ECONOMY OF GERMANY

Germany is one of the most economically developed countries in the world. In the modern borders, Germany was formed in 1990 of the  twentieth century as a result of the unification of two states – the FRG and the GDR. Legally, this was formalized as the entry into the FRG of five lands recreated on the territory of the GDR and East Berlin. After the unification of the Western and Eastern parts of the country, the territory of the Federal Republic of Germany increased by 43% and amounts to 357 thousand square kilometers.

Ranking 12th in the world in terms of population, Germany in terms of GDP  is second only to the United States and Japan. In 2000, the  country’s GDP reached 1873.0 billion  dollars. Per capita accounted for almost $ 26,755  a year. Its largest partners in the European Union, Germany in terms of GDP production exceeds more than  one and a half times.

The leading role of the country in the European and world economy is determined by its industry, based on highly qualified labor and specializing in the production of high-quality expensive products.