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Economy of Germany: quick facts  

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Germany is the largest economy of Europe and the third largest in the world. It is ranked fifth in terms of purchasing power parity. Germany’s exports are one of the main reasons for its wealth and basically include engineering goods like automobiles, machinery and chemical goods.   

The average cost of living in Germany is relatively high. The cost also depends on the city. Shopping is comparatively cheaper in Germany than in UK.

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Travellers' choice

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