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National economy of Germany - industries, GDP and prosperity level

House - Haus - Casa Lemgo The Federal Republic of Germany is one of the most developed and prosperous countries in the world. Germany covers an area of ​​more than 357 square kilometers. The total population for 2016 was about 85 million people, of which more than a half were economically active. The urbanization of the population is quite high, 87% of the total number of residents live in cities and surrounding areas. Germany is considered to be the leading country in the European Union. Together with France and Great Britain, it forms the unique basis for the European economy. The economic potential in the country is quite high, but the economics is developing more slowly every year. Recently, Germany has taken up the process of establishing integration of world economic ties. At the same time, the country's political influence increased significantly.
1. Despite the high security level in the country, tourists may suffer from pickpockets. Credit cards, money, and documents are best stored in …
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Thanks to the fact that a three-tier budget system operates in Germany, one can clearly follow the development of the economy. The income tax in the country is progressive; it makes from 19 to 45%. VAT for today is 19%. The budget revenues for the past years were, in average, about $1.7 trillion; the country's expenditures are about 1.59 trillion dollars. The public debt of Germany is 61% of GDP. Despite the progressing indicators of the country's overall economy, unemployment has been rising in Germany since the beginning of the 21st century. This is especially evident in the eastern part of the country. This is largely due to the increase in social payments. The GDP per capita for 2010 is $ 37 432.
The infrastructure of the country is at the high level. The roads and railways cover all regions of the country; modern seaports are set in Hamburg and Bremen. Innovative developments and technologies are used in the transport sphere. The agrocomplex is also actively developing. Livestock significantly prevails over plant growing. The reason for this were resource-saving trends, which appeared for the first time back in 1980. The sectoral structure of the entire German economy is based on three main points. Agriculture accounts for less than one percent, and industry makes about 30%. The largest revenue to the country is brought by the services sector; it’s about 69%. Despite this, the very development of the service sector in Germany is slightly lower than in other developed countries. In particular, there are very few jobs in this sphere. On a global scale, Germany provides international financial and banking services. Tourism is well-developed too. Copyright
The Germans are very fond of children and strive to do everything so that they have a nice, colorful and amazing childhood. That is why a huge number …
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The land of Germany does not have a lot of valuable mineral resources. The entire mining industry is concentrated on the extraction of coal and potassium salt. On average, about 200 million tons of coal are mined in German basins per year. At the same time, mines are positioned as unprofitable and exist at the expense of state budget. The oil production in the country is extremely insignificant and does not significantly affect its economic state. The own gas production provides about 30% of the total consumption of raw materials. The largest potash mines are in Saxony and Hesse. Germany's manufacturing industry, to the date, is recognized as one of the leading in the world. A list of industries are considered to be competitive. These are automotive, electrical engineering, transport and general engineering, mechanics and precision optics, ferrous metallurgy, pharmaceutics, cosmetology, and perfumery.
Ribnitz-Damgarten The basis of Germany's modern economy is engineering. About 42% of the world printing equipment is produced in Germany. Also, 32% of the total market is occupied by German machines for the textile and metallurgical industries, 31% belongs to an equipment for plastic processing, and 22% is for turbines. More than one million people are engaged in electrical engineering while its quality is considered the world's leading. In Munich, the production of Siemens is concentrated. Its annual income is about 110 million dollars. In Stuttgart, the production assets of Robert Bosch company are set, which bring a profit of about 55 million dollars a year.
In Germany, the garland of victory in the number of stores belongs to two of the largest cities - Berlin and Munich. The superior boutiques with …
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The automotive industry is considered to be a real pride of the country. It is Germany that has been for many years in the top three of the world's leading automotive countries. Its volume is inferior only to the production of cars in Japan and the United States. Despite the fact that according to economic indicators in the automotive industry Germany is catching up with China, German cars deserve respect in the world. In Stuttgart, the country's largest automobile company Daimlerchrysler is located. Its annual income is about 200 million dollars. The assets of the world famous company Volkswagen are in Wolfsburg. The annual income of this company is $135 million. BMW is based in Munich; its annual income is slightly less and makes about 65 million dollars.
The consumer industry has been declining in recent years, due to a decrease in the sales market. The textile area in Germany is the Ruhr region. The main branches of the food industry are winemaking and brewing. At the same time, one third of the output goes for export. Germany ranks second in the world in terms of exports. The basis of the country's imports are oil and natural gas, as well as coal. The main trading partners of the country are the USA, France, and UK. Reliable trade relations are established with the countries of East Asia and Eastern Europe.
The luxury hotels in Germany, deserving attention of the most discerning traveler.
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One of the main economic problems of Germany is an insufficiently flexible labor market. Besides that, Germans do not work enough. On average, a citizen officially works out only 1 449 hours a year. This figure is significantly lower than in the entire EU area. Trade unions in the country are well-developed, which also shows a negative impact on the overall economy. Due to the excessive bureaucratic pressure, the country's economy loses not less than 52 billion euros a year. The eastern lands of Germany make a significant gap in the overall economy. Despite the impressive investment in the development of the territory, they remain unprofitable and depressive. On average, for 15 years the population of the Eastern Lands fell by 12%. An important problem for the country remains an increase in the average age of life and a decrease in the birth rate.
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Fantastic City Tours and Excursions in Germany

Uniques sights in Germany

Landungsbrucken Embankment

From the series “The Most Beautiful Waterfronts and Embankments”
Landungsbrucken Embankment is the real symbol of modern Hamburg. It was built at the place of the historic port district HafenCity. Some time ago this port was the biggest in the world. Its area was about 157 hectares. Nowadays Elba's coast is a marvellous place for the relaxation. There you can find a great number of entertainment venues, sightseeing, and monuments of the modern architecture. The atmosphere at the embankment is lively. Along with it a lot of historical buildings were saved. That's why tourists like to walk there.

At the embankment you can adore not only with the ancient houses but also with the colourful ships. The most unusual is the shop-lighthouses "LV 1". Several years ago, it was rebuilt in a hotel. Cap San Diego ship is the biggest among all ships that are fasted … Read all
All unique sightseeing Germany
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Saudi Arabia to Open 38 Hotels in Diriyah

Diriyah is one of the first mega projects in Saudi Arabia. Hotels and other infrastructure will start opening next year, and all works are expected to end in 2026. The first 18 restaurants in Bujairi Terrace will start operating already in early 2022. Read this


Germany by photo artists

Microeconomics of Germany cities - shopping

Those who expect to get top quality cosmetics and perfumes from Berlin, should go to Quartier department store. It houses a chic modern building with a black and white facade, which is illuminated after nightfall. This department store includes cosmetics and perfumery of famous brands such as Gucci, Yves Saint Laurent, Prada and Etro. Those who want to save money will be pleased to visit Last Season store, located on its first floor, where they can buy perfumes and cosmetics from last year's … Read more
Men will also easily find suitable places for shopping in Munich. They are recommended to visit HIRMER. This 5,500 square meter shopping center is also known as the biggest male shop in the world. Men can buy virtually anything in this giant shopping center – from a posh designer suit for the wedding to quality sports clothes for morning workouts. The choice of accessories is also nearly flawless. The shop’s staff can help to find matching accessories for the purchased clothes. Premium … Read more
Kaufhof is another attractive place. It offers clothes and footwear for all members of the family. You won't find many exclusive designer boutiques in this mall. Excellent grocery shops are its distinctive feature. They sell sweets and locally produced goods, which many tourists buy as presents to their loved ones. For exclusive things and accessories you can go to Jungfernstieg street. The most expensive and prestigious shops of the city are located there. They offer high-class casual … Read more
Not far from the railway station is German Souvenirs store, which also remains at the height of popularity with tourists. It sells traditional souvenirs with national symbols at very affordable prices. Here, you can buy excellent T-shirts for 3 euros, miniature models of Cologne Cathedral, magnets and calendars, as well as plenty of other interesting souvenirs. Cologne is a perfect place for lovers of sweets. Numerous historical confectionaries operate here. One of the most famous one is Hussel. … Read more
In the variety of souvenir shops in Düsseldorf, we can point out a store with the original name No. 4. In this huge store, souvenirs can be found for every taste and purse. There is a huge choice of traditional magnets, postcards and inexpensive T-shirts with symbols of the city for budget tourists. Yet, they sell wonderful beer mugs, whose price start at 40 euros. For the most wealthy buyers unique antiques are available here. One of the most popular shopping centers in Düsseldorf - … Read more
Travellers who like walking around stylish shopping centers should definitely visit Elbepark Dresden. 180 stores are presented in it. Customers are offered stylish clothing of European quality, accessories and jewelry, as well as cosmetics and perfumes. In the shopping center, such popular stores as C&A, Vero Moda, Mango, S.Oliver, Bonita and Mustang are located, there are also several specialized shops for children. It will be pleasant to visit the complex along with the whole family. It offers … Read more
For quality shoes go to Street One store. It is located near the railway station. This shop attracts customers with a wide range of goods and affordable prices. Ladies will be able to choose a pair of wonderful summer shoes for up to 15 euros, and for 20 euros you can choose nice boots. They sell shoes for all seasons. You'll be pleasantly surprised by a variety of models for both men and women. One of the largest and most popular shopping centers in the city is Karstadt. It is focused on a … Read more
When it comes to specific stores presented on the main shopping streets, Thomas Sabo is an outstanding one. It is one of the most famous jewelry stores in town where they sell chic jewelry at attractive prices. Weinmarkt is another woman-focused store that can be found in Perlenmarkt Bead Shop. Every customer can order the manufacture of custom jewelry according to their own sketch or purchase ready-made jewelry. Those who expect to renew their wardrobe while on vacation should head to … Read more

Germany: map of shopping spots

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