german economy 2004-2011

Topics: Economics, Economic growth, Inflation Pages: 3 (849 words) Published: November 9, 2013
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 the country. GNI is calculated by GDP +overseas investment - foreigners earns. Thus, it shows that by 2011, Germany is approximately making $800 more overseas investment than foreigners earns per person, meaning that German goods are doing well outside the country, and that Germans are not spending so much money on foreign goods. Real GDP growth overall was positive, positively growing except for 2009. However, Eurozone overall was in a crisis during that period, and Germany did very well in 2010 and 2011 to escape the crisis and get back to its continuous growth with economy. With some calculations done, it showed that Germany's economy's Real GDP growth from 2004 to 2011 was 10.55%, which is a stretch for Germany's economy. Moreover, the fact that Eurozone crisis between 2009 and 2011 caused a 5.1% drop with Real GDP growth of Germany, and that there was 10.55% increase over those 7 years, shows that Germany dealt well with the Eurozone crisis. The total tax revenue stayed around a similar amount through those 7 years. (The data is only available until 2010) Until 2010, the tax revenue only increased by 1.3%, and the maximum tax revenue reached was only 37.3%, which is a minimal amount increase. This shows that the government...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • German Economy Essay
  • German Economy Essay
  • U.S. Economy 2004
  • German Economy Essay
  • Economic Analysis of the German Economy Essay
  • Japan and German Political Economy Essay
  • Essay on German Economy
  • Economy Essay

Become a StudyMode Member

Sign Up - It's Free