German, note - Danish, Frisian, Sorbian, and Romani are official minority languages, Low German, Danish, North Frisian, Sater Frisian, Lower Sorbian
Economic Overview
Key economic indicators for Germany
GDP:
$5.295 trillion
GDP per Capita:
$63,600
GDP Growth:
-0.27%
Inflation:
5.95%
Unemployment:
3.05%
Public Debt:
63.9% of GDP
Credit Rating:
AAA (1983)
Political System
Governance structure of Germany
Government Type:
federal parliamentary republic
Head of State:
President Frank-Walter STEINMEIER (since 19 March 2017)
Head of Government:
Chancellor Olaf SCHOLZ (since 8 December 2021)
Judiciary:
Federal Court of Justice (court consists of 127 judges, including the court president, vice presidents, presiding judges, other judges and organized into 25 Senates subdivided into 12 civil panels, 5 criminal panels, and 8 special panels); Federal Constitutional Court or Bundesverfassungsgericht (consists of 2 Senates each subdivided into 3 chambers, each with a chairman and 8 members)
Administrative Divisions:
16 states (Laender, singular - Land); Baden-Wuerttemberg, Bayern (Bavaria), Berlin, Brandenburg, Bremen, Hamburg, Hessen (Hesse), Mecklenburg-Vorpommern (Mecklenburg-Western Pomerania), Niedersachsen (Lower Saxony), Nordrhein-Westfalen (North Rhine-Westphalia), Rheinland-Pfalz (Rhineland-Palatinate), Saarland, Sachsen (Saxony), Sachsen-Anhalt (Saxony-Anhalt), Schleswig-Holstein, Thueringen (Thuringia); note - Bayern, Sachsen, and Thueringen refer to themselves as free states (Freistaaten, singular - Freistaat), while Bremen calls itself a Free Hanseatic City (Freie Hansestadt) and Hamburg considers itself a Free and Hanseatic City (Freie und Hansestadt)
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
Yes
Diplomatic Presence:
4645 Reservoir Road NW, Washington, DC 20007
Major Alliances and Organizations
EUNATOOECD
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
0.8% (2023 est.)
Industry
26.8% (2023 est.)
Services
63.7% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$1.96 trillion
Imports:
$1.78 trillion
Major Trading Partners
USA 10
France 8
Netherlands 7
China 7
Italy 6
Economic Outlook
Germany has a -0.27% GDP growth rate with 5.95% inflation. The economy is characterized by a strong agriculture sector.