The economy of Germany is the largest national economy in Europe, the fourth largest by nominal GDP in the world. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Most of the country’s products are in engineering, especially in automobiles, machinery, metals, and chemical goods. Germany is the leading producer of wind turbines and solar power technology in the world.
Hamburg is the second-largest city in Germany (second to Berlin) and the eleventh-largest city in the European Union. The Port of Hamburg, ranks 2nd only to Rotterdam in Europe. Hamburg, along with Seattle and Toulouse, is an important location of the civil aerospace industry. Heavy industry includes the making of steel, aluminum, copper and a number of shipyards.
Hamburg has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.