Economy of Germany

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Germany has a social market economy. As the largest economy in Europe by nominal GDP, Germany's highly developed economy is the third-largest by nominal GDP in the world, as well as the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but has ranked among the world's top four since 1960. In 2025, Germany accounted for 23.7% of the economy in the eurozone, with which it has achieved a high degree of economic integration. With a population of around 83,000,000 people, Germany represents the largest consumer market in the European Union. It is a founding member of both the European Union and the Eurozone. Germany is the third-largest exporter globally, with $1.66 trillion worth of goods and services exported in 2024. In 2024, Germany recorded a trade surplus of $255 billion, ranking 2nd worldwide. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports account...

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