GDP in the world, and the fifth largest by PPP in 2009. The service sector contributes approximately 71% of the total GDP, industry 28%, and agriculture 0.9%. The average national unemployment rate in 2010 was about 7.5%. First estimates indicate a 3.6% increase in the price-adjusted GDP for 2010, following a 4.7% drop in 2009.
Germany is a founding member of the EU, the G8 and the G20, and was the world's largest exporter from 2003 to 2008. In 2009 it remained the second largest exporter and third largest importer of goods. Most of the country's exports are in engineering, especially machinery, automobiles, chemical goods and metals. Germany is a leading producer of wind turbines and solar-power technology. Annual trade fairs and congresses are held in cities throughout Germany.

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Album name:World & Travel
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Keywords:#history #old #germany
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Date added:Oct 26, 2011
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