Germany'S Economic Growth In 2010 Was 3.6%

2011/1/13 11:56:00 43

Economic Growth In Germany In 2010

Germany

The Federal Bureau of statistics released 12 reports that the German economy recovered strongly in 2010, with a growth rate of 3.6%, exceeding the government's original estimate of 3.4%, the fastest growth since the unification of two Germany.

The impetus for economic growth in Germany not only came from last year, the report said.

foreign trade

The increase in domestic demand also played a positive role, especially in the significant increase in equipment investment, an increase of 9.4%.

Foreign trade is the main driving force for the German economy to shake off the financial and economic crisis. The strong growth of foreign trade is an important pillar of Germany's economic development.

Last year Germany's exports grew by 14.2% and imports increased by 13%.

The contribution rate of foreign trade to GDP growth is 1.1 percentage points.

At the same time, Germany last year

Personal consumption expenditure

A slight increase of 0.5% led to an increase in government expenditure of 2.2%.

In 2009, the German economy plunged into a serious recession and the economy dropped by 4.7%.

In 2010, Germany got rid of the economic crisis.

Economic experts now predict that Germany's economic growth rate will be 2.2% in 2011.