Germany Social Protection System Chelsea Ralston Thursday, November 27th

History World’s 3rd largest economy, 5th largest PPP (Purchasing Power Parity), and the largest economy in Europe. Strong advocate for closer political and economic integration of the EU. Operates with the euro, monetary policy is set by the central bank in Frankfurt. In 2003, the government started to gradually deregulate the labor market to tackle high unemployment levels.

History cont. To conserve competitiveness of workers, the unions have abandoned higher wage demands. The third largest agriculture producer in the EU: potatoes, wheat, barley, and various types of fruit. A large supply of coal and natural gas but has reduced its mining and production because of adopting environmental protection measures. Big emphasis has been placed on renewable energy sources, such as, solar, wind, biomass, hydro, and geothermal.

GDP per capita Germany USA EU Germany USA EU Total GDP Source: RTAL&screen=welcomeref&open=/t_na/t_nama/t_nama_gdp&language=en&product=REF_TB_national_a ccounts&root=REF_TB_national_accounts&scrollto=0

Total General Government Expenditure (as a % of GDP) Italy Germany EU Source: a=PORTAL&screen=detailref&language=en&product=REF_TB_government_statistics&root=REF_TB _government_statistics/t_gov/t_gov_a/tec00023

Germany’s Social Protection Social Protection: social benefits that are paid by the government to households intended to relieve them from the financial burden of a number of risks or needs. Such as: sickness, disability, occupational accident or disease, old age, maternity, unemployment, housing, education. Source: RTAL&screen=detailref&language=en&product=REF_TB_government_statistics&root=REF_TB_governmen t_statistics/t_gov/t_gov_a/tec00026

Social Protection Expenditure (as a percentage of total spending) Germany EU Italy Source: hema=PORTAL&screen=welcomeref&open=/t_gov/t_gov_a&language=en&product=REF_TB_g overnment_statistics&root=REF_TB_government_statistics&scrollto=0

Employment Rate Germany US EU The employment rate is calculated by dividing the number of persons aged 15 to 64 in employment by the total populated of the same age group. Source: PORTAL&screen=detailref&language=en&product=REF_TB_labour_market&root=REF_TB_labour_ma rket/t_labour/t_employ/t_lfsi/t_lfsi_emp/tsiem010

Unemployment Rate (ages 25-74) Germany Italy EU Source: RTAL&screen=detailref&language=en&product=REF_TB_labour_market&root=REF_TB_labour_market/t_l abour/t_employ/t_lfsi/t_une/tsdec460 The unemployment rate represents unemployed persons as a percentage of the labor force. To be considered a part of the labor force, one has to be actively seeking employment.

Long term unemployment rate Source: ORTAL&screen=detailref&language=en&product=REF_TB_labour_market&root=REF_TB_labour_market/ t_labour/t_employ/t_lfsi/t_une/tsisc070 Germany US EU The long-term unemployment (12 months or more) are those of at least 15 years old, not living in collective households, who are without work despite searching.

Taxation as Percentage of GDP Germany EU Italy Source: AL&screen=detailref&language=en&product=REF_TB_government_statistics&root=REF_TB_government_sta tistics/t_gov/t_gov_a/tec00018 Tax revenue is collected by the central government (Bund), the state (Laender), and local governments. The main two taxes are the value added tax (VAT) and an income tax. Tax revenue is distributed proportionately using a formula set by the constitution.

Gini Index- measures the degree of inequality in the distribution of family income in a country.

Countries Countries AT AT BE BE BG BG HR 29 HR CY CY CZ CZ DK DK EE EE FI FI FR FR DE DE EL EL HU HU IE IE IT IT LV LV LT LT LU LU MT MT NL NL PL PL PT PT RO RO SK 26 SK SI SI ES ES SE SE TR 4645 TR UK UK EU EU-15 EU EU-25 Souce: