I was talking with a friend the other day about Germany's economy and how it is stereotyped as being very industrial and intuitive. So, for this AMD I decided to do a little research on Germany's and see if these stereotypes had an basis today. While Germany does have an excellent economy, especially for the size of its landmass, I would not say that it is particularly industrial based. According to statistics, industry accounts for only 28% of the national GDP, whereas the servoce sector accounts for over 78% of the GDP. We see Germany as so industrial because of the how much of its industry produced products it ends up exporting. As I said above, Germany has the 4th largest national GDP in the world. It was also the world's leading exporter from 2003 to 2008. The reason they are able to export so many of their products is because they are only the 15th most populated country. They produce so much more than is demanded that they sell their products worldwide, giving us a reason to see them as very industry based. If I asked you to guess what their primary export was, do you think you could guess it? Cars, not surprisingly so, account for almost ten percent of all of Germany's exports, Mercedes-Benz, BMW, Audi, and Porsche being the most popular. Maybe America could take a page out of Germany's book?
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