Innovative region: Germany
Germany dominates Europe as its largest and strongest economy. Last year, it ranked not only as Europe’s first economic power but also as fourth worldwide with a nominal GDP of $3.68 trillion, behind Japan’s $4.87 trillion.
A number of factors explain this. First, the country benefits from strong industrial activity, which last year accounted for around 23% of GDP. Sectors such as automotive manufacturing, chemicals, electrical engineering and industrial machinery have traditionally been leading the pool. With around €1.28 trillion…
