Germany – Fast Facts
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Germany comes under high-income OECD group economies as to the classification made by the World Bank on the basis of income and region for the year 2006.
Germany comes under high-income OECD group economies as to the classification made by the World Bank on the basis of income and region for the year 2006.
Germany is not only the largest economy in the European economy, but also one among the most developed and industrialized economies over the world. The economic system of the country is “Social Market Economy” structure. The services sector contributes a lot to the country’s GDP followed by the industrial sector. Presently the country is a member of the European Union, World Trade Organization and Organization for Economic Cooperation and Development.
Major agricultural products of the country are wheat, sugar beets, fruit, cattle and poultry.Important industries are iron and steel, coal, cement, chemicals and machinery. Germany has also major mineral deposits of lignite, coal, and copper.
