As of 2016, Germany has one of the largest gross domestic products worldwide, only surpassed by the United States, China and Japan. Additionally, Germany is ranked amongst all countries with the largest GDP based on their purchasing power parity in the same year. Compared to 2016, Germany is expected to see a rise in its GDP in 2017, and its gross domestic product per capita is expected to grow again after a slight slump in 2015. The country’s average unemployment rate has significantly decreased over the last ten years as well.
The estimated national debt of Germany accounted for about 68 percent of the country’s total gross domestic product in 2016, placing it seventh among industrial and emerging countries ranked by their national debt in relation to their respective GDP. Based on a ranking from 2016, Germany was one of 11 countries in the European Union with a positive budget balance.