acts in the Federal Constitutional Court; has not accepted compulsory ICJ jurisdiction
Suffrage:
18 years of age; universal
Executive branch:
chief of state: President Horst KOEHLER (since 1 July 2004) head of government: Chancellor Angela MERKEL (since 22 November 2005) cabinet: Cabinet or Bundesminister (Federal Ministers) appointed by the president on the recommendation of the chancellor elections: president elected for a five-year term (eligible for a second term) by a Federal Convention, including all members of the Federal Assembly and an equal number of delegates elected by the state parliaments; election last held 23 May 2004 (next scheduled for 23 May 2009); chancellor elected by an absolute majority of the Federal Assembly for a four-year term; Bundestag vote for Chancellor last held 22 November 2005 (next will follow the national elections to be held by autumn 2009) election results: Horst KOEHLER elected president; received 604 votes of the Federal Convention against 589 for Gesine SCHWAN; Angela MERKEL elected chancellor; vote by Federal Assembly 397 to 202 with 12 abstentions
Legislative branch:
bicameral Parliament or Parlament consists of the Federal Assembly or Bundestag (614 seats; elected by popular vote under a system combining direct and proportional representation; a party must win 5% of the national vote or three direct mandates to gain proportional representation and caucus recognition; to serve four-year terms) and the Federal Council or Bundesrat (69 votes; state governments are directly represented by votes; each has three to six votes depending on population and are required to vote as a block) elections: Bundestag - last held on 18 September 2005 (next to be held no later than autumn 2009); note - there are no elections for the Bundesrat; composition is determined by the composition of the state-level governments; the composition of the Bundesrat has the potential to change any time one of the 16 states holds an election election results: Bundestag - percent of vote by party - CDU/CSU 35.2%, SPD 34.3%, FDP 9.8%, Left 8.7%, Greens 8.1%, other 3.9%; seats by party - CDU/CSU 225, SPD 222, FDP 61, Left 53, Greens 51, independents 2
Judicial branch:
Federal Constitutional Court or Bundesverfassungsgericht (half the judges are elected by the Bundestag and half by the Bundesrat)
Political parties and leaders:
Alliance '90/Greens [Claudia ROTH and Cem OEZDEMIR]; Christian
Democratic Union or CDU [Angela MERKEL]; Christian Social Union or
CSU [Horst SEEHOFER]; Free Democratic Party or FDP [Guido
WESTERWELLE]; Left Party or Die Linke [Lothar BISKY and Oskar
LAFONTAINE]; Social Democratic Party or SPD [Franz MUENTEFERING]
Political pressure groups and leaders:
other: business associations and employers' organizations; religious, trade unions, immigrant, expellee, and veterans groups
International organization participation:
ADB (nonregional members), AfDB (nonregional members), Arctic
Council (observer), Australia Group, BIS, BSEC (observer), CBSS,
CDB, CE, CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, G-5, G-7, G-8,
G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC,
IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO,
ITU, ITUC, MIGA, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD,
OPCW, OSCE, Paris Club, PCA, Schengen Convention, SECI (observer),
UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMIL, UNMIS, UNOMIG,
UNRWA, UNWTO, UPU, WADB (nonregional), WCO, WEU, WFTU, WHO, WIPO,
WMO, WTO, ZC
Diplomatic representation in the US:
chief of mission: Ambassador Klaus SCHARIOTH chancery: 4645 Reservoir Road NW, Washington, DC 20007 telephone: [1] (202) 298–4000 FAX: [1] (202) 298–4249 consulate(s) general: Atlanta, Boston, Chicago, Houston, Los Angeles, Miami, New York, San Francisco
Diplomatic representation from the US:
chief of mission: Ambassador William R. TIMKEN, Jr. embassy: Pariser Platz 2, 10117 Berlin; note - new embassy opened 4 July 2008 mailing address: PSC 120, Box 1000, APO AE 09265, clayallee 170, 14195 Berlin telephone: [49] (030) 2385174 FAX: [49] (030) 8305–1215 consulate(s) general: Duesseldorf, Frankfurt am Main, Hamburg, Leipzig, Munich
Flag description:
three equal horizontal bands of black (top), red, and gold
Economy
Germany
Economy - overview:
Germany's affluent and technologically powerful economy - the fifth largest in the world in PPP terms - showed considerable improvement in 2007 with 2.6% growth. After a long period of stagnation with an average growth rate of 0.7% between 2001–05 and chronically high unemployment, stronger growth led to a considerable fall in unemployment to about 8% near the end of 2007. Among the most important reasons for Germany's high unemployment during the past decade were macroeconomic stagnation, the declining level of investment in plant and equipment, company restructuring, flat domestic consumption, structural rigidities in the labor market, lack of competition in the service sector, and high interest rates. The modernization and integration of the eastern German economy continues to be a costly long-term process, with annual transfers from west to east amounting to roughly $80 billion. The former government of Chancellor Gerhard SCHROEDER launched a comprehensive set of reforms of labor market and welfare-related institutions. The current government of Chancellor Angela MERKEL has initiated other reform measures, such as a gradual increase in the mandatory retirement age from 65 to 67 and measures to increase female participation in the labor market. Germany's aging population, combined with high chronic unemployment, has pushed social security outlays to a level exceeding contributions, but higher government revenues from the cyclical upturn in 2006–07 and a 3% rise in the value-added tax pushed Germany's budget deficit well below the EU's 3% debt limit. Corporate restructuring and growing capital markets are setting the foundations that could help Germany meet the long-term challenges of European economic integration and globalization, although some economists continue to argue the need for change in inflexible labor and services markets. Growth may fall below 2% in 2008 as the strong euro, high oil prices, tighter credit markets, and slowing growth abroad take their toll.
GDP (purchasing power parity):
$2.807 trillion (2007 est.)
GDP (official exchange rate):
$3.322 trillion (2007 est.)
GDP - real growth rate:
2.5% (2007 est.)
GDP - per capita (PPP):
$34,100 (2007 est.)
GDP - composition by sector:
agriculture: 0.9% industry: 30.1% services: 69% (2007 est.)
Labor
