Germany: Country and Foreign Investment
Economy and Currency
Germany is the largest economy in Europe and world-leader in exports. The credit crunch affected the country badly and measures such as banking support and a car scrappage scheme were put in place. The second half of 2009 has seen an upturn and the outlook is generally positive.
The country’s economy consists of a strong service sector with approximately 70% of the workforce employed in this field. 22% of labour is used in industry and the rest in agriculture.
Unemployment is currently 7.7% but expected to increase in 2010 to around 9%.
The currency is the Euro.