Mapped: Germany’s Economy Compared to 22 European Countries
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The $4.6 trillion German economy is the largest in Europe and the third-largest globally. But how does this compare in simpler terms?
In this map we visualize how Germany’s economy stacks up against the combined GDP of 22 other European countries using current prices. Data is sourced from the International Monetary Fund (IMF) via their latest economic projections for 2024.
Germany vs. Half of Europe
Draw an imaginary box from Germany’s eastern border to Russia’s western border, and from Finland up north to Albania down south. All the countries in this box together would equal Germany’s economy.
Here’s all how the GDPs stack up.
CountryCountryGross Domestic
Product (2024)Population (2024)
Poland Poland$845B37.6M
Sweden Sweden$623B10.5M
Austria Austria$541B9.1M
Norway Norway$527B5.5M
Romania Romania$370B18.9M
Czech Republic Czech Republic$326B10.7M
Finland Finland$308B5.6M
Hungary Hungary$223B9.6M
Slovakia Slovakia$141B5.4M
Bulgaria Bulgaria$108B6.7M
Croatia Croatia$88B3.8M
Lithuania Lithuania$81B2.8M
Slovenia Slovenia$72B2.1M
Serbia Serbia$88B6.7M
Belarus Belarus$69B9.3M
Latvia Latvia$45B1.8M
Estonia Estonia$43B1.3M
Bosnia Bosnia$29B3.2M
Albania Albania$25B2.8M
Kosovo Kosovo$11B1.8M
North Macedonia North Macedonia$16B1.8M
Montenegro Montenegro$8B0.6M
Germany Germany$4.6T84.6M
Some of the list includes other European heavyweights: Poland ($845 billion), Sweden ($623 billion), Austria ($541 billion), and Norway ($527 billion).
This bloc of countries has a combined population of 157 million people, almost twice the size of the 85-million strong German population.
Like most developed markets, the German economy is dominated by the services sector. But its industrial prowess is no slouch either. The country is known for manufacturing cars and medicines, mostly for export to the U.S. and the rest of Europe.
However, post-pandemic, Germany has been struggling. According to the IMF, it was the only G7 economy to shrink in 2023. Exports say this slowdown was caused by temporary headwinds (high energy prices and slowing consumer demand) and structural problems (an aging population and lack of public investment).
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Germany wasn’t the only European economy that shrank in 2023. Check out Real GDP Growth in Europe (2022–2023) to see who else saw their economic output fall year-over-year.
The post Mapped: Germany’s Economy Compared to 22 European Countries appeared first on Visual Capitalist.