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Finances of Germany

The monthly minimum wage in Germany is 1655 USD. According to a 2013 estimate, Germany's national debt amounts to 26% of gross domestic product (GDP). Based on consumer prices, the inflation rate in Germany is 1.6%. The currency of Germany is the euro. There are several plural forms of the name “Euro”. These are euros, euros. The symbol used for this currency is € and is abbreviated as EUR. The euro is divided into cents; There are 100 in a euro. Every year, consumers spend around $2,086,559 million. The ratio of consumer spending to GDP in Germany is 0.06%, the ratio of consumer spending to the global consumer market is 485%. The corporate tax in Germany is 30%. Personal income tax ranges from 14% to 45%, depending on your specific situation and income level. The VAT in Germany is 19%.

Gross domestic product
The total gross domestic product (GDP), calculated as purchasing power parity (PPP), in Germany is $3,748,094 billion. The gross domestic product (GDP) in Germany, calculated as purchasing power parity (PPP) per capita, was most recently at $45,545,468. The PPP in Germany is considered very good by international comparison. A very good PPP indicates that citizens in this country find it easy to buy local goods. Local goods may include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Germany is 3,730,261 billion. Based on these statistics, Germany is considered a large economy. Countries with large economies support a variety of industries and businesses and offer numerous investment opportunities. Large economies have extensive financial sectors that facilitate the organization of investments and financial transactions. It should be very easy to find good investment opportunities in Germany. The gross domestic product (GDP) per capita in Germany was most recently at $45,328,768. The average citizen in Germany has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries, and labor is very expensive in these countries. Very wealthy countries offer opportunities for safe investments as they are often supported by a diverse and thriving financial sector. The annual GDP growth rate in Germany averaged 1.4% in 2014. Accordingly, Germany is currently experiencing moderate growth. Countries with modest growth offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will grow accordingly.