Angela Merkel’s economic legacy

Angela Merkel departs as Chancellor of Germany having guided the world’s fourth largest economy for 16 years
  

Germany gross domestic product 		Unemployment rate 00%

Exports (goods and services) Germany China U.S.


Nov 2005: Angela Merkel succeeds Gerhard Schroeder as Chancellor. In her first term, jobless rate plunges from above 11% to 7%

2008-09: Global financial crisis – Germany sees 21% fall in exports

2009-13: Wins second term 

2013-18: Unemployment falls to 5.2% over her third term
  
2015: Popularity slides as Merkel admits 1.5 million asylum-seekers

2017-21: Merkel wins fourth term. Popularity soars during pandemic. Jobless rate falls to 3.1%


Current US$ trillions
4.0
3.5
3.0
2.5
2.0
1.5 
1.0
0.5 
0.0
2005 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20


2.846	2.992	3.730	3.390	3.744	3.732	3.884	3.356	3.975	3.888	3.846
11.17%			6.97%		5.23%				3.14%
	
1.302	2.377	2.123

1.083	1.634	1.687	1.772	1.880	1.670

0.773	1.295  2.723


Sources: World Bank, Brookings 
Picture: Sean Gallup / Getty Images 
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