Germany - Economic sectors

Germany's economic structure is typical of highly industrialized economies that often have a very strong services sector. In 1999 about 68.4 percent of the GDP was contributed by services, 30.4 percent by industry, and 1.2 percent by agriculture, forestry, fishing, and hunting. Approximately 63.6 percent of the country's work-force was employed in services, 33.7 percent in industry, and 2.7 percent in agriculture. The largest industries in terms of employment in 1998 were manufacturing and mining with 8.65 million employees, miscellaneous public

and private services with 7.44 million, trade and tourism with 6.28 million, and public administration with 3.2 million. Other major employers were construction, business services and real estate, and transport and communications. Manufacturing has traditionally been the powerhouse of the economy, but its importance has declined significantly over the last third of the 20th century as a result of structural change. Manufacturing's share of the gross value added to the economic sector fell from 51.7 percent in 1970 to 32.8 percent in 1997. In the same period, the service sector increased its share markedly. Private services accounted for 37.3 percent of the gross value added in 1997, while commerce and transport accounted for 14.6 percent. Rapidly expanding branches, like information technology, communications, and the aerospace industry, have failed to compensate for the decline of traditional branches, such as textiles and steel, and the services sector has been unable to achieve high growth rates given that basic needs of the population are generally satisfied.

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Oct 29, 2010 @ 11:23 pm
Hi,I am a student researching trading relationships between Canada and Germany, and was wondering if I could get any more information by sending an e-mail. Thank your for taking your time in reading this. Hope to get a reply soon.

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