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Germany ranks as the fourth-largest economy globally—though some argue its position may have shifted—and the largest within the European Union. It plays a pivotal role in global trade, being the world’s third-largest exporter of products. Its manufacturing sector, which constitutes roughly 24% of its gross value added, has historically driven the nation’s robust export performance and GDP growth.
The core strength of Germany’s economy relies heavily on its manufacturing prowess, fueled by access to inexpensive energy and raw materials. This cost advantage has enabled Germany to maintain high profit margins and expand its industrial capacity over the decades.