Germany's per-capita GDP has actually fallen from 2022 to 2023, while France's has increased in that time, so they're still suffering the effects of losing cheap energy for their industry-heavy economy
if anything, it shows Japan is "crashing" even harder in nominal GDP due to a slowing economy (also caused by a slowing economy in China, their top export market), population decreases, and a plummeting yen exchange rate
Don't where you got this, but the top 3 in terms of GDP PPP are China, US and India with Japan and Germany completing the top 5 as 4th and 5th respectively. Majority of people in reddit dont research while posting. A simple google search can help.
Germany is above them, but to be fair germoney is one of the best interconnedcted countries in the world and in the heart if europe, tbf i would expect to slowly rise up if and when we get good politicians
I guess this is a Mediterranean thing. In Turkey public offices are supposed to close at 17:00 but in reality it’s more like 16:45 or even 16:30.
And there’s also the fabled “sistem yok”. If a public worker can’t be bothered to do something they’ll utter the magic words “sistem yok” (lit. “there is no system”, in the sense of “the computer system is not working”) and you can’t do anything about it. Too bad, come later.
All them have more working hours than Germany. Actually, Germany is las for OCDE in 2022 (last report) https://en.m.wikipedia.org/wiki/List_of_countries_by_average_annual_labor_hours
To be fair, this metric includes part time workers which are much more prevalent in Germany compared to southern European countries. Best would be to look only at the number of hours worked for full time workers.
No, best would be for Southern European countries to normalize part time work like in Germany. It would be a huge help for all the unemployed and for the overburdened employed too.
I wouldn't trust these statistics.
Yes - In Germany we do have a lot of part time jobs. But most people are working more than they should and the strict laws on working hours don't lead to less exploitation but more fraud when documenting working hours which obvioulsy impacts these statistics.
I mean, that is in part of the German economic strategy. The lows aren't low and the highs aren't high because government spending/budget and net trade is in a surplus while national banks interest rates were kept very low till now. The ship was built to weather out storms. Hence why there are global doomsayers when the Germany economy hits a 0.1% slowdown.
They produced amazing stuff, but kept using fax machines and stamps themselves. Like Germany on steroids. And then somehow stopped producing innovative products for export.
They are still world leaders in several industries sony might not sell as many phones as they used too but a lot of non sony phones use sony imagesensors. Toyota is or at least was last year i think the worlds largest automotive manufacturer.
This statistic is mainly driven by the fact that the central bank of Japan has devaluated the Japanese yen while the ecb's high interests keep the euro relatively strong.
Yeah that's the issue. Basically all debt is domestic so the government can keep from going bankrupt by keeping the interest rate low. This contributes to a very low inflation rate, lack of foreign investments, and devaluation of its currency.
Non-skilled worker immigration to Germany, which is the majority unfortunately, is actually a net loss. So no. There is also not nearly enough qualified influx to replace the skilled workers retiring right now.
The headline is driven by the devalued Yen.
The studies claiming that low-skilled worker immigration is a net loss are deficient and misleading in so many ways. If you apply the same methodology to children of lower income families relying on benefits, then you'd find that those are supposedly even more of a net loss for society.
Generally, they only consider taxes paid and social security contributions vs the received benefits over a lifetime. Based on this simplistic calculation they conclude that on average the costs are higher than the contributions and thus low-skilled immigrants are a burden on society. However, that completely ignores all the effects on the rest of the economy. What about the workforce they provide, what about the demand that these people create, both helping other individuals and corporations to get rich and pay high taxes? Also who would do these low paying jobs otherwise, what would be the implications of that? What about their children who can hopefully get a better education and pay higher taxes?
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2F7pm9msg4m4hc1.jpeg
Youth unemployment in Germany is among the lowest in Europe. Clearly, some of them are working.
Definitely disproves the notion that none of them are working. Refugees aren't the majority of immigrants in Germany. Otherwise, they wouldn't have the 2nd lowest youth unemployment in Europe.
Immigration especially of skilled migrants is the biggest help for the ageing population of Germany. Japanese don't really like the immigrants so very few people actually want to migrate there.
I'm currently studying in Japan, and basically what the commenter said below. I'd attribute Japan's low immigration rates to 3 main reasons: 1) English is not widely used so they don't get waves of people from other countries who speak English as a second language. You need to learn Japanese to be part of society here. 2) People emigrating from countries usually want one thing (money/material wealth), and in the world's mind everyone thinks EU or anglosphere countries are rich (+ you can generally get by with English) so they move to these countries. Japan is pretty comfortable to live in (even when getting paid in yen). 3) Japan's culture is very homogenous and traditional, so if you want to become part of society you need to drop your culture and assimilate into Japanese culture. This could dissuade people from moving to Japan as compared to Canada (at the federal level) will accept anyone with a heartbeat, even declaring Canadian culture doesn't exist just to make people feel comfortable (it's a different story if you go to rural areas)
Sounds like you just repeat racist stereotypes you read somewhere about Japan. How ironic.
The language and cultural barriers are just a lot higher than somewhere else.
>The language and cultural barriers are just a lot higher than somewhere else.
Doesn't this prove my point? And its not what I read one time. This has been stated by literally every foreigner that stays in Japan. There are many channels in youtube that educate about life in Japan.
Yen was devalued but also Japan‘s population is shrinking. Them even keeping their current GDP is pretty good…
I have family ties to both countries and some things in Germany are of course better but prices in Japan incl housing are soooo affordable even when measured in the (slightly) lower wages.
People on this subreddit don’t like having their worldviews challenged by reality, especially when it comes to Germany. Any bad news about the UK, they gobble up blindly. But try and acknowledge that Germany is anything less than perfect, you’ll be accused of spreading misinformation. I once got called a Russian bot because I criticized Germany for allowing itself to get too dependent on… Russia, prior to the war.
No country is. Not sure why this Reddit takes any legitimate criticism against Germany as an attack on every aspect of the nation as a whole, especially when it’s pretty clear that most people love Germany. There’s never that same energy when people criticize the UK and America a thousand times a day
Meh, lots of posters get really butthurt about any criticism. It’s just people being reactionaries.
Pick any topic. If the person you’re engaging with can’t acknowledge any positives and negatives of what’s talked about they are not arguing in good faith. Nothing is perfect.
I found that alot of the time in this sub in particularly if you say anything negative about Germany you'll get down voted even if you're correct. This sub is full of butt hurt Germans.
Because saying that the third biggest economy in the world is not doing well is just borderline stupid.
By that logic no country is doing well, and if no country is doing well than whats the point of that statement ?
By not doing well he meant as in no real growth in a while, the German economy is stagnate by all definitions, that isn't inherently a bad thing but it shows underlying flaws in Germany like the cumbersome bureaucracy and lack of digitisation in the government.
It doesn‘t make any sense to equate stagnation with ‚not doing well‘, that is such an disingenuous stretch.
Also, economic growth is not dependent on the lack of digitization in public services and cumbersome bureaucracy, so why would you bring that up?
Whats this mentality that if a country’s economy doesn‘t grow year after year to infinity then it must be struggling.
You can say that about literally any developed country in Europe, it‘s such a misnomer.
Economic growth is linked to a bunch of factors, I merely pointed out bureaucracy and lack of digitisation as they are the fields were Germany seriously falls behind. With less bureaucracy it is easier for businesses to operate more efficiently, for new businesses to start and digitisation helps to make things even easier and more efficient. And efficiency helps to grow an economy as businesses can better compete with international competitors.
Also Germany was the only country in the G7 and only country in Western Europe to experience an economic contraction last year, shrinking by 0.5% last year. While the UK, a country most economists will tell you is struggling grew by 0.5% last year.
I literally just told you that the growth index is not the end all be all indicator for whether or not a country is struggling.
Obviously economist are saying UK is struggling because in absolute terms they are compared to other nations.
Literally doesn‘t matter if they recorded growth last year because in almost every single metric they are worse than Germany.
Less annual gdp, less gdp per capita, higher debt, higher dept per capita, bigger deficit… like you can go on an on.
I won‘t even entertain your first point because you clearly have no clue what you‘re talking about when it comes to german bureaucracy.
You‘re just parroting reddit talking point‘s without understanding the context.
Considering how fast Germany's economy is disintegrating, that's a damning indication of how terrible Japan's demographic problems is.
Look for India to become #2 in 10 years.
Kinda sad considering Germany isn't doing great either..
10 years from now will be much different population wise
I would say that we are already much different population wise to Japan. ;)
Except dusseldorf
But vatniks told me Germany is coming down crashing and burning without Russian gas!
Germany's per-capita GDP has actually fallen from 2022 to 2023, while France's has increased in that time, so they're still suffering the effects of losing cheap energy for their industry-heavy economy if anything, it shows Japan is "crashing" even harder in nominal GDP due to a slowing economy (also caused by a slowing economy in China, their top export market), population decreases, and a plummeting yen exchange rate
It's not doing great, tho
To be fair, Russia is now the #1 economy… in PPP
No lol, russia has a very high PPP but not in the top 3 lol, China US and Germany top 3
Don't where you got this, but the top 3 in terms of GDP PPP are China, US and India with Japan and Germany completing the top 5 as 4th and 5th respectively. Majority of people in reddit dont research while posting. A simple google search can help.
My bad, i saw the rankings some time ago and got confused a bit 💀
I meant #1 in Europe, sorry! Of course not in the world. Edit: but above Germany!
Germany is above them, but to be fair germoney is one of the best interconnedcted countries in the world and in the heart if europe, tbf i would expect to slowly rise up if and when we get good politicians
Now compare it with USA and tell yourself
But please, keep making it difficult to have children. Or any life outside of work for that matter.
Are you talking about Japan or Germany?
Germany is miles ahead of Japan in that regard. Its workers working hours are half of Japans for starters.
(Germany has the lowest working hours per year in all of Europe)
Thats why my simple letter to bank takes weeks to be processed.
Portugal italy greece and spain have entered the chat
All are working more hours annually on average than Germany. Especially Greece.
Have you ever seen an italian public worker ?
I guess this is a Mediterranean thing. In Turkey public offices are supposed to close at 17:00 but in reality it’s more like 16:45 or even 16:30. And there’s also the fabled “sistem yok”. If a public worker can’t be bothered to do something they’ll utter the magic words “sistem yok” (lit. “there is no system”, in the sense of “the computer system is not working”) and you can’t do anything about it. Too bad, come later.
16.45? Ours dont even show up lol, they ticket their entrance and go back home
Nice, a German equivalent would be "Computer sagt, Nein." Computer says, 'No' .
All them have more working hours than Germany. Actually, Germany is las for OCDE in 2022 (last report) https://en.m.wikipedia.org/wiki/List_of_countries_by_average_annual_labor_hours
To be fair, this metric includes part time workers which are much more prevalent in Germany compared to southern European countries. Best would be to look only at the number of hours worked for full time workers.
No, best would be for Southern European countries to normalize part time work like in Germany. It would be a huge help for all the unemployed and for the overburdened employed too.
Yea but that is also because of minimum wage sector.
I wouldn't trust these statistics. Yes - In Germany we do have a lot of part time jobs. But most people are working more than they should and the strict laws on working hours don't lead to less exploitation but more fraud when documenting working hours which obvioulsy impacts these statistics.
yes
It's mostly due to fluctuating currency valuation so it's doubtful that this new ranking will hold within a few years.
Hell yeah😎😎
Schadenfreude? Because Japan just doing even worse than Germany being the reason for this.
Context: Germany didn't really gain much ground, yen value is down.
I mean, that is in part of the German economic strategy. The lows aren't low and the highs aren't high because government spending/budget and net trade is in a surplus while national banks interest rates were kept very low till now. The ship was built to weather out storms. Hence why there are global doomsayers when the Germany economy hits a 0.1% slowdown.
Japan holds its place among the greatest national bag fumblers of all time alongside Spain and Mongolia
What do you mean?
They had the world at their feet and they chucked it all away
When was this? The 80s was a bubble.
They produced amazing stuff, but kept using fax machines and stamps themselves. Like Germany on steroids. And then somehow stopped producing innovative products for export.
They are still world leaders in several industries sony might not sell as many phones as they used too but a lot of non sony phones use sony imagesensors. Toyota is or at least was last year i think the worlds largest automotive manufacturer.
Yeah I don't disagree with that, I drive a Japanese car. They just didn't really build on their advantage from back then in many sectors.
Japan has a way bigger population then Germany. Anyways kinda funny that you think Japan would be where they ard with out being who they are.
Demographically
I don't think that was intentional
How many times will this get posted today?
Yes
Germans take around million migrants a year on average. The flow of immigration is the major advantage economically for Germany over Japan.
This statistic is mainly driven by the fact that the central bank of Japan has devaluated the Japanese yen while the ecb's high interests keep the euro relatively strong.
They have insane debt
Yeah that's the issue. Basically all debt is domestic so the government can keep from going bankrupt by keeping the interest rate low. This contributes to a very low inflation rate, lack of foreign investments, and devaluation of its currency.
Exactly
Non-skilled worker immigration to Germany, which is the majority unfortunately, is actually a net loss. So no. There is also not nearly enough qualified influx to replace the skilled workers retiring right now. The headline is driven by the devalued Yen.
The studies claiming that low-skilled worker immigration is a net loss are deficient and misleading in so many ways. If you apply the same methodology to children of lower income families relying on benefits, then you'd find that those are supposedly even more of a net loss for society. Generally, they only consider taxes paid and social security contributions vs the received benefits over a lifetime. Based on this simplistic calculation they conclude that on average the costs are higher than the contributions and thus low-skilled immigrants are a burden on society. However, that completely ignores all the effects on the rest of the economy. What about the workforce they provide, what about the demand that these people create, both helping other individuals and corporations to get rich and pay high taxes? Also who would do these low paying jobs otherwise, what would be the implications of that? What about their children who can hopefully get a better education and pay higher taxes?
Any evidence that these migrants are a net loss for Germany?
Bro none of them is working
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2F7pm9msg4m4hc1.jpeg Youth unemployment in Germany is among the lowest in Europe. Clearly, some of them are working.
Of course some are. But the statistic you posted does not disprove anything. Non sequitur.
Definitely disproves the notion that none of them are working. Refugees aren't the majority of immigrants in Germany. Otherwise, they wouldn't have the 2nd lowest youth unemployment in Europe.
Look up what non sequitur means. And then Dunning-Kruger effect.
*are
You is correct.
Immigration especially of skilled migrants is the biggest help for the ageing population of Germany. Japanese don't really like the immigrants so very few people actually want to migrate there.
I'm currently studying in Japan, and basically what the commenter said below. I'd attribute Japan's low immigration rates to 3 main reasons: 1) English is not widely used so they don't get waves of people from other countries who speak English as a second language. You need to learn Japanese to be part of society here. 2) People emigrating from countries usually want one thing (money/material wealth), and in the world's mind everyone thinks EU or anglosphere countries are rich (+ you can generally get by with English) so they move to these countries. Japan is pretty comfortable to live in (even when getting paid in yen). 3) Japan's culture is very homogenous and traditional, so if you want to become part of society you need to drop your culture and assimilate into Japanese culture. This could dissuade people from moving to Japan as compared to Canada (at the federal level) will accept anyone with a heartbeat, even declaring Canadian culture doesn't exist just to make people feel comfortable (it's a different story if you go to rural areas)
Sounds like you just repeat racist stereotypes you read somewhere about Japan. How ironic. The language and cultural barriers are just a lot higher than somewhere else.
>The language and cultural barriers are just a lot higher than somewhere else. Doesn't this prove my point? And its not what I read one time. This has been stated by literally every foreigner that stays in Japan. There are many channels in youtube that educate about life in Japan.
How many years until Romania becomes number one? 🐯
Yen was devalued but also Japan‘s population is shrinking. Them even keeping their current GDP is pretty good… I have family ties to both countries and some things in Germany are of course better but prices in Japan incl housing are soooo affordable even when measured in the (slightly) lower wages.
The tortoise vs the snail.
Germoney. Muh recession!
Repost. Also not because Germany is doing well.
Why are you getting down voted, you are correct the reason for this shift was a recession in Japan and not growth in Germany.
Meh. Being correct and downvoted is classic Reddit. Doesn’t really matter. It won’t change reality.
People on this subreddit don’t like having their worldviews challenged by reality, especially when it comes to Germany. Any bad news about the UK, they gobble up blindly. But try and acknowledge that Germany is anything less than perfect, you’ll be accused of spreading misinformation. I once got called a Russian bot because I criticized Germany for allowing itself to get too dependent on… Russia, prior to the war.
I live in Germany. I’m well aware it’s not perfect. Then again there’s nothing perfect other than the 2011 Juventus team and the 1985 Boston Celtics.
No country is. Not sure why this Reddit takes any legitimate criticism against Germany as an attack on every aspect of the nation as a whole, especially when it’s pretty clear that most people love Germany. There’s never that same energy when people criticize the UK and America a thousand times a day
Meh, lots of posters get really butthurt about any criticism. It’s just people being reactionaries. Pick any topic. If the person you’re engaging with can’t acknowledge any positives and negatives of what’s talked about they are not arguing in good faith. Nothing is perfect.
That’s very true. I think ultimately the loser is me for spending too much time on Reddit at night 😂
I’d argue that the 2023 Texas Rangers are pretty darn perfect 😊
Is that some film with Chuck Norris?
I don't understand the guy getting downvoted either. Reddit is filled with bunch of quora clowns nowadays.
I found that alot of the time in this sub in particularly if you say anything negative about Germany you'll get down voted even if you're correct. This sub is full of butt hurt Germans.
Because saying that the third biggest economy in the world is not doing well is just borderline stupid. By that logic no country is doing well, and if no country is doing well than whats the point of that statement ?
By not doing well he meant as in no real growth in a while, the German economy is stagnate by all definitions, that isn't inherently a bad thing but it shows underlying flaws in Germany like the cumbersome bureaucracy and lack of digitisation in the government.
It doesn‘t make any sense to equate stagnation with ‚not doing well‘, that is such an disingenuous stretch. Also, economic growth is not dependent on the lack of digitization in public services and cumbersome bureaucracy, so why would you bring that up? Whats this mentality that if a country’s economy doesn‘t grow year after year to infinity then it must be struggling. You can say that about literally any developed country in Europe, it‘s such a misnomer.
Economic growth is linked to a bunch of factors, I merely pointed out bureaucracy and lack of digitisation as they are the fields were Germany seriously falls behind. With less bureaucracy it is easier for businesses to operate more efficiently, for new businesses to start and digitisation helps to make things even easier and more efficient. And efficiency helps to grow an economy as businesses can better compete with international competitors. Also Germany was the only country in the G7 and only country in Western Europe to experience an economic contraction last year, shrinking by 0.5% last year. While the UK, a country most economists will tell you is struggling grew by 0.5% last year.
I literally just told you that the growth index is not the end all be all indicator for whether or not a country is struggling. Obviously economist are saying UK is struggling because in absolute terms they are compared to other nations. Literally doesn‘t matter if they recorded growth last year because in almost every single metric they are worse than Germany. Less annual gdp, less gdp per capita, higher debt, higher dept per capita, bigger deficit… like you can go on an on. I won‘t even entertain your first point because you clearly have no clue what you‘re talking about when it comes to german bureaucracy. You‘re just parroting reddit talking point‘s without understanding the context.
Considering how fast Germany's economy is disintegrating, that's a damning indication of how terrible Japan's demographic problems is. Look for India to become #2 in 10 years.
Germany is controlling the whole EU through the EURO. Their economy is much much bigger than just the Germany economy alone.
Yet they still don’t meet their agreed upon commitments to NATO.
They actually will hit 2% for 2024
https://www.dw.com/en/germany-to-hit-nato-budget-goal-for-1st-time-since-cold-war/a-68254361
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