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IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MONUC, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIKOM, UNMIBH, UNMIK, UNOMIG, UPU, WADB (nonregional), WEU, WHO, WIPO, WMO, WToO, WTrO, ZC Diplomatic representation in the US: chief of mission: Ambassador Juergen CHROBOG chancery: 4645 Reservoir Road NW, Washington, DC 20007 telephone: [1] (202) 298-8141 FAX: [1] (202) 298-4249 consulate(s) general: Atlanta, Boston, Chicago, Detroit, Houston, Los Angeles, Miami, New York, San Francisco, Seattle consulate(s): Wellington (America Samoa) Diplomatic representation from the US: chief of mission: Ambassador John C. KORNBLUM (was due to resign on 20 January 2001) embassy: Neustaedtische Kirchstrasse 4-5, 10117 Berlin mailing address: PSC 120, Box 1000, APO AE 09265 telephone: [49] (30) 238-5174 FAX: [49] (30) 238-6290 consulate(s) general: Duesseldorf, Frankfurt am Main, Hamburg, Leipzig, Munich Flag description: three equal horizontal bands of black (top), red, and gold Germany Economy Economy - overview: Germany possesses the world's third most technologically powerful economy after the US and Japan, but structural market rigidities - including the substantial non-wage costs of hiring new workers - have made unemployment a long-term, not just a cyclical, problem. Germany's aging population, combined with high unemployment, has pushed social security outlays to a level exceeding contributions from workers. The modernization and integration of the eastern German economy remains a costly long-term problem, with annual transfers from western Germany amounting to roughly $70 billion. Growth picked up to 3% in 2000, largely due to recovering global demand; newly passed business and income tax cuts are expected to keep growth strong in 2001. Corporate restructuring and growing capital markets are transforming the German economy to meet the challenges of European economic integration and globalization in general. GDP: purchasing power parity - $1.936 trillion (2000 est.) GDP - real growth rate: 3% (2000 est.) GDP - per capita: purchasing power parity - $23,400 (2000 est.) GDP - composition by sector: agriculture: 1.2% industry: 30.4% services: 68.4% (1999) Population below poverty line: NA% Inflation rate (consumer prices): 2% (2000 est.) Labor force: 40.5 millio
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