economy of Germany

Germany has a highly developed social market economy. As the largest economy in Europe, Germany maintains the third-largest by nominal GDP in the world, as well as the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but has ranked among the world's top four since 1960. Germany accounted for 23.7% of the Eurozone economy in 2025, with which it has achieved a high degree of economic integration. With a population of around 83,000,000 people, Germany represents the largest consumer market in the European Union. It is a founding member of both the European Union and the Eurozone.

Germany is the third-largest exporter globally, with $1.66 trillion worth of goods and services exported in 2024. In 2024, Germany recorded a trade surplus of $255 billion, ranking 2nd worldwide. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports account for 50.3% of national output. The main exports of Germany are vehicles, machinery, chemicals, electronics, electrical equipment, pharmaceuticals, transport equipment, basic metals, food products, rubber, and plastics. Germany possesses largest manufacturing economy in Europe, contributing around one third of all manufacturing in Europe. The Germany social security system comprises roughly 25% of GDP, which is high among OECD members. Germany has the world's second-largest gold reserve, with over 3,000 tonnes of gold. As of 2023, Germany spends around 3.1% of GDP, third among major economies, on research and development. It is also the world's second-largest high-technology exporter and ranks in the top 10 of countries by stock market capitalization.