Germany - Europe's Largest Economy
With a population of over 82 million, Germany is the largest country in the European Union. A labor force of almost 39 million, including four million entrepreneurs, make the country the continent's largest economy, with a gross domestic product of around 2.2 trillion euros in 2004.
The German economy is characterized by small and medium-sized enterprises, which make up 85 percent of all companies. As a result, the economy is particularly flexible, varied, and competitive. Many highly specialized companies enjoy a leading position on world markets, because research and development is particularly fostered in the SME sector. By quickly implementing innovations, companies are able to secure their leading roles in their fields.
However, Germany is also home to many large, international companies. The economy is traditionally strong in mechanical engineering, the automotive industry, aerospace, logistics, and the pharmaceutical and chemical industry. German companies also lead the field in new technologies such as the IT/ICT sector, nanotechnology, optoelectronics, medical technology, renewable energies, and biotechnology. In the new technology sectors, Germany not only provides a good infrastructure but also offers a large network of suppliers, particularly in the various industry-specific cluster regions. The transition from an industrial society to an information society has long since been made in Germany."Made in Germany" - A Global Brand
(Data taken from Invest in Germany)