general: Duesseldorf, Frankfurt am Main, Hamburg, Leipzig, Munich
Flag description: three equal horizontal bands of black (top), red, and gold
Germany Economy
Economy - overview: Germany possesses the world's third most technologically powerful economy after the US and Japan, but structural market rigidities - including the substantial non-wage costs of hiring new workers - have made unemployment a long-term, not just a cyclical, problem. Germany's aging population, combined with high unemployment, has pushed social security outlays to a level exceeding contributions from workers. The modernization and integration of the eastern German economy remains a costly long-term problem, with annual transfers from western Germany amounting to roughly $70 billion. Growth picked up to 3% in 2000, largely due to recovering global demand; newly passed business and income tax cuts are expected to keep growth strong in 2001. Corporate restructuring and growing capital markets are transforming the German economy to meet the challenges of European economic integration and globalization in general.
GDP: purchasing power parity - $1.936 trillion (2000 est.)
GDP - real growth rate: 3% (2000 est.)
GDP - per capita: purchasing power parity - $23,400 (2000 est.)
GDP - composition by sector: agriculture: 1.2%
industry: 30.4%
services: 68.4% (1999)
Population below poverty line: NA%
Inflation rate (consumer prices): 2% (2000 est.)
Labor force: 40.5 million (1999 est.)
Labor force - by occupation: industry 33.4%, agriculture 2.8%, services 63.8% (1999)
Unemployment rate: 9.9% (2000 est.)
Budget: revenues: $996 billion
expenditures: $1.036 trillion, including capital expenditures of $NA (1999 est.)
Industries: among the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages; shipbuilding; textiles
Industrial production growth rate: 4.7% (2000)
Electricity - production: 531.377 billion kWh (1999)
Electricity - production by source: fossil fuel: 63.29%
hydro: 3.59%
nuclear: 30.3%
other: 2.82% (1999)
Electricity - consumption: 495.181 billion kWh (1999)
Electricity - exports: 39.5 billion kWh (1999)
Electricity - imports: 40.5 billion kWh (1999)
Agriculture - products: potatoes, wheat, barley, sugar beets, fruit, cabbages; cattle, pigs, poultry
Exports: $578 billion (f.o.b., 2000 est.)
Exports - commodities: machinery, vehicles, chemicals, metals and manufactures, foodstuffs, textiles
Exports - partners: EU 55.3% (France 11.3%, UK 8.3%, Italy 7.3%, Netherlands 6.3%, Belgium/Luxembourg 5.1%), US 10.1%, Japan 2.0% (1999)
Imports: $505 billion (f.o.b., 2000 est.)
Imports - commodities: machinery, vehicles, chemicals, foodstuffs, textiles, metals
Imports - partners: EU 52.2% (France 10.5%, Netherlands 7.6%, Italy 7.4%, UK 6.9%, Belgium/Luxembourg 5.6%), US 8.1%, Japan 4.9% (1999)
Debt - external: $NA
Economic aid - donor: ODA, $5.6 billion (1998)
Currency: deutsche mark (DEM); euro (EUR)
note: on 1 January 1999, the EU introduced the euro as a common currency that is now being used by financial institutions in Germany at a fixed rate of 1.95583 deutsche marks per euro and will replace the local currency for all transactions in 2002
Currency code: DEM; EUR
Exchange rates: euros per US dollar - 1.0659 (January 2001), 1.0854 (2000), 0.9386 (1999); deutsche marks per US dollar - 1.69 (January 1999), 1.7597 (1998), 1.7341 (1997), 1.5048 (1996)
Fiscal year: calendar year
Germany Communications
Telephones - main lines in use: 45.2 million (1997)
note: 46.5 million main lines were installed by yearend 1998
Telephones - mobile cellular: 15.318 million (April 1999)
Telephone system: general assessment: Germany has one of the world's most technologically advanced telecommunications systems; as a result of intensive capital expenditures since reunification, the formerly backward system of the eastern part of the country has been modernized and integrated with that of the western part
domestic: Germany is served by an extensive system of automatic telephone exchanges connected by modern networks of fiber-optic cable, coaxial cable, microwave radio relay, and a domestic satellite system; cellular telephone service is widely available and includes roaming service to many foreign countries
international: satellite earth stations - 14 Intelsat (12 Atlantic Ocean and 2 Indian Ocean), 1 Eutelsat, 1 Inmarsat (Atlantic Ocean region), 2 Intersputnik (1 Atlantic Ocean region and 1 Indian Ocean region); 7 submarine cable connections; 2 HF radiotelephone communication centers; tropospheric scatter links
Radio broadcast stations: AM 51, FM 767, shortwave 4 (1998)
Radios: 77.8 million (1997)
Television broadcast stations: 373 (plus 8,042 repeaters) (1995)
Televisions: 51.4 million (1998)
Internet country code: .de
Internet Service Providers (ISPs): 123 (2000)
Internet users: 18 million (2000)
Germany Transportation
Railways: total: 40,826 km including at least 14,253 km electrified and 14,768 km double- or multiple-tracked (1998)
note: since privatization in 1994, Deutsche Bahn AG (DBAG) no longer publishes details of the tracks it owns; in addition to the DBAG system there are 102 privately owned railway companies which own an approximate 3,000 km to 4,000 km of the total tracks
Highways: total: 656,140 km
paved: 650,891 km (including 11,400 km of expressways)
unpaved: 5,249 km (all-weather) (1998 est.)
Waterways: 7,500 km
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