Support our Sponsor

. . Flags of the World Maps of All Countries

  • |Main Index|
  • 1989 INDEX
  • Country Ranks
  • DEFINITIONS
  • geographic.org Home PageCountry Index

    Germany, Federal Republic of Economy - 1989
    https://theodora.com/wfb1989/germany_federal_republic_of/germany_federal_republic_of_economy.html
    SOURCE: 1989 CIA WORLD FACTBOOK

      Overview: The FRG is a major economic power and one of the world's leading exporters. The country has a modern industrial economy, with a highly urbanized and skilled population that enjoyed a per capita GNP of more than $18,000 in 1988. The FRG is poor in natural resources, coal being the most important mineral found in the country. Having a highly skilled labor force but lacking a resource base, the FRG's comparative advantage lies in the technologically advanced production stages. Thus manufacturing and services dominate economic activity, and raw materials and semimanufactures constitute a large proportion of imports. In 1987 manufacturing accounted for 35% of GNP, with other sectors contributing lesser amounts.

    Five Deutsche mark note
      GNP: $1,120 billion, per capita $18,370; real growth rate 3.6% (1988)

      Inflation rate (consumer prices): 1.2% (1988)

      Unemployment rate: 8.7% (1987)

      Budget: revenues $333 billion; expenditures $361 billion, including capital expenditures of $11.5 billion (1987)

      Exports: $294 billion (f.o.b., 1987); @m5commodities--manufactures 86.6% (including machines and machine tools, chemicals, motor vehicles, iron and steel products), agricultural products 4.9%, raw materials 2.3%, fuels 1.3%; @m5partners--EC 52.7% (France 12%, Netherlands 9%, Italy 9%, UK 9%, Belgium-Luxembourg 7%), other West Europe 18%, US 10%, Eastern Europe 4%, OPEC 3% (1987)

      Imports: $228 billion (f.o.b., 1987); @m5commodities--manufactures 68.5%, agricultural products 12.0%, fuels 9.7%, raw materials 7.1%; @m5partners--EC 52.7% (France 12%, Netherlands 11%, Italy 10%, UK 7%, Belgium-Luxembourg 7%), other West Europe 15%, US 6%, Japan 6%, Eastern Europe 5%, OPEC 3% (1987)

      External debt: $500 million (June 1988)

      Industrial production: growth rate 3.4% (1988)

      Electricity: (including West Berlin) 104,283,000 kW capacity; 439,211 million kWh produced, 7,200 kWh per capita (1988)

      Industries: among world's largest producers of iron, steel, coal, cement, chemicals, machinery, ships, vehicles, and machine tools; electronics, food and beverages

      Agriculture: grains, potatoes, sugar beets; 75% self-sufficient

      Aid: donor--ODA and OOF commitments (1970-86), $52.2 billion

      Currency: deutsche mark (plural--marks); 1 deutsche mark (DM) = 100 pfennige

      Exchange rates: deutsche marks (DM) per US$1--1.8304 (January 1989), 1.7562 (1988), 1.7974 (1987), 2.1715 (1986), 2.9440 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding Germany, Federal Republic of on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Germany, Federal Republic of Economy 1989 information contained here. All suggestions for corrections of any errors about Germany, Federal Republic of Economy 1989 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -


    https://theodora.com/wfb1989/germany_federal_republic_of/germany_federal_republic_of_economy.html

    Revised 15-Apr-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


    germany_federal_republic_of_economy