Wednesday, 17 January 2018 08:07 GMT

Germany GDP growth expand 0-40 percent in fourth quarter of 2013

(MENAFN - Qatar News Agency) The Gross Domestic Product (GDP) in Germany expanded 0.40 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Germany is reported by the Federal Statistical Office

GDP Growth Rate in Germany averaged 0.29 Percent from 1991 until 2013, reaching an all time high of 2.10 Percent in the second quarter of 2010 and a record low of -3.70 Percent in the first quarter of 2009. Germany is the fourth largest economy in the world and the largest within the Euro Area. The German economy is heavily export-oriented.

Germany is the second largest exporter in the world and exports account for more than one-third of national output. As such, the export of high added value products has been the main driver of growth in recent years.

The German economy benefits from qualified labour force, developed infrastructure and large capital stock.

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