The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 3.6% of population in the country are unemployed. The total number of unemployed people in Germany is 2,962,564. Each year, Germany exports around $1493 billion and imports roughly $1233 billion. The Gini Index of the country is 27. Germany has a Human Development Index (HDI) of 0.911.The Global Peace Index (GPI) for Germany is 1.379. Germany has a government debt of 26% of the country’s Gross Domestic Product (GDP), as assessed in 2013. Germany is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are among the world’s largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, automobiles, food and beverages, shipbuilding, textiles.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Germany is $3,748,094 billion. Each year, consumers spend around $2,086,559 million. The ratio of consumer spending to GDP in Germany is 0%, and the ratio of consumer spending to the world consumer market is 4.85. The corporate tax in Germany is set at 30%. Personal income tax ranges from 14% to 45%, depending on your specific situation and income level. VAT in Germany is 19%.
