Assessment: Germany 2011 Germany from 2004 until 2011, showed a positive trend with the GDP per capita. From $29,684.33 in 2004, Germany boosted their GDP per capita up to $39,187.01 in 2011, which is approximately a 50% increase. This shows that Germany managed to put its economy in an upward trend, although the Eurozone was struggling with its economic growth, particularly during 2009 and 2010. Similarly, GNI per capita of Germany in 2004 was $29,938.63, yet by 2011, the GNI per capita was $39,943.53. This again shows a positive trend overall, which shows that Germany has been growing gradually as years passed with its economy. One thing which differs GNI from GDP is that GNI involves overseas investments and foreigners ' earns in …show more content…
Moreover, the fact that the government kept its stability of tax revenue even during 2009 and 2010 when Eurozone crisis occurred, shows that Germany 's economic health was still relatively good even when crisis occurred around Europe. We assume that the tax revenue in 2011 was about 37%, seeing the overall trend of tax revenue. As mentioned before, this means that Germany has had a stable economic health throughout the 7 years, considering the fact that the tax revenue has not gone up or down by a great number. Current account balance of payments was positive value throughout the 7 years, showing that the amount of exports from Germany exceeded the amount of imports. That shows that country is making profit overall, by exporting and importing with other countries, yet exporting great amount, enough to keep the country earning profits. Moreover, the fact that the current account balance of payments went up from 4.6% to 5.7% shows that the country managed to widen the difference between the amount of exports and imports even more, to bring more profit into Germany. Germany did a fine job in keeping the unemployment rate low. In fact, Germany managed to cut the unemployment rate by almost a half, from 10.5% in 2004, to 5.9% in 2011. This means that there are more jobs available in Germany now than in 2004. According to the circular flow of income, this means that there is more money going around, prospering the
F. Gross national income in purchasing power parity per capita (GNI PPP/capita) converts income into "international dollars" and indicates the amount of goods and services one could buy in the United States with a given amount of money.
The economy continues to improve despite the last couple of years, by having an increased number of government budgets, increases number of efforts to reduce the public debt levels, and an export oriented growth
Because of the growth of the high unemployment rate employers may be unwilling to hire people. With more people out of work, more civilians face an unfortunate standard of living and lower quality of life. Generally, when the unemployment rate rises, consumers have less spending power. A lower unemployment rate, infers more people have jobs and are enjoying a better quality of life and higher standard of living. It also means that companies, firms, and organizations are receiving more money. When more people have jobs, they acquire more money and spend it. Such places include stores, malls, and fast food restaurants. This spending results in economic growth throughout our economy. Unfortunately, there will always be a percentage of people who do not have a job which implies that the economy will never experience economic growth to its full extent.
Although the UK made several mistakes, resulting in their disappointing performance, Germany’s success in the Golden age is the main reason for such a difference in gross domestic product and therefore the main talking point when it comes to economic analysis.
The recent job growth is impressive with an increase in 3.4% though the unemployment rate is still at 10% (U.S. average is 5.2%). With this recent increase, there is
According to easynomics.com, from Q3 2012-Q2 2015, there was a confirmed upward trend with real GDP rising which translates to approximately 2.26 percent annual growth rate. Although the increase rate is too slow that people may not feel the recovery, but it does suggest the increase.
The Great Recession lasted from December of 2007 until June of 2009, making it the longest recession since World War II. During this time, gross domestic product (GDP), inflation, unemployment, and interest rates were all greatly affected. The previously mentioned metrics are used to compare today’s economy to the economy during the Great Recession to see how the United States has rebounded since 2009. Monetary and fiscal policies were also implemented to combat the recession, and their effects determine whether or not the policies have a lasting effect in continuing to help the U.S. economy rebound.
Which played a critical role in America's downturn to a global scale. The United States industrial production declined 47 percent and real gross domestic product fell 30 percent. Finally, the unemployment rate in Germany was 26.3 percent, 23.7 percent in Sweden, 14.1 percent in Britain, 20.4 percent in Belgium, and 28.8 percent in Denmark. The hardest hit countries were the ones who were least industrialized. As this worldwide epidemic continued for years social
Germany 's unemployment rate is 4.2% as of August 2016. Based on the graph below (Figure 1) it shows that the unemployment rate has been slowly falling over the past year, which means there are less people looking for jobs in Germany.
approach such an issue a route, to the point that has been shown to work. The German economy was in calamitous condition in the prompt after war years. Mechanical
The German economy is the largest in Europe and worldwide Germany has the fifth largest economy (“World fact book”, n.d.). It is clear that the German economy holds a key position in the world marketplace. Gross domestic product (GDP) growth is an important consideration for foreign investment as it speaks to the overall health of an economy. GDP growth can be attributed to spending and investments both on and from imports and exports (“What is GDP”, 2005). In 2014 the reported GDP growth rate in Germany was 1.4%, up .9 % from the prior year (“World fact book” n.d.). The Eurozone was deeply affected by a recession stemming from the US and made worse by poor economic conditions in Greece and Spain, among other countries in
German Economy. Germany is the fifth largest economy in the world and the largest in Europe. In the ten years before the great recession, from
Nevertheless, in order for Bel to increase shareholders worth at to create exchanges that satisfy the objectives of shareholders the Germany market in EU is the right market for growth expansion. However the rationale behind this choice of country is due to the fact that customers in Germany are very cautious about hygiene compare to some of the Asian and African countries that has order alternative like water and it is assumed that many of the products in the disposable paper market are considered to be essential by consumers as in the UK. In other words, the industry has certain degree of buoyancy despite tough market conditions and since the time of recession just like in the times of economic growth people usually do not charge the amount of hygiene products they use like in the UK were customers cut down expenses on the amount of tissue due to the recession (keynote 2014).
In the chart, you can see that 2010 was more of a steady year in the economy and GDP percentage. It almost stayed the same throughout the year with a slight increase from the first to second quarter, then a slight decrease and increase coming into the third and last quarters of the year.
The current account is one of the components of the Balance of Payment together with the capital and financial account and the reserve assets account. This represents the difference between a country’s savings and its investment and it is defined as the sum of the payments of goods and services bought from foreigners, net income from abroad and net current transfers. When the current account is in deficit, it means that the country’s net sales abroad value is negative, while it is in surplus when this value is positive. The current account must balance, so surplus of one nation means deficits of another.