Germany has a highly developed social market economy. As the largest economy in Europe, Germany maintains the third-largest by nominal GDP in the world, as well as the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but has ranked among the world's top four since 1960.
Germany has a highly developed social market economy. As the largest economy in Europe, Germany maintains the third-largest by nominal GDP in the world, as well as the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but has ranked among the world's top four since 1960.
Source: Wikipedia "Economy of Germany" · CC BY-SA 4.0
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