Starting a new solar panel company in Germany Research Paper

Starting a new solar panel company in Germany - Research Paper Example The sophistication of the economy is in evidence in the way high technology dominates its industries, with cars, chemicals, machineries, and related products constituting the core of its exports to the rest of the world. Outside of Europe too, in the context of the larger world economy, Germany’s economy stands proud as the fifth largest in the world. The sophistication of its products on the other hand also imply one, the presence of a highly technical and highly educated and intelligent workforce, and two, a sophisticated economy with serious and equally sophisticated energy needs. By way of quantifying the economy, in 2013 it was valued at $3.227 trillion at purchasing price parity, making it officially the sixth largest economy in the world. Its per capita GDP on the other hand is pegged at $39,500, making it number 29 in that area in the whole world, and highlighting the prosperity of the country and its citizens in general. The country also boasts of a labor force that i s entirely devoted to industries and to services except for less than two percent of about 44 million German workers. That 1.6 percent of the workforce toils in the agriculture sector. Industry makes up about a quarter of the labor force, while the rest, or close to three quarters, are involved in services (2; 9). Other indicators of economic health, such as economic freedom, also indicate a German economy that has been on the up and up for a long time, and in a way has never been in better shape as now, with the country achieving its highest rating for economy freedom historically in 2014. Moving back twenty years into the past, Germany was deemed as having an economy that was moderately free, but has since moved into the category of mostly free countries in the past eight years, advancing in its ranking consistently throughout that time, to achieve its highest rating at present (13). Elsewhere the prognosis is that Germany has moreover done better than its