Exports and imports as a percentage of GDP are greater in Germany than the United States.

Question

Quizplus · Accepted Answer

Germany is known as an export-oriented country and has a strong economy heavily relying on exports. According to the World Bank, in 2020, Germany had exports that accounted for 43.36% of its GDP, while the United States had exports that accounted for 9.14% of its GDP. Similarly, Germany had imports that accounted for 39.02% of its GDP in 2020, while the United States had imports that accounted for 15.06% of its GDP. Therefore, exports and imports as a percentage of GDP are greater in Germany than in the United States.

Exports and Imports as a Percentage of GDP Are Greater