In particular, the export of motor vehicles and parts as well as chemical products make Germany the third-largest exporting nation in the world. The service sector contributes the largest share to the country's GDP, accounting for 70%.Germany's principal industries include machine building, automobiles, electrical engineering and electronics, chemicals, and food processing.Germany is one of the largest exporters globally with $1.81 trillion worth of goods and services exported in 2019. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports accounted for 50.3% of national output.

What are the main sources of government revenue in Germany : Sources of Revenue in Germany

Countries raise tax revenue through a mix of individual income taxes, corporate income taxes, social insurance taxes, taxes on goods and services, and property taxes.

What are the top 5 industries in Germany

What are the largest sectors in Germany Four sectors dominate German industry: the automotive, mechanical engineering, chemical and electrical industry. Global players are Volkswagen, Daimler, BMW (all automotive), BASF, the world's largest chemical company with around 118,000 employees, and Siemens (electrical).

What are Germany’s top 3 resources : While generally regarded as a resource-poor country, it has relatively large deposits of lignite, potash and rock salt as well as aggregate materials and soils for the construction industry. Germany also produces some oil and gas, mainly in North Germany and the North Sea.

If we simply consider a nation's gross domestic product—the sum of all goods and services produced by a country during one year—then we would have to conclude that the richest nations are exactly the ones with the largest GDP: United States, China, Japan, Germany.

What are the largest sectors in Germany Four sectors dominate German industry: the automotive, mechanical engineering, chemical and electrical industry. Global players are Volkswagen, Daimler, BMW (all automotive), BASF, the world's largest chemical company with around 118,000 employees, and Siemens (electrical).

Is Germany a rich or a poor country

If we simply consider a nation's gross domestic product—the sum of all goods and services produced by a country during one year—then we would have to conclude that the richest nations are exactly the ones with the largest GDP: United States, China, Japan, Germany.In 2022 the median and mean wealth per adult in Germany was 256.180 USD, a decrease of 14.360 USD from 2021 figures, making the federal republic the 16th wealthiest country in the world.They are the government's most important source of revenue, which is used to fund spending for the common good – such as social security, education, healthcare and transport infrastructure. The German tax system is based on ability to pay, transparency and fairness.

Tax revenues in cash terms amounted to a total of 896 billion euros in 2022. The volume of taxes collected by the Federation, Länder and municipalities (territorial authorities) in Germany amounted to a total of 895.7 billion euros before tax redistribution in 2022.

Who is the largest employer in Germany : Volkswagen

Volkswagen had by far the highest amount of global employees of all companies based in Germany in 2020, at approximately 671 thousand employees. Deutsche Post DHL Group had the second highest number of employees at 504 thousand, followed by Bosch which had 398 thousand employees.

What is Germany’s biggest import : The Major Imports of Germany

• Mineral Fuels and Oils: Mineral fuels and oils hold the top position in Germany's imports by volume.
• Machinery and Mechanical Appliances:
• Vehicles and Automotive Parts:
• Electrical Machinery and Equipment:
• Pharmaceuticals:
• Plastics and Plastic Articles:
• Iron and Steel:
• Organic Chemicals:

What are Germany’s top 5 export countries

Yearly Trade

The most common destination for the exports of Germany are United States ($153B), France ($120B), China ($109B), Netherlands ($109B), and Italy ($90.7B).

Bremen
List (national estimate)

Rank	State	Poverty rate
1	Bremen	24.9%
2	Saxony-Anhalt	19.5%
3	Mecklenburg-Vorpommern	19.4%
4	Berlin	19.3%

Top 10 Richest Countries in Europe by total 2020 GDP (current US$ – IMF)

Country	GDP (IMF '23)
Germany	$4.43 Tn
United Kingdom	$3.33 Tn
France	$3.05 Tn
Italy	$2.19 Tn

What is the average salary in Germany : In April 2022, the average salary of full-time employees in Germany amounted to €24.77 per hour, €4,105 monthly, or €49,260 per year. This is much higher than in much of the rest of Europe. In fact, Germany had the seventh-highest salary in the European Union in 2021.