4 ms·
This reasoning is a too simple. It does not take the increase of energy effiency into account. On the contrary, these figures are proof of enormous success in t
by Archelaos 3y ago
This reasoning is a too simple. It does not take the increase of energy effiency into account. On the contrary, these figures are proof of enormous success in this respect.
As of 2022, the German production industry (excl. construction) had a share of 23.5% of GDP[1]. For the US it was only 11% in 2023.[2] I would not argue that one is better than the other. It first of all demonstrates a remarkable difference between the two economies.
Another one is the legacy of the German reunification. If one wants to assess the performace of the German economy in the last 35 years, one should take into account that a lot of investments had been made by the German state to bring up the infrastructure of the Eastern part (about 25% of the population) to a Western European standard. Eastern Germany is in a much better shape now than any other Eastern European region. And this investment is just starting to generate returns.
[1] https://www.statista.com/statistics/295519/germany-share-of-economic-sectors-in-gross-domestic-product/ https://www.statista.com/statistics/295519/germany-share-of-...
[2] https://www.visualcapitalist.com/visualizing-u-s-gdp-by-industry-in-2023/ https://www.visualcapitalist.com/visualizing-u-s-gdp-by-indu...