After unification, Germany's trade surplus shrank for several years, yet West Germany had shown a dramatically high trade surplus during the late 1980's and into the early 1990's, reaching almost $80 billion U.S. dollars in 1988; by 1991, a united Germany showed a much lower surplus. As of 1999, exports reached $610 billion, made up of machinery, vehicles, chemicals, metals, foodstuffs and textiles. Germany's main exporting partners, as of 1998, were the European Union, France, Great Britain, Italy, the Netherlands, Benelux, the United States and Japan. Import-wise, as of 1999, the figure stood at $587 billion with the import products comparing favorably with the exports; Germany also...
In 2001 and 2002, real growth was at about 0.6%, but in 2003, Germany "experienced a negative GDP growth about -0.1%; the expected growth for 2004 and 2005 is about 1%" ("The German Economy," Internet).Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now