Question

What is Germanys GDP?

Has Germanys GDP grown or declined over the five years?

What is the GDP/Capita of Germany?

Has this grown or declined over the past five years (line graph)?

Compare GDP/GDP growth rate/GDP per capita of Germany with that of the US?

What conclusion can you draw from this observation?

Answer 1

What is Germanys GDP?
The Gross Domestic Product (GDP) in Germany is valued at US $3677.44 billion in year 2017. Germany’s GDP value represents 5.93% of world economy.

Has Germanys GDP grown or declined over the five years?
Germany’s GDP has seen growth and decline both in the past 5 years. In 2012, it grossed an overall GDP of US $ 3543.98 billion. It averaged at US $3752.51 billion in the year 2013 and touched an all time high of US $3890.61 in the year 2014. There was a huge decline in the year 2015 with GDP declining to US $3375.61 billion. It has shown a marginal rise to US $3477.80 billion in the year 2016 and again saw an increase in the year 2017 at US $3677.44 billion.

What is the GDP/Capita of Germany?
The GDP/Capita of Germany in the year 2017 was recorded at US $46747.19 which is an all time high

Has this grown or declined over the past five years (line graph)?

Germany’s GDP/Capita has seen a constant increase since the past 5 years. In 2012, it was worth US $ 44259.26, which increased to US $44354.75 in 2013 and increased to US $ 45022.57 in 2014. In the years 2015 it increased to US $45412.56 and US $45923.01 in 2016 and recorded an all time high of US $ 46747.19 in year 2017

What conclusion can you draw from this observation?

Germany’s economy is highly developed and is the largest European economy. It holds the fourth largest economy position by nominal GDP and fifth largest economy by GDP. As per the International Monetary Fund (IMF) Germany accounted for 18% of Euro area economy. It recorded highest trade surplus in the world which was for US $310 billion in the year 2016. It is third largest exporter in the world with goods and services worth US $1.27 trillion exported in 2016. This makes Germany an economically prosperous country
Despite Germany being a prosperous country; its future is threatened due to decline in the birth rate. The birth rate in Germany is the lowest in the world and higher education is responsible for this low fertility rate. This will result in reduced number of workers in the coming years as the old population will grow but the younger population will not be in ample number to take over the current economic growth further.