Economy of Germany

[Rick Rodriguez]

Germany is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Germany is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Germany exports around $1493 billion and imports roughly $1233 billion. 3.6% of population in the country are unemployed. The total number of unemployed people in Germany is 2,962,564. In Germany, 17% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Germany is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 4.5% of GDP. The Gini Index of the country is 27. Germany is experiencing high equality. Differences in income among citizens are only mildly significant. Germany has a Human Development Index (HDI) of 0.911. Germany has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society. The Global Peace Index (GPI) for Germany is 1.379. Due to strong law enforcement presence and high social responsibility, Germany is very safe by international standards. The strength of legal rights index for Germany is 6. Overall, it is considered to be rather adequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available.