Compare Germany (2008) - Germany (2007)

Compare Germany (2008) z Germany (2007)

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	Germany (2008)	Germany (2007)

Budget	revenues: $1.465 trillion expenditures: $1.477 trillion (2007 est.)	revenues: $1.281 trillion expenditures: $1.331 trillion (2006 est.)
Debt - external	$4.489 trillion (30 June 2007)	$3.904 trillion (30 June 2006)
Diplomatic representation from the US	chief of mission: Ambassador William R. TIMKEN, Jr. embassy: Neustaedtische Kirchstrasse 4-5, 10117 Berlin; note - a new embassy is being built near the Brandenburg Gate in Berlin; ground was broken in October 2004 and completion is scheduled for 2008 mailing address: PSC 120, Box 1000, APO AE 09265 telephone: [49] (030) 2375174 FAX: [49] (030) 8305-1215 consulate(s) general: Duesseldorf, Frankfurt am Main, Hamburg, Leipzig, Munich	chief of mission: Ambassador William R. TIMKEN, Jr. embassy: Neustaedtische Kirchstrasse 4-5, 10117 Berlin; note - a new embassy will be built near the Brandenburg Gate in Berlin; ground was broken in October 2004 and completion is scheduled for 2008 mailing address: PSC 120, Box 1000, APO AE 09265 telephone: [49] (030) 2375174 FAX: [49] (030) 8305-1215 consulate(s) general: Duesseldorf, Frankfurt am Main, Hamburg, Leipzig, Munich
Economy - overview	Germany's affluent and technologically powerful economy - the fifth largest in the world in PPP terms - showed considerable improvement in 2007 with 2.6% growth. After a long period of stagnation with an average growth rate of 0.7% between 2001-05 and chronically high unemployment, stronger growth led to a considerable fall in unemployment to about 8% near the end of 2007. Among the most important reasons for Germany's high unemployment during the past decade were macroeconomic stagnation, the declining level of investment in plant and equipment, company restructuring, flat domestic consumption, structural rigidities in the labor market, lack of competition in the service sector, and high interest rates. The modernization and integration of the eastern German economy continues to be a costly long-term process, with annual transfers from west to east amounting to roughly $80 billion. The former government of Chancellor Gerhard SCHROEDER launched a comprehensive set of reforms of labor market and welfare-related institutions. The current government of Chancellor Angela MERKEL has initiated other reform measures, such as a gradual increase in the mandatory retirement age from 65 to 67 and measures to increase female participation in the labor market. Germany's aging population, combined with high chronic unemployment, has pushed social security outlays to a level exceeding contributions, but higher government revenues from the cyclical upturn in 2006-07 and a 3% rise in the value-added tax pushed Germany's budget deficit well below the EU's 3% debt limit. Corporate restructuring and growing capital markets are setting the foundations that could help Germany meet the long-term challenges of European economic integration and globalization, although some economists continue to argue the need for change in inflexible labor and services markets. Growth may fall below 2% in 2008 as the strong euro, high oil prices, tighter credit markets, and slowing growth abroad take their toll.	Germany's affluent and technologically powerful economy - the fifth largest in the world in PPP terms - showed considerable improvement in 2006 with 2.2% growth. After a long period of stagnation with an average growth rate of 0.7% between 2001-05 and chronically high unemployment, stronger growth has led to a considerable fall in unemployment to about 7% at the end of 2006. Among the most important reasons for Germany's high unemployment during the past decade were macroeconomic stagnation, the declining level of investment in plant and equipment, company restructuring, flat domestic consumption, structural rigidities in the labor market, lack of competition in the service sector, and high interest rates. The modernization and integration of the eastern German economy continues to be a costly long-term process, with annual transfers from west to east amounting to roughly $80 billion. The former government of Chancellor Gerhard SCHROEDER launched a comprehensive set of reforms of labor market and welfare-related institutions. The current government of Chancellor Angela MERKEL has initiated other reform measures, such as a gradual increase in the mandatory retirement age from 65 to 67 and measures to increase female participation in the labor market. Germany's aging population, combined with high chronic unemployment, has pushed social security outlays to a level exceeding contributions, but higher government revenues from the cyclical upturn in 2006 reduced Germany's budget deficit to within the EU's 3% debt limit. Corporate restructuring and growing capital markets are setting the foundations that could help Germany meet the long-term challenges of European economic integration and globalization.
Exchange rates	euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)	euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)
Executive branch	chief of state: President Horst KOEHLER (since 1 July 2004) head of government: Chancellor Angela MERKEL (since 22 November 2005) cabinet: Cabinet or Bundesminister (Federal Ministers) appointed by the president on the recommendation of the chancellor elections: president elected for a five-year term (eligible for a second term) by a Federal Convention, including all members of the Federal Assembly and an equal number of delegates elected by the state parliaments; election last held 23 May 2004 (next scheduled for 23 May 2009); chancellor elected by an absolute majority of the Federal Assembly for a four-year term; Bundestag vote for Chancellor last held 22 November 2005 (next will follow the national elections to be held by autumn 2009) election results: Horst KOEHLER elected president; received 604 votes of the Federal Convention against 589 for Gesine SCHWAN; Angela MERKEL elected chancellor; vote by Federal Assembly 397 to 202 with 12 abstentions	chief of state: President Horst KOEHLER (since 1 July 2004) head of government: Chancellor Angela MERKEL (since 22 November 2005) cabinet: Cabinet or Bundesminister (Federal Ministers) appointed by the president on the recommendation of the chancellor elections: president elected for a five-year term (eligible for a second term) by a Federal Convention, including all members of the Federal Assembly and an equal number of delegates elected by the state parliaments; election last held 23 May 2004 (next to be held 23 May 2009); chancellor elected by an absolute majority of the Federal Assembly for a four-year term; Bundestag election last held 22 November 2005 (next to be held in November 2009) election results: Horst KOEHLER elected president; received 604 votes of the Federal Convention against 589 for Gesine SCHWAN; Angela MERKEL elected chancellor; vote by Federal Assembly 397 to 202 with 12 abstentions
Exports - partners	France 9.5%, US 8.7%, UK 7.3%, Italy 6.7%, Netherlands 6.3%, Austria 5.6%, Belgium 5.2%, Spain 4.7% (2006)	France 9.7%, US 8.6%, UK 7.3%, Italy 6.7%, Netherlands 6.2%, Belgium 5.5%, Austria 5.5%, Spain 4.7% (2006)
GDP - composition by sector	agriculture: 0.9% industry: 29.6% services: 69.5% (2007 est.)	agriculture: 1% industry: 30% services: 69.1% (2006 est.)
GDP - real growth rate	2.6% (2007 est.)	2.8% (2006 est.)
Imports - partners	Netherlands 11.8%, France 8.5%, Belgium 7.2%, China 5.9%, UK 5.7%, Italy 5.6%, US 5.3%, Austria 4.3% (2006)	Netherlands 11.7%, France 8.7%, Belgium 7.6%, UK 5.9%, China 5.9%, Italy 5.5%, US 5.1%, Austria 4.3%, Russia 4% (2006)
Industrial production growth rate	2.1% (2007 est.)	4.4% (2006 est.)
Inflation rate (consumer prices)	2% (2007 est.)	1.7% (2006 est.)
International organization participation	ADB (nonregional members), AfDB, Arctic Council (observer), Australia Group, BIS, BSEC (observer), CBSS, CDB, CE, CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, G- 5, G- 7, G- 8, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club, PCA, Schengen Convention, SECI (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMEE, UNMIL, UNMIS, UNOMIG, UNRWA, UNWTO, UPU, WADB (nonregional), WCO, WEU, WHO, WIPO, WMO, WTO, ZC	AfDB, Arctic Council (observer), AsDB, Australia Group, BIS, BSEC (observer), CBSS, CDB, CE, CERN, EAPC, EBRD, EIB, EMU, ESA, EU, FAO, G- 5, G- 7, G- 8, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, Paris Club, PCA, Schengen Convention, SECI (observer), UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIL, UNMIS, UNMOVIC, UNOMIG, UNRWA, UNWTO, UPU, WADB (nonregional), WCO, WEU, WHO, WIPO, WMO, WTO, ZC
Labor force	43.63 million (2007 est.)	43.57 million (2006 est.)
Legislative branch	bicameral Parliament or Parlament consists of the Federal Assembly or Bundestag (614 seats; elected by popular vote under a system combining direct and proportional representation; a party must win 5% of the national vote or three direct mandates to gain proportional representation and caucus recognition; to serve four-year terms) and the Federal Council or Bundesrat (69 votes; state governments are directly represented by votes; each has three to six votes depending on population and are required to vote as a block) elections: Bundestag - last held on 18 September 2005 (next to be held no later than autumn 2009); note - there are no elections for the Bundesrat; composition is determined by the composition of the state-level governments; the composition of the Bundesrat has the potential to change any time one of the 16 states holds an election election results: Bundestag - percent of vote by party - CDU/CSU 35.2%, SPD 34.3%, FDP 9.8%, Left 8.7%, Greens 8.1%, other 3.9%; seats by party - CDU/CSU 225, SPD 222, FDP 61, Left 53, Greens 51, independents 2	bicameral Parliament or Parlament consists of the Federal Assembly or Bundestag (614 seats; elected by popular vote under a system combining direct and proportional representation; a party must win 5% of the national vote or three direct mandates to gain proportional representation and caucus recognition; to serve four-year terms) and the Federal Council or Bundesrat (69 votes; state governments are directly represented by votes; each has three to six votes depending on population and are required to vote as a block) elections: Federal Assembly - last held on 18 September 2005 (next to be held in September 2009); note - there are no elections for the Bundesrat; composition is determined by the composition of the state-level governments; the composition of the Bundesrat has the potential to change any time one of the 16 states holds an election election results: Federal Assembly - percent of vote by party - CDU/CSU 35.2%, SPD 34.3%, FDP 9.8%, Left 8.7%, Greens 8.1%, other 3.9%; seats by party - CDU/CSU 225, SPD 222, FDP 61, Left 53, Greens 51, and independents 2
Pipelines	condensate 37 km; gas 25,094 km; oil 3,546 km; refined products 3,828 km (2007)	condensate 37 km; gas 25,035 km; oil 3,546 km; refined products 3,827 km (2006)
Political parties and leaders	Alliance '90/Greens [Claudia ROTH and Reinhard BUETIKOFER]; Christian Democratic Union or CDU [Angela MERKEL]; Christian Social Union or CSU [Erwin HUBER]; Free Democratic Party or FDP [Guido WESTERWELLE]; Left Party or Die Linke [Lothar BISKY and Oskar LAFONTAINE]; Social Democratic Party or SPD [Kurt BECK]	Alliance '90/Greens [Claudia ROTH and Reinhard BUETIKOFER]; Christian Democratic Union or CDU [Angela MERKEL]; Christian Social Union or CSU [Edmund STOIBER]; Free Democratic Party or FDP [Guido WESTERWELLE]; Left Party.PDS (Linkspartei.PDS) [Lothar BISKY]; note - a merger with the Electoral Alternative-Work and Social Justice or WASG [Klaus ERNST] is planned for summer 2007; Social Democratic Party or SPD [Kurt BECK]
Unemployment rate	9.1% note: this is the International Labor Organization's estimated rate for international comparisons; Germany's Federal Employment Office estimated a seasonally adjusted rate of 10.8% (2007 est.)	7.1% note: this is the International Labor Organization's estimated rate for international comparisons; Germany's Federal Employment Office estimated a seasonally adjusted rate of 10.8% (2006 est.)

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