The Federal Republic of Germany is a densely populated country in middle Europe.It is a parliamentary democracy with the federal president Joachim Gauck as head of state and since 2013 Angela Merkel as Chancellor who is the head of government. It is divided in 16 federal states, its capital city and the city with most inhabitants is Berlin. Germany borders Denmark, Poland, Czech Republic, Austria, Switzerland, France, Luxemburg, Belgium, Netherlands, the North Sea and the Baltic Sea.
The official language is German, but English is widely spoken and many others speak even more foreign languages. With 80,8 Million inhabitants Germany is one of the most densely populated nations in the world and the most populated country of the European Union.
Moreover, Germany is one of the founding members of the European Union, a member of UNO, the OECD, NATO, G7 and G20. Apart of that it creates a monetary union with 18 other EU member states, which is called the Eurozone and is home to the head office of the European Central Bank, the international Court of Sea and the European patent office.
The largest and most important cities are Berlin, Hamburg, which has the second largest port in Europe, and Munich. Measured on the GDP Germany is with 2.6 trillion euros the biggest national economy of Europe and 4th biggest of the world. It constitutes 21 percent of Europe’s GDP (EU-28) and is home to 16 percent of the total European Union (EU) population. 2013 it even was the 3rd biggest import and export nation.
Few countries are as tightly connected into the world economy as Germany is.
World wide it is the leading country in automotive industry and machine building and a preferred destination for foreign investors, too; nearly four percent of international direct investment flows into Germany. In addition to an excellent investment climate Germany offers international investors outstanding economic conditions. Consequent market and labor reforms and a moderate development of unit labor costs have significantly improved the competitiveness of businesses in Germany.
Apart of that a large number of important trade fairs, conference centers and exhibitions are placed in Germany. Essential is also the import of energy commodities as well as of nearly all other commodities.
Germany’s economic freedom score is 73.8, making its economy the 16th freest in the 2015 Index. Its overall score is up by 0.4 point from last year, with improvements in the management of public spending and labor freedom outweighing declines in freedom from corruption and business freedom. Germany is ranked 7th out of 43 countries in the Europe region, and its score exceeds the world and regional averages.
Germany’s judicial system, independent and free of corruption, enforces contracts reliably. Openness to global trade and investment has enabled Germany to become one of the world’s most competitive and flexible economies.