Germany - Share of economic sectors in gross domestic product (GDP) 2023 | Statista (2024)

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Germany - Share of economic sectors in gross domestic product (GDP) 2023 | Statista? ›

Share of economic sectors in gross domestic product in Germany 2023. In 2023, the services sector's share in Germany's gross domestic product amounted to 69.6 percent, while the secondary and primary sectors generated less than a third of GDP together.

The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports accounted for 50.3% of national output.

With a 70% share of the GDP, the service sector contributes by far the largest share of the country's economy. In addition, Germany is a top destination for investors, attracting an ever increasing number of companies to make greenfield investment there.

The Gross Domestic Product (GDP) in Germany was estimated to be $5.82 trillion dollars in 2023 by World Economics - 11% larger than official estimates.

Agriculture, forestry, and fishing, value added (% of GDP) in Germany was reported at 0.72324 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources.

Altogether the wealthiest ten per cent of households together own about 60 per cent of the total wealth, net, i.e. minus debts. The lower 20 per cent have no assets at all. About nine per cent of all households have negative equity and are in debt (Grabka and Westermeier 2014).

A Divided Germany

After the Potsdam conference, Germany was divided into four occupied zones: Great Britain in the northwest, France in the southwest, the United States in the south and the Soviet Union in the east. Berlin, the capital city situated in Soviet territory, was also divided into four occupied zones.

Germany's principal industries include machine building, automobiles, electrical engineering and electronics, chemicals, and food processing.

Auto woes. The German car industry, which accounts for around 5% of the economy, is struggling to recover from the blow dealt by the pandemic and snarled supply chains.

In 2022, agriculture had contributed around 2.57 percent to the GDP of South Africa, whereas industry and services had contributed 24.44 and 62.61 percent of the total value added, respectively.

What is Germany's GDP compared to the United States? ›

Germany vs the United States: Economic Indicators Comparison

The United States with a GDP of $20.5T ranked the 1st largest economy in the world, while Germany ranked 4th with $3.9T.

The United States upholds its status as the major global economy and richest country, steadfastly preserving its pinnacle position from 1960 to 2023.

Germany recorded a Government Debt to GDP of 63.60 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Germany averaged 66.41 percent of GDP from 1995 until 2023, reaching an all time high of 82.00 percent of GDP in 2010 and a record low of 54.90 percent of GDP in 1995.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product. Germany trade to gdp ratio for 2022 was 99.88%, a 10.72% increase from 2021. Germany trade to gdp ratio for 2021 was 89.16%, a 8.01% increase from 2020.

In areas of high natural fertility, wheat, barley, corn (maize), and sugar beets are the principal crops. The poorer soils of the North German Plain and of the Central German Uplands are traditionally used for growing rye, oats, potatoes, and fodder beets.

Employment in agriculture (% of total employment) (modeled ILO estimate) in Germany was reported at 1.2406 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources.

Service-based industries, including professional and business services, real estate, finance, and health care, make up the bulk (70%) of U.S. GDP. In comparison, goods-producing industries like agriculture, manufacturing, mining, and construction play a smaller role.

Married couples can choose to be taxed jointly and make use of income splitting. This implies that the income tax of a married couple is calculated by applying the tax function to half of the sum of taxable incomes of the spouses, and the resulting amount is then doubled to determine the tax liability of the couple.

German economic system

Germany is a mixed economy. A mixed economic system is a system that combines aspects of both capitalism and socialism. More specifically, it is a social market economy. Note: The term 'social market' is not be confused with the term 'socialist economy'.

Indian Economy overview: sectors

Primary = Agriculture-related. Secondary = Industry related. Tertiary = Service related. Sector share towards GDP: Tertiary (60%)> Secondary (28%)> Primary(12%).