Economy of Germany

According to economywatch.com, Germany has the largest population (81.8 inhabitants in January, 2010) and economy in the European Union. Its economy benefits from a large pool of talented work force that has enabled Germany to dominate the vehicles, machinery, chemicals and household equipment vertical across the globe. In addition, Germany was able to overcome to the recent economic slowdown because of its strong and productive workforce. The U.S should follow Germany’s foot steps by retraining its workforce. For instance, motivate more students to go for engineering and science.   By doing so the U.S will be able to have a stronger workforce and compete better with the rest of the world. Also Germany economy managed to have a GDP (purchasing power parity) of $2.182 trillion in 2009 and to stay stable as the world sixth largest country in terms of GDP (2009).

Agriculturally, Germany occupies the second place after France and has the first place in term of milk production in the European Union. In the energy sector, Germany produced 25 millions tons of fossil fuels which generated 2.5 billion Euros in revenue. Moreover, Germany is a very competitive economy and in a position to exploit improvements in the U.S and China.  Therefore, Germany’s economy remains the largest economy in Europe.