What were the economic situation in germany and usa
Answers
✨ANSWER✨
The economic situation of USA and Germany are a follows:--
⚫GERMANY⚫
The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP. In 2017, the country accounted for 28% of the euro area economy according to the Surveys. Germany is a founding member of the European Union and the EURO ZONE.
⚫USA⚫
The economy of the United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity .It also has the world's eighth-highest per capita GDP (nominal) and the tenth-highest per capita GDP in 2018.The U.S. has the most technologically powerful economy in the world .
Answer:
Overall, the U.S. economy is the largest in the world, squashing the size of every other nation on Earth. At the same time, its debt-to-GDP ratio, measuring the size of a country's debt compared to its GDP, isn't even in the world's top 10. This shows a healthy US economy which still rules the world.
The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP). In 2017, the country accounted for 28% of the euro area economy according to the IMF.