A long history of power rises and falls lasting through several centuries has not prevented Germany from emerging as one of the world’s most powerful nations today. It is undoubtedly the biggest economy in Europe, and it has continued to be a crucial figure in the economic, political and defense organizations in the continent. Notably, it was one of the eleven countries of the European Union (EU) to bring in the euro, the exchange currency in use throughout most of Europe.
Germany is also one of the most densely inhabited countries in Europe, with a population of about 82,431,390 as of July 2005. Despite the struggles brought about several factors, including its reintegration with Eastern Germany, its high unemployment rate as well as its aging populace, Germany still remains as a wealthy economy, and a highly technological one at that. It is, in fact, currently ranked as the third largest financial system in the world, after the United States of America and Japan. Also, it is the number 5 nation worldwide in terms of purchasing power parity.
Although it has been projected that this world power has grown to be one of the most sluggish nations among the euro countries, Germany is still expected to make a comeback and keep up in order to achieve economic amalgamation and globalization, which are the challenges set by the European nations upon themselves. These Germany intends to achieve via corporate reorganization and reshuffling, further boosting thriving capital markets, and dealing with its relatively inflexible labor market. Further prospective growth and development are seen to come about in the next few years—relatively slow, albeit a consistent one.
One of the biggest contributors to Germany’s gargantuan economy would be the exporting of goods. Needless to say, it is also a major source of this country’s affluence, with Germany being the world’s leading exporter. In point of fact, the World Trade Organization backs this up with data indicating that Germany exported about $1.133 trillion since the start of the year 2006. Particularly, Germany is a world leader in the export of engineering-geared industry, chiefly in motor vehicles, machinery and equipment, chemical merchandise, and metal goods. Moreover, Germany boasts of raking in 165 billion euros in trade excesses in the same year. Germany also prides itself in being the principal exporter of wind turbines, what with being the top-ranked nation in the world as regards the generation of electricity from wind power.
Not surprisingly, commercial property in Germany is practically flying off the shelves owing to this country’s established and branded economy. As has been the trend for the past few decades, Germany has maintained its reputation for being a hotspot for investments and in the commercial property market. In general, a steep rise was seen in the volume of investments in commercial property all over Europe in the past year, and this applies to Germany as well. In particular, international property experts perceive Germany to be a highly profitable market in terms of retail, leisure, and the industrial sector.