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Economy of Germany • Absender: ConfidusSolutions, 05.11.2021 20:31

Germany is considered a developed country. A nation's stage of development is determined by a number of factors, including economic prosperity, life expectancy, income equality, and quality of life. As an industrialized country, Germany is able to offer its citizens social services such as public education, health care and law enforcement. Citizens of developed countries enjoy a high standard of living and a longer life expectancy than citizens of developing countries. Germany exports around $ 1,493 billion and imports around $ 1,233 billion annually. 3.6% of the country's population are unemployed. The total number of unemployed in Germany is 2,962,564. In Germany, 17% of the population live below the poverty line. The proportion of citizens living below the poverty line in Germany is relatively high, but there is no reason to be completely concerned about investments. Potential financiers should look at other economic indicators, including GDP, rate of urbanization, and currency strength, before making any investment decisions. Government spending on education is 4.5% of GDP. The country's Gini index is 27. Germany experiences a high level of equality. The differences in income between citizens are only slight. Germany has a Human Development Index (HDI) of 0.911. Germany has a very high HDI value. This suggests that almost all citizens are able to lead a desirable life thanks to social and economic support; Citizens with a low standard of living receive help and support and have the opportunity to move forward in society. The Global Peace Index (GPI) for Germany is 1.379. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Germany is very safe in international comparison. The strength of the legal rights index for Germany is 6. Overall, it is considered to be rather sufficient - insolvency and security laws can at least adequately protect the rights of borrowers and lenders; Credit information is usually sufficient and generally available.

Currency
Germany's currency is the euro. There are several plural forms of the name "Euro". These are euros, euros. The symbol used for this currency is € and is abbreviated as EUR. The euro is divided into cents; there are 100 in one euro.

Credit rating
The index of the credit report for Germany is 8, which means that the information is usually sufficient and quite detailed; Accessibility is not a problem. According to the rating agency S&P, Germany has a credit rating of AAA and the prospects for this rating are stable. According to the rating agency Fitch, Germany has a credit rating of AAA and the prospects for this rating are stable. According to the rating agency Moody's, Germany has a credit rating of Aaa, and the outlook for this rating is stable.

Central bank
In Germany, the institution that administers the state's currency, money supply and interest rates is called the Deutsche Bundesbank. The local central bank of Germany is called Deutsche Bundesbank. The average deposit rate of the local banks in Germany is 2.65%.

National debt
Germany has a national debt of 26% of the country's gross domestic product (GDP) (as of 2013).

Tax information
The corporation tax in Germany is 30%. Income tax ranges from 14% to 45% depending on the situation and income level. The value added tax in Germany is 19%.

Finances
The gross domestic product (GDP) in Germany in terms of purchasing power parity (PPP) amounts to a total of 3748094 billion US dollars. The gross domestic product (GDP) measured as purchasing power parity (PPP) per capita in Germany was last measured at 46 million US dollars. In an international comparison, PPP in Germany is considered below average. A below-average PPP indicates that citizens in this country are finding it difficult to buy local goods. Local goods can include groceries, shelter, clothing, health care, personal hygiene, essential home furnishings, transportation and communications, laundry, and various types of insurance. Countries with below average PPPs are dangerous places to invest. The total gross domestic product (GDP) in Germany is 3,730,261 billion euros. According to these statistics, Germany is considered to be a large economy. Countries with large economies support a wide variety of industries and companies and offer numerous investment opportunities. Large economies support a sizable financial sector, which makes it easy to organize investments and financial transactions. It should be very easy to find good investment opportunities in Germany. The gross domestic product (GDP) per capita in Germany was most recently 45 million US dollars. The average citizen in Germany has very little wealth. Countries with very low per capita wealth often have a lower life expectancy and a dramatically lower quality of life for their citizens. In countries with very low wealth, it can be very difficult to find a highly skilled workforce as it is difficult for citizens to get the education needed to specialize in industries. However, compared to countries with higher wealth per capita, workers can be found at very low prices. The annual GDP growth rate in Germany averaged 1.4% in 2014. According to this, Germany is currently experiencing modest growth.


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