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The German economy showed substantial improvement in 2007 at 2.5% growth due to the effect of recent economic reforms and strong global economic growth. The export-led recovery is now filtering through to the domestic economy where private consumption has long been at a low level.  
 
The German economy showed substantial improvement in 2007 at 2.5% growth due to the effect of recent economic reforms and strong global economic growth. The export-led recovery is now filtering through to the domestic economy where private consumption has long been at a low level.  
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=== Economic History ===
      
In the 1960s, Germany had (ones of) hundreds of billions of dollars in GDP<ref>https://en.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP</ref>, being the third-largest economy, only next to the United States and the Soviet Union. However, in 1970, Germany had a $210 billion dollar economy, still being the 3rd largest economy, but being closely approached by Japan. The Germans climbed up to $475 billion in 1975, but got bumped down to fourth by the booming Japanese economy. In 1980, Germany went up to $920 billion, but still kept fourth place. Germany suffered a crash to $660 billion in 1985, still being fourth. In 1990, Germany exploded to $1.6 trillion, compared to the Soviet Union (3rd)'s $2.6 trillion. However, Germany went up to $2.6 trillion, overtaking the crashing Russian economy, and thus getting third place. In 2000, Germany went down to $1.95 trillion, still keeping third. Germany went to $2.875 trillion, being closely approached by the booming Chinese economy. Germany went to $3.3 trillion in 2015, but got bumped again to fourth, because of China's rapidly-growing economy. However, Germany grew slightly faster, when Germany got to $3.4 trillion in 2015. Germany now has a $4 trillion economy (as of 2020), but may be bumped down by 2025 by India's $3 trillion economy, which is booming dramatically.
 
In the 1960s, Germany had (ones of) hundreds of billions of dollars in GDP<ref>https://en.wikipedia.org/wiki/List_of_countries_by_largest_historical_GDP</ref>, being the third-largest economy, only next to the United States and the Soviet Union. However, in 1970, Germany had a $210 billion dollar economy, still being the 3rd largest economy, but being closely approached by Japan. The Germans climbed up to $475 billion in 1975, but got bumped down to fourth by the booming Japanese economy. In 1980, Germany went up to $920 billion, but still kept fourth place. Germany suffered a crash to $660 billion in 1985, still being fourth. In 1990, Germany exploded to $1.6 trillion, compared to the Soviet Union (3rd)'s $2.6 trillion. However, Germany went up to $2.6 trillion, overtaking the crashing Russian economy, and thus getting third place. In 2000, Germany went down to $1.95 trillion, still keeping third. Germany went to $2.875 trillion, being closely approached by the booming Chinese economy. Germany went to $3.3 trillion in 2015, but got bumped again to fourth, because of China's rapidly-growing economy. However, Germany grew slightly faster, when Germany got to $3.4 trillion in 2015. Germany now has a $4 trillion economy (as of 2020), but may be bumped down by 2025 by India's $3 trillion economy, which is booming dramatically.
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