Germany in Numbers
Germany is home to the largest economy in Europe. Highly industrialized and diversified, the national economy accounts for around 25 percent of European gross domestic prodction.
Germany’s economy has been affected by the global coronavirus pandemic. However, the expected economic downturn in 2020 was less severe than expected. Gross domestic production was down 4.9 percent in 2020 - significantly less than the slump experienced in other countries. Large catch-up and carry-over effects in 2021 and 2022 should buoy the German economy, allowing the country to return to pre-crisis levels in 2022.
