After eight years, the United States has replaced China as Germany’s most important trading partner, with significant shifts, particularly in imports. In the first half of the year, the trade exchange with the U.S. amounted to approximately 127 billion euros, surpassing the 122 billion euros with China, according to Reuters’ calculations based on preliminary data […]
Rank & Country GDP (USD billion) GDP Per Capita (USD thousand) #1 United States Of America (U.S.A) 28,783 85.37 #2 China 18,536 13.14 #3 Germany 4,730 56.29 #4 Japan 4,112 34.14 #5 India 3,942 2.73 #6 United Kingdom (U.K.) 3,502 51.07 #7 France 3,132 47.36 #8 Brazil 2,333 11.35 #9 Italy 2,332 39.58 #10 […]
At the world’s leading industrial trade fair, companies from the mechanical engineering, electrical engineering and digital industries as well as the energy sector will come together to present solutions for a high-performance, but also sustainable industry. More than 4,000 companies will be acting as an interconnected industrial ecosystem and demonstrating how climate neutrality can be […]
Germany overtakes Japan economically Now it’s official: Germany has overtaken Japan to become the third largest economy in the world after the USA and China. According to the Japanese Cabinet Office, Japan’s gross domestic product (GDP) grew by 1.9% in 2023 adjusted for inflation, while Germany’s shrank by 0.3%. However, due to the strong devaluation […]
The German economy might have experienced a stagnant phase in 2023, but this didn’t dissuade leading international corporations from initiating significant expansion endeavors in the largest economy of Europe. In August, the Taiwanese semiconductor manufacturer TSMC selected Dresden as the location for its extensive new semiconductor production facility in Europe, with an estimated value of […]
