Contemporary Germany employs a highly skilled work force in the largest national economy as the largest exporter of high quality goods in Europe, like cars, machinery, pharmaceutics, chemical and electrical products with a GDP of 3.67 trillion USD in 2017….Economic history of Germany.

Why did France and West Germany start to build a political and economic union in Europe? They wanted to prevent their two countries from starting another war. What was the Maastricht Treaty? the agreement that made the European Union.

The European Union is set up with the aim of ending the frequent and bloody wars between neighbours, which culminated in the Second World War. As of 1950, the European Coal and Steel Community begins to unite European countries economically and politically in order to secure lasting peace.

From 1980 until 2021, Europe’s five largest economies have consistently been France, Germany, Italy, Spain and the United Kingdom. Throughout this time period Germany has always had the largest economy in Europe, while either France or the UK has had the second largest economy depending on the year.

Albania is not far behind Bosnia, with a GDP that is 30 per cent of the EU average, while Serbia and Macedonia are both on 35 per cent and Montenegro is on 42 per cent. Croatia, which is going to become an EU member state on July 1, is the richest country in the region. Its GDP is 61 per cent of the EU average.

Norway has a GDP per capita of $72,100 as of 2017, while in Germany, the GDP per capita is $50,800 as of 2017.

On average for the whole countries, Scandinavia is coldest, followed by Switzerland, Germany and the insular United Kingdom being overall the mildest.

It is fueled by oil and gas exports which not only makes it extremely efficient and stable, but also helps it to be one of the richest countries for many many more years to come. Another major reason why Norway is so wealthy is Petroleum. Norwegians enjoy the unparalleled levels of economic wealth.

The Briefing

• The richest country in the world is Luxembourg with a GDP per capita of over $109,000.
• The world’s 25 richest countries are located across North America, Europe, Asia, and Oceania.

5 coldest countries in the world: To travel or not, we leave it…

• Antarctica. Antarctica is the most chilly continent known by the fact.
• Canada. The capital of Canada’s Northwest Territories, Yellowknife is a home to over 20,000 people.
• Kazakhstan. The capital city records temperatures between minus 30 to 35 degrees Celcius during winters.
• Mongolia.
• Russia.

108.14°F.

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