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How powerful is Germany economy? Analysis + strength score

The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP). Germany is also one the founders of the European Union and the Eurozone and has one of the most skilled workforces in Europe especially in its major industries including car manufacture, machinery and household equipment. Germany recorded the highest trade surplus in the world worth $310 billion, making it the biggest capital exporter globally. The german economy is based on the social market system which guarantees health protection, unemployment and disability compensation, maternity and child-care provisions, job retraining and pensions. But Germany’s economy is faced with problems such as low population growth which eventually affects the size of the labor force as well as increase government spending on healthcare for the aged and pension facilities and other problems such as low investments levels and low economic growth. ⭐️ Official Website ➡️ https://economychannelec.wordpress.com/ Follow the Economics Channel also on: Instagram:   / economics_channel   Facebook:   / economy-channel-101081771584056   Twitter:   / channeleconomy   Reddit:   / economychannel   Telegram: @Economy Channel01 Beginner guide to the main economic indicators: GDP: is probably the most important economic indicator. It measures the market value of the total production of goods and services in a country in a period of time (usually one year). GDP Nominal: Is the GDP at current market price, unadjusted for the effects of inflation. GDP PPP: is the GDP converted to US dollars using purchasing power parity rates. Purchasing power parity (PPP) is used to adjust the exchange rate differences among countries. GDP Per Capita: it is obtained by dividing the GDP with the population of the country. Public Debt (also Government Debt): is the debt of the state to the private sector of the economy (businesses, families, banks) or the Central Bank- Inflation: is a sustained increase in the general price level of goods and services in an economy over a period of time. Unemployment rate: is the number of unemployed people divided by the number of people in the labor force. GDP Growth: is the increase in the market value of the goods and services produced by an economy. Current Account Balance: includes all transactions with the rest of the world of a country (net trade balance in goods and services, net transfer payments, net foreign investments) in a period of time. This Economy Channel's series focuses on economic analysis and the assessment of economic strength. The EC Economic Strenght Score indicates the economic strength (not the welfare) of a particular country. Data source: IMF #germany #economy #GDP