Most of the country's exports are in engineering, especially machinery, automobiles, chemical goods and metals. Germany is a leading producer of wind turbines and solar-power technology.
Germany is the fourth largest economy in the world after the United States, China and Japan and the largest economy in Europe. It is the third largest export nation globally: With 70% the service sector contributes the largest part to the country's GDP.
Germany is well known for many things. It has a strong economy, is the birthplace of classical music and philosophy, has a rich culture, and is known for its scenic beauty. Additionally, Germany is known for its engineering and automotive industry, as well as its precision manufacturing.
German power rests primarily on the economy, healthcare, natural resources, education, and EU-NATO membership. However, it did not have a large military or land area that limited German power; these factors helped Germany become an important country today and a leader in most European countries.
United States has a GDP per capita of $60,200 as of 2020, while in Germany, the GDP per capita is $50,900 as of 2020.
When taking into consideration the cost of living in Germany vs. the U.S., Germany really comes out on top. And not just in comparison to the US. Germany's cost of living remains lower than many other countries at a similar development level.
Cost of living in Germany vs the USA
If you're a US citizen moving to Germany, you'll be pleased to know that the cost of living in Germany is about 35% cheaper than in the USA. This is because the costs of food, rent, utilities and education are significantly lower in Germany than in the USA.
Germany is one of five NATO members to host US nuclear weapons on its territory as part of a nuclear-sharing agreement. The German air force is assigned approximately 10–15 B61 nuclear bombs, which are deployed at the Büchel air base.
Quality of Life
Clean and orderly, Germany is a highly developed nation with good infrastructure, things run on time, and people are respectful of the environment. The country has a well-organized mass transit system, and the population is well-educated, so you can easily get around.
Germany - Coal Mining, Thermal Plants, and Nuclear Power | Britannica.
The country's passenger car and light commercial vehicle OEM generated foreign market revenue of almost EUR 274 billion in 2021 – a ten percent increase over 2020. Automotive exports account for more than 13 percent of all German exports in 2021 – the product group with the largest export share.
Section 1, Article 1: "The German Democratic Republic is a socialist state of workers and peasants. It is the political organization of the working people of town and country under the leadership of the working class and its Marxist-Leninist party".
The GDP per capita is calculated by dividing a country's GDP by its population. Thus, the richest countries in the world are those with the highest GDP per capita. Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700.
In 2021, Germany was ranked the 20th richest country in the world, measured by GDP per capita. This means that if you add up the value of all the goods and commodities produced in a country and divide the figure by the number of inhabitants, you get $50,700 (€52,200) per person per year in Germany on average.
The German Basic Law (Grundgesetz), the constitution of the Federal Republic of Germany adopted in 1949, officially granted equal rights to women and men, but it has been a long fight for women to obtain actual recognition, and the struggle for gender equality is pursued to this day.
Germany: Low-Income Households Struggle for Social and Economic Rights. Inflation Pushing Single-Parent-Led Families, Often Mothers, to Breaking Point.
Germany has been called the “Land of Poets and Thinkers.” Germans are famous in all forms of art, but particularly classical music. Germany's famous composers include Bach, Brahms, Schumann, Wagner and Beethoven.
In Germany, healthcare is partially free due to the social contributions to the public healthcare system. This means that individuals can receive medical services free of charge for the most part.
As a basic estimate, you can expect your total costs to be between €1200 – €3000 per month as an individual living in Germany. At the cheaper end of this range, you would likely be living in a flatshare outside of the city centre.