Germany service sector
CASE STUDY
The Service Sector of Germany
I. Table of Contents
II. Abstract
III. Introduction Germany has the largest population in the European Union with 84.5 inhabitants in January, 2010. The prosperous German economy attracts millions of immigrants from around the world as it is the third largest country in terms of immigration. Germany is bordered by Poland, Czech Republic, Austria, Switzerland, France and Netherland. The land area is around 357,021 square kilometers and has maintained a high standard of living. Germany is known for its well established social security system which stems from the flourishing German economy. In the world, the German economy ranks 4th in terms of nominal GDP and 5th in terms of purchasing power. Germany is the world’s second largest trader both in terms of imports and exports. Germany is also the hub of global scientific and technological developments. Germany is the largest economy in the European Union. It benefits from a large pool of talented work force that has enabled Germany to dominate the vehicles, machinery, chemicals and household equipment vertical across the globe. It is this strong and productive work force that enabled Germany to face recession with a resilient face and the Germany economy could manage to have a GDP (purchasing power parity) of $2.182 trillion in 2009. Germany is one of the most highly developed industrial nations in the world and third largest national economy after the USA and Japan. In 2000, Germany’s Gross Domestic Product (GDP) totaled EUR 2.42 trillion, which translates into per-capita GDP of EUR 29,455. This figure can be attributed primarily to foreign trade. With an export volume of EUR 969 billion or one-third of GDP in 2007, Germany is the biggest exporter of goods worldwide, and as such is considered to be the “export world champion”, more of a global player than
The Service Sector of Germany
I. Table of Contents
II. Abstract
III. Introduction Germany has the largest population in the European Union with 84.5 inhabitants in January, 2010. The prosperous German economy attracts millions of immigrants from around the world as it is the third largest country in terms of immigration. Germany is bordered by Poland, Czech Republic, Austria, Switzerland, France and Netherland. The land area is around 357,021 square kilometers and has maintained a high standard of living. Germany is known for its well established social security system which stems from the flourishing German economy. In the world, the German economy ranks 4th in terms of nominal GDP and 5th in terms of purchasing power. Germany is the world’s second largest trader both in terms of imports and exports. Germany is also the hub of global scientific and technological developments. Germany is the largest economy in the European Union. It benefits from a large pool of talented work force that has enabled Germany to dominate the vehicles, machinery, chemicals and household equipment vertical across the globe. It is this strong and productive work force that enabled Germany to face recession with a resilient face and the Germany economy could manage to have a GDP (purchasing power parity) of $2.182 trillion in 2009. Germany is one of the most highly developed industrial nations in the world and third largest national economy after the USA and Japan. In 2000, Germany’s Gross Domestic Product (GDP) totaled EUR 2.42 trillion, which translates into per-capita GDP of EUR 29,455. This figure can be attributed primarily to foreign trade. With an export volume of EUR 969 billion or one-third of GDP in 2007, Germany is the biggest exporter of goods worldwide, and as such is considered to be the “export world champion”, more of a global player than