The Federal Republic of Germany is located in West-Central Europe. Germany borders Denmark to the north, Poland and Czech Republic to the east, Austria to the southeast, France, Belgium and Luxemburg to the west and Netherlands to the northwest. Berlin is the Capital and the largest city. With approximately 82 million people, Germany is most populated country in Europe. Germany was the founding member of the European Union and the Eurozone. Germany has 16 states and five most important economic regions namely: Hamburg, Berlin, Düsseldorf, Frankfurt/Rhine-Main and Munich.
Germany is the fourth largest economy (GDP € 3.5 trillion) in the world after the USA, China, and Japan and world's third largest importer and exporter of goods. Its GDP grew 1.6 percent in 2014 and 1.7 percent in 2015. The services sector accounts for 70%, Industrial production 29% and agriculture 0.9% of the total GDP. Industrial production includes production of machinery, electrical equipment, chemicals and automobiles. Germany is the world's largest exporter of automobiles where German car makers have 90% market share in the premium segment. Germany has approximately 2 million SMEs that employ more than 28 million Germans. Approximately 1 million SMEs have between 2-9 employees.