How is Germany the richest country in Europe? (GDP)

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[mbathroom]

last time I was this early, there were 2 Germanies

[TheJoezaidan]

Just a tiny remark, Respectfully: Please don't compare Market Cap of Companies (Valuation) to GDP (Output) it is absolutely wrong and erroneous in every way possible, and it highlights a very weak understanding of Economics. Valuations are based on Profit Margin, on YoY Growth, on Innovation R&D Reinvestments, on Revenues / Valuation Multiple and more, making it more of an interpretation than pure number. However, Output is just simple number that cannot be interpreted and has only one interpretation; It consists of Production, Comparing them don't make sense. If you want to Compare the two most valuable companies in the World, worth a combined $ 5 Trillion, to Germany, you need to compare them to the total of all assets in Germany being at around $ 18-23 Trillion, not its GDP

[jenson]

Love Germany from Iceland, amazing country, with even better people!! 🇮🇸❤️🇩🇪

[duartevader]

My japanese and italian friends really like Germany, they have visited it before and they said it was amazing! Germany is such a great country

[cosmindvd]

Germany is the economic center of Europe, there are a lot of people working there from all of Europe, especially eastern and central Europe +Turkey, the industry is very developed. And everyone in Europe knows how Germany is as a culture, hard working, innovative, almost everything is well planned, and works fast.

[Mr.Septon]

It is pretty straightforward. When you have the second largest population in Europe, when you have an incredibly well educated, highly trained, and incredibly industrialized nation, while being the central figure of the European Union, it centres Germany in a position where it would take serious failings to not be the largest European economy. The fact that during the Cold War, Germany was essentially the frontline, it also made Germany an important location for further investment as well. All of this adds up to why Germany is arguably the most strong and stable of the largest global economies.

[fawkesmorque]

I think the numbers at the beginning are very misleading. You are comparing the money generated each year with the total market capitalization of the companies. Apart from the fact that the wealth of a nation is much more than just money (roads, buildings, technology, nature, people, ...), the market capitalization of a company is usually much higher than the actual money they really own, and rather an artificial number that can collapse at any time if investors lose confidence.
So there is no way you can say that these two companies are as rich as Germany as a nation. They are only a fraction of what Germany is "worth."
Oh, and later in the video you are compaing nations by GDP per capita. While this might be a better number than the GDP alone, it still doesn't count the goods and services a citizen enjoys on top of their individual wealth. The GDP per capita in the US may be much higher, but they also need to pay for their health insurance and other things with that money. So in the end, GDP per capita also isn't a "good" comparison.
Imho what really counts is how happy the citizens of a nation are. We are not at the top of that list, but at least above the richest country with its mega corporations. ;-P

[blanco]

3 reasons:
1. Largest population in Europe
2. Central location
3. EU status (economically)

[JakobFischer]

"Germany has coal and steel" from which century comes that information? Coal and steel are long gone and not a source of energy any more.

[jorgecuevas]

Coming from a latín american country, the GDP per capita of Germany is great actually

[summerfield]

DO NOT PAY YOURSELF FIRST. THAT'S THE WORST BUDGET ADVICE I'VE EVER HEARD. IT UNDERMINES THE CURRENT FINANCIAL REALITY OF THE LOW AND MIDDLE CLASS. BILLS, FIRST, SAVE AFTER.

[andreaswiesheu]

a major point, that makes us in germany so rich is the general public health care - everyone has to have it and no one has to worry to pay for hospital bills if you get sick - sure, it deducts from your pay, but if you need some expensive threatment, you get it without having to worry how to pay for it. that is something, that makes us all truly rich.

[british_patriot]

Love germany 🇩🇪 from the uk 🇬🇧 💙 ❤ 🇬🇧 🇩🇪

[illyrian]

I hope it will become the richest in the world 😇❤❤❤
God bless Germany 🇩🇪❤

[peterhomann]

Two very important factors of "wealth" in the broader sense of this word are totally amiss: and that is "benefits" and balance of work vs. personal time. I am German living in the US and claim the ability to contrast this:
1. Balance of work / personal time
at my pre-retirement age I would have a minimum of 4 or 5 weeks of paid vacation in Germany, here I have 3 weeks and most of my American friends consider this a "generous" benefit. Furthermore it is (almost) expected that one does not take this vacation time while In Germany it is expected to take it. In the US I am expected to be available for my company 24/7, the emails come in, the phone rings after hours and I am expected to answer RIDICULOUS. By contrast in Germany one works and then goes home to take care for personal life, family, friends. No boss dares to call you.
2. Germany offers by law and by far much better "benefits" with regards to vacation time, family leave, health care availability, educational expenses... All of this costs a worker a lot of money in the US but very little in Germany; in an honest comparison of personal income one should add these higher "benefits" received by a German individual to his/her salary.
There is also a philosophical difference. To call paid time off, health care insurance, social security, family leave etc. a "benefit" is such a demeaning definition. It is part of a negotiated deal between employer and employee, a right of a worker to take time off, to be cared for when sick and to take care for his/her children and be in a position to give them a good and affordable education as it is the right of the employer to expect good work when "on the clock". These are no "benefits" graciously granted to the employee by an almighty company, these are basic human rights. And that may well be the most important advantage of Germany. While Germans love to bitch about everything they also understand that they are far better off than in any other country when evaluating the entire package. Consequently there is no brain drain.

[yannickhauser]

Hi, I am from Germany and studding economics. Interesting video, but maybe you should focus on median earning instead oft average

[stevenjoy]

It has a reputation for quality. People are happy to pay a premium for it

[eyob]

Comparing a countries GDP and a companies total net worth (value) is laughably absurd! 😂

GDP measures what a country produced in ONE year and net worth..is the total worth…All assets - liabilities = net worth.

Germany “net worth” would probably be close to 100 Trillion.

While apple + Armco “GDP” would be less then 1 trillion combined.

[n.m.]

The Germans are the best engineers in the world

[mysteriousDSF]

6:12 amazing research, backing up facts with cultural background info; this is such a great channel!