Economy of Germany
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donor: $7.5 billion (€5 billion), 0.28% of GDP GDP Germany is ranked on the CPI [2] 2009 as 14th for the perceived level of public sector corruption, with a confidence range between 7.7-8.3. (2004) Credit rating Standard & Poor's: AAA (Domestic) AAA (Foreign) AAA (T&C Assessment) Outlook: Stable Moody's: Aaa Outlook: Stable Fitch: AAA Outlook: Stable Foreign reserves US$233.813 billion, €200 billion (April 2011) Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollarsGermany is the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP) in 2008. Since the age of industrialisation, the country has been a driver, innovator, and beneficiary of an ever more globalised economy. Germany is the world's second largest exporter with $1.474 trillion, €1.06 trillion exported in 2011 (Eurozone countries are included). Exports account for more than one-third of national output. Germany is relatively poor in raw materials. Only lignite and potash salt are available in economically significant quantities. Power plants burning lignite are one of the main sources of electricity in Germany. Oil, natural gas and other resources are, for the most part, imported from other countries. Germany imports about two thirds of its energy. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Most of the country's products are in engineering, especially in automobiles, machinery, metals, and chemical goods. Germany is the leading producer of wind turbines and solar power technology in the world. The largest annual international trade fairs and congresses are held in several German cities such as Hanover, Frankfurt, and Berlin. Of the world's 500 largest stock market listed companies measured by revenue, the Fortune Global 500, 37 are headquartered in Germany. In 2010 the ten largest were Volkswagen, Allianz, E.ON, Daimler, Siemens, Metro, Deutsche Telekom, Munich Re, BASF, and BMW. Other large German companies include: Robert Bosch, ThyssenKrupp, and MAN (diversified industrials); Bayer and Merck (pharmaceuticals); Adidas and Puma (clothing and footwear); Commerzbank and Deutsche Bank (banking and finance); Aldi, Lidl and Edeka (retail); SAP (computer software); Infineon (semiconductors); Henkel (household and personal consumer products); Deutsche Post (logistics); and Hugo Boss (luxury goods). Well known global brands are Mercedes Benz, BMW, Adidas, Audi, Porsche, Volkswagen, DHL, T-Mobile, Lufthansa, SAP, and Nivea. Between 1991 and 2010, 40,301 mergers & acquisitions with an involvement of German firms with a total known value of 2,422 bil. EUR have been announced. The largest transactions since 1991 are: the acquisition of Mannesmann by Vodafone for 204.8 bil. EUR in 1999, the merger of Daimler-Benz with Chrysler to form DaimlerChrysler in 1998 valued at 36.3 bil. EUR, Deutsche Telekom acquired VoiceStream Wireless Corp for 30.8 bil. EUR in 2000, the sale of T-Mobile USA Inc by Deutsche Telekom to AT&T Inc for 27.6 bil. EUR in 2011. From Wikipedia under the
GNU Free Documentation License Matching Results for Economy of Germany:gelbJan 9, 2011 ... yellow; (politics, Germany ) pertaining to the FDP (a liberal and market- economy promoting political party in Germany ) ... schwarz-gelb Jul 13, 2010 ... (politics, Germany ) pertaining to a coalition between the CDU/CSU ... party in Germany ) and the FDP (a liberal and market- economy promoting ... rot-gelb Jul 13, 2010 ... (politics, Germany ) pertaining to a coalition between the SPD (a large ... in Germany ) and the FDP (a liberal and market- economy promoting ... From Wiktionary under the
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