Germany is considered a developed nation. A nation's stage of development is determined by a number of factors, including but not limited to economic prosperity, life expectancy, income equality, and quality of life. As an industrialized nation, Germany is able to offer its citizens social services such as public education, health care and law enforcement. Citizens of developed countries enjoy a high standard of living and a longer life expectancy than citizens of developing countries. Germany exports around $ 1,493 billion and imports around $ 1,233 billion each year. 3.6% of the country's population are unemployed. The total number of unemployed in Germany is 2,962,564. In Germany, 17% of the population live below the poverty line. The proportion of citizens living below the poverty line in Germany is relatively high, but does not give rise to complete concern about investments. Potential financiers should consider other economic characteristics such as GDP, rate of urbanization, and currency strength before making any investment decisions. Government spending on education is 4.5% of GDP. The country's Gini index is 27. Germany has a high level of equality. Income differences between citizens are only marginally significant. Germany has a Human Development Index (HDI) of 0.911. Germany has a very high HDI value. This shows that almost all citizens are able to lead a desirable life thanks to social and economic support. Citizens with a low standard of living receive help and support and have the opportunity to develop in society. The Global Peace Index (GPI) for Germany is 1.379. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, Germany is very safe by international standards. The strength of the legal rights index for Germany is 6. Overall, it is considered appropriate - the law on bankruptcy and collateral can at least adequately protect the rights of borrowers and lenders. Credit information is perfectly adequate and widely available.
The currency of Germany is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.
The depth of credit information index for Germany is 8, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Germany has a credit rating score of AAA, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Germany has a credit rating score of AAA, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Germany has a credit rating score of Aaa, and the prospects of this rating are stable.
In Germany, the institution that manages the state's currency, money supply, and interest rates is called German Federal Bank. Locally, the central bank of Germany is called Deutsche Bundesbank. The average deposit interest rate offered by local banks in Germany is 2.65%.
Germany has a government debt of 26% of the country's Gross Domestic Product (GDP), as assessed in 2013.
The corporate tax in Germany is set at 30%. Personal income tax ranges from 14% to 45%, depending on your specific situation and income level. VAT in Germany is 19%.