Social and Demographic Indicators
The total population of Germany in the year 2004 was 82.424 million. According to an estimate in July 2009, its population is 83.329 million. According to the statistics obtained from the World Bank Indicators, national development rate in Germany during 1997 and 2003 was 0.1 per cent, showing little growth in population. Nonetheless, the largest economy of Europe is Germany.
Germany is some what populated with 230 individuals residing per sq km in 2004. This population includes immigrants from different countries like Greece, Spain and Italy as refugees from East European Unions. .
As high urban population consists of 88 per cent of total population, majority of the people live in cities. According to the figures of World Bank (1997 -2003), life span of people is higher just like in other developed countries (such as expectancy in Germany is 80 per cent, which is fourth in all countries of the world.
According to the UNDP report of the year 2004, approximately 8.5 percent the Germany’s population lives below income poverty line. Gross primary enrollment which refers to the percentage of school age population is 207, with 103 for female and 104 for male population. Adult literacy rate is similar just like in other high income countries that is 99 per cent. Labor force growth rate of Germany is 0.1 percent which is short when compared to the growth rate of other high income countries.
Important Economic indicators:
The Gross National Income of Germanys’ economy was $ 25305 in the year 2003. While talking about purchasing power parity, per capita GNI in the year 2003 was US $27450, thus, pushing it at much, lower rank among all other OECD countries.
Since early 1980s, average yearly growth rate of GDP in the economy of Germany has declined no growth was recorded in overall output during the year 2003.
With effects of unfavorable external shocks declining, currently, the German economy is recovering, thus ending its few years in stagnation. It is back to its conventionally innovative, competitive and strong export oriented manufacturing division.
However, there is more potential and economy is far from operating to its full strength because of the weakness associated with the final domestic demand. Business confidence remains unstable or impulsive. Although financial conditions for the growth of GDP should remain supportive, a continuous German inflation disparity associated to the euro area would only mean real low interest rate risks damping the recuperation of demand in Germany to an extent, which cannot be remunerated by the equivalent gain in competitiveness.
Structural problems and cyclical weakness of the Germany’s economy impacts public budget sturdily, while ambiguity about how public finances will be put on a sturdily sustainable path is a factor discouraging confidence. Re establishing Germany's conventional economic strength needs a comprehensive plan response within a consistent framework.