German's economy

Germany is considered one of the world largest economy and Europe number one economy. The country has flourished throughout globalized economy and have tremendous influence on Global economy. Germany is home to major companies such as Volkswagen, Metro, Allianz, and Deutsche Bank. During World War II, Germany had gone through a rigorous structural and economical adaptation. According to CIA World Factbook, Germany have one of the best telecommunication systems with nearly 400 public and privately owned television stations.

Furthermore, since the reunification of Germany, its economy become more prosperous. Germany’s economy is based on three major sectors such as agriculture, industry and service. Germany’s industry produce “ the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages, shipbuilding, textiles” according to CIA World factbook.

        Finally, Germany’s economy is one of the stable and powerful economies in the world. Germany annual Gross Domestic Product is nearly $3.167 trillion. It’s economy is “ the fifth largest economy in the world in PPP terms and Europe's largest- is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force” according to CIA World factbook.