Germany’s economic growth is expected to decline slightly but remain
stable due to strong job creation and a fiscal stimulus. Due to trade-related
uncertainties and diminishing world demand Germany’s export is expected to be
affected. On the other hand, private consumption is expected to increase due to
strong wage growth and fiscal measures that increase German household
disposable income. Also, low interest rates, high capacity utilisation and
growing housing demand is expected to boost residential and business
investment. The current account surplus is expected to decrease as stronger
domestic demand fuels imports.
A further rise in protectionism can negatively affect Germany’s
economic growth and employment, particularly if it involved slower growth in
China, tariffs on Germany’s car exports, renewed financial market turbulence
and economic shocks in large European economies. On the other hand, successful
integration of immigrants into the labour market, improved education and training,
and an increase in women’s working hours as a result of recent reform efforts
are expected to improve labour shortages and allow companies to expand
production.
In World Bank’s ease of doing business ranking Germany was ranked 24
out of 190 countries in 2018. Germany’s ease of doing business ranking slipped
from 20th position in 2017.
Germany, officially The Federal Republic of Germany, is a federal
parliamentary republic in western central Europe. Berlin is the capital and
also is the largest city in Germany. The country has three levels of government
in which the responsibilities, roles and power are distributed accordingly and
they are federal, states, and local. Germany became the first country in Europe
to establish a development ministry, in 1961.
Germany had estimated population of 82.732 million in the year 2016 and
expected to reach 83.454 million by 2022. Germany's 49.81% population (around
41.212 million) was employed in 2016 and the unemployment rate was 4.158% of
total labor force.
Germany's real gross domestic product (GDP) was around Euro 2832.18
billions in 2016 whereas the nominal GDP was Euro 3132.67 billions. This
resulted in GDP deflator 110.61. Per capita GDP was estimated at USD 41902.28
whereas purchasing power parity (PPP) based per capita GDP was estimated to be
at USD 48110.85.
The output gap for Germany in 2016 was 0.383% of the potential GDP
which indicates that German economy was outperforming by managing actual output
higher than it's maximum potential.
In 2016, German government's revenue was Euro 1411.38 billions whereas
the expenditure was Euro 1387.68 billions. This resulted German government's
net lending / borrowing at Euro 23.705 billion in 2016 indicating that enough
financial resources were made available by the government to boost economic
growth.
The current account balance for Germany was estimated to be at USD
294.34 billions for the year 2016 and is expected to grow at a CAGR of 0.56%
and reach USD 291.342 by 2022. This positive current account balance indicates
the Germany is net lender to the whole world.
Scope of Germany – PESTLE Analysis and Macroeconomic Trends Market Research
Report
- This report provides information about key macroeconomic indicators
for Germany.
- This report provides PESTLE (political, economic, social,
technological, legal and environmental) analysis for Germany.
For more information and to purchase Germany PESTLE Analysis &
Macroeconomic Trends Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/germany-pestle-analysis-macroeconomic-trends-market-research-report
For more information and Other PESTLE Analysis Market Research Report
please visit: https://www.marketresearchreports.com/pestle-analysis
About MarketResearchReports.com
MarketResearchReports.com
is world's largest store offering quality market research, SWOT analysis,
competitive intelligence and industry reports. We help Fortune 500 to Start-Ups
with the latest market research reports on global markets which comprise key
industries, leading market players, new products and latest industry analysis
& trends.
Contact us for your market research requirements: http://www.marketresearchreports.com/contact
No comments:
Post a Comment