Economy of Germany
Economy of Germany

 3345     Rick Rodriguez   November 29, 2020

Germany is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Germany is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Germany exports around $1493 billion and imports roughly $1233 billion. 3.6% of population in the country are unemployed. The total number of unemployed people in Germany is 2,962,564. In Germany, 17% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Germany is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 4.5% of GDP.

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