17 Gedanken zu „How is Germany the richest country in Europe? (GDP) REACTION“
  1. comparing the GDP of a country with the market value of some company is a bit skewed. The GDP is the annual gross domestic product corresponding to the sum of the market value of all final goods and services produced in that year – meaning Germany produces twice the stock exchange value of all Apple shares per year, so it could theoretically buy every year the whole Apple group (or its equivalent) and have still around 2 trillion left. On the other hand the GDP also includes things like infrastructure maintenance, health costs and the repairs after accidents.
    Before 1990 (West) Germany had about the same population as UK and France. The reunification added around 16 mio. people from the former GDR (which had already a shrinking population at that time). The total population then grew very slowly to about 82.5 mio. in 2003, shrunk to 80.3 mio. in 2011 and is since then growing again, but only in West Germany. In East Germany (except Berlin) it more or less stagnated.
    GDP is only one of multiple indicators. It is important to include how it is produced. Russia's GDP was mainly boosted by gas, oil and minerals exports. UK made much (but by far not most) of its GDP by the financial sector (which gets still drained by the Brexit). Germany's strength is its export, the trade surplus, mostly by B2B producers as well as the car industry.
    GDP by capita is far higher in tax havens and small countries doubling as millionaires resorts (or countries making most of their GDP in the financial sector), so it is not in any case comparable between countries. Even salaries taken for themselves are not a good comparison – you have also to take into account what you can buy for your money, the spending capacity. And while inequality regarding income is not such big as say in the US, it is a growing problem im Germany.
    10:15 Germany had access to iron and coal. That was one of the reason why France tried to occupy the Ruhr region after WW I and after WW II proposed the Montan Union which became the precursor of the EU. But that resource are largely exploited and depleted since the 1970s, only less valued brown coal is left. Anyway steel and coal are not as economically important any more as they were in the first half of the last century. The most important resources to Germany nowadays are human resources and knowledge.
    Regarding Marshal plan money the most important thing for German success was not to spend it all at once, but to put it in a public bank, the Kreditanstalt für Wiederaufbau (Reconstruction Loan Corporation, KfW) which redistributed the money as loans which were repaid so other loans could be given, and to this day organizes government-subsided loan programs e.g. for energetic refurbishment of houses, energy-efficient house construction, renewable energy projects and so on.

  2. Problem is do you take the average or the median. In 2019, Heilbronn had the highest average income per capita. "Blame" is Dieter Schwarz. He owns two large supermarket chains. So he earns many millions and "destroys" the average.

    The German export surplus is also not without controversy. Our domestic demand has been very low for a long time. The same applies to investments – above all in the public sector. For example, we have poor internet development, a poor degree of digitization. We regularly miss out on innovations in new subject areas. Single source procurement in the field of energy costs just billions. This coupled with poor domestic demand is driving inflation and it looks a lot like a recession. The increasing number of pensioners and other social spending is costing us a large part of the state budget. This further reduces the funds for the necessary investments. And all problems were small once. Unfortunately, no one then took the initiative. Now many problems have become bigger. But maybe that's all German Angst

  3. The average income means nothing…
    In Frankfurt, for example, the average income is 4000€ but the streets are full of junkies
    Because some bankers earn 100.000 a month the average income so high

  4. Germany is a rich country?
    Who cares.
    But the distribution of its wealth is the most unequal. The distance between the average and the middle (median) income is increasing.
    Every crisis makes a few more millionaires. At the same time, a million more people get poorer. The middle class gets ruined. Laws are made in the favor of the party donors.

  5. The per capita income is only comparable if it is set in relation to the respective purchasing power of the country. Otherwise it is nothing meaningful. If, for example, everything in the USA was twice as expensive as in Germany (and that's not far off when it comes to groceries and rent), then Americans would have to earn twice as much to have the same standard. In addition, you have to compare everything with net income and not with gross income.
    The calculations and statistics are rubbish.

  6. Woah, Shae! Your comment section is an education in itself. It’s true, though. It’s about the distribution of wealth, just like in the Uk. People receiving benefits here called Harzt-4 absolutely cannot survive with any dignity.

  7. So Shae you didn't meet any Nigerians in Germany?
    You should have looked in Africa shops or in the areas where Asylants stay while they hope to finish their "Dublin time"!
    Asylants are meanwhile centralized hosted, that means till they get a stay they have to stay in home that the state gave to them!
    In my city they are housed inside a former Bundeswehr Hospital. The way from there to all city Parks you meet the people that stay there!

  8. Germany got a MASSIVE discount on russian oil and gas (it was basically thrown at them as a present), which is why they were able to produce industrial goods at a minimum price, outcompeting evereone else. Also, they profited a lot by supplying weapons and military grade goods like tanks and submarines to countries, which the USA initiated conflicts in. Germany is a strategic partner in that regard. Also a lot of past economy was improved by bribes and whatever in other countries and abusing them. The WTO and European central Bank are effectively controlled by germany, which allows them to extort a lot of other countries politicians.
    One can think about that how one likes, but I really despise how they conduct 'trade relations'…

  9. Rich? the most people in germany are not rich. the most of them are normal hard working people, we have a lot of people they are poor, even they have two jobs. And now a lot of people have to struggle with enorm high energy costs. So only a few people in germany are rich, but the most of them, are not rich.

  10. the reason germany is so richt at this date is simply in the euro and the antiosocial "pseudosocial systhem" we have the biggest low income sector in europe( and thats the growing part of german economy ) and produce so cheap that that weaker economys cant compede countrys like greece for example cant produce as cheap as we can here and they have to use the same currency so there is no way to protect there own economy …. this was done by a bunch of antisocial right wing capitalist dumpfuck policitcans in the last 40 years
    ( and yes that includes the spd and green gouvernements)

  11. The new socialist "green"-ultra left wing German government is working flat out to make Germany the poorest and heavy destroyed country in Europe. So much destruction of a country in only one year is really a new record.

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