Germany is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Germany is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Germany exports around $1493 billion and imports roughly $1233 billion. 3.6% of population in the country are unemployed. The total number of unemployed people in Germany is 2,962,564. In Germany, 17% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Germany is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 4.5% of GDP. The Gini Index of the country is 27. Germany is experiencing high equality. Differences in income among citizens are only mildly significant. Germany has a Human Development Index (HDI) of 0.911. Germany has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society. The Global Peace Index (GPI) for Germany is 1.379. Due to strong law enforcement presence and high social responsibility, Germany is very safe by international standards. The strength of legal rights index for Germany is 6. Overall, it is considered to be rather adequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available.
Currency The currency of Germany is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.
Credit rating The depth of credit information index for Germany is 8, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Germany has a credit rating score of AAA, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Germany has a credit rating score of AAA, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Germany has a credit rating score of Aaa, and the prospects of this rating are stable.
Central bank In Germany, the institution that manages the state's currency, money supply, and interest rates is called German Federal Bank. Locally, the central bank of Germany is called Deutsche Bundesbank. The average deposit interest rate offered by local banks in Germany is 2.65%.
Public debt Germany has a government debt of 26% of the country's Gross Domestic Product (GDP), as assessed in 2013.
Tax information The corporate tax in Germany is set at 30%. Personal income tax ranges from 14% to 45%, depending on your specific situation and income level. VAT in Germany is 19%.
When discussing the biggest companies, it is important to evaluate their assets. Some established public and private companies earn modest sums of money and some generate lots of profit, being able to sustain and support their functioning for long time periods. Such companies sooner or later become financial giants ready to make their influence not only on people involved in their formation, but also on whole nations and countries worldwide.
This is especially true for financial institutions such as commercial banks, investment banks, insurance companies, brokerages, investment companies, savings and loan associations and credit unions. The roles of the mentioned institutions may differ, depending on the purposes for which their services are used. For example, some are suitable for making investments such as term deposits, some are used for signing up for credit cards or getting loans etc. However, because they exist as parts of a wider financial system – on a global scale their international influence and rank may be very high, having a larger purpose in the overall world's economy.
Top biggest banks of China China banks can match these criteria as its plays one of the main roles in worldly economy these days. China's financial institutions are drawing more and more capital which is offering the best return, allocating it efficiently and remaining profitable for a rather long period of time. In other words, this country's banks keep world's economy turning.
There are four biggest financial institutions in China in terms of total assets. They are called the Big Four and serve over 300 million customers across the globe, having 200 to 15000 domestic branches and more than 3000 operating locations across the country while also maintaining offices in other largest capital cities like London, Tokyo, New York, Frankfurt, Seoul, Sydney, San Francisco, Singapore, Taipei and other internationally well-known cities.
The most powerful banking institution in China nowadays is considered to be the Industrial and Commercial Bank of China (ICBC). It has assets of more than three and a half trillion dollars. The other banks of China included on the list of the Big Four are state-owned commercial banks: China Construction Bank, Bank of China, and Agricultural Bank of China. Forbes mentioned these three institutions as the world's most influential companies in 2015. They dominated the list with 317 other companies which are considered to be 15% of the largest companies worldwide.
China Construction Bank operates in three business segments: treasury operations, personal banking and corporate banking, serving over 340 million corporate and retail customers. Country's government owns 58% of this bank which had assets of CNY 20.5 trillion.
Agricultural Bank of China is considered to be the largest in the country taking into account the amount of total assets based on market capitalization, offering personal banking, wealth management, credit card and foreign exchange services to more than 300 million customers. It was founded in 1951.
Bank of China is even older than the previous bank established in 1912 by the Government, now being world's 9th largest bank by market capitalization. It offers such services as insurance, investment and commercial banking.
Monaco is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Monaco is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Monaco exports around $1.12 billion and imports roughly $1.16 billion. 3.4% of population in the country are unemployed. The total number of unemployed people in Monaco is 1,322. Government expenditure on education is 8.2% of GDP. The Gini Index of the country is 27.49. Monaco is experiencing high equality. Differences in income among citizens are only mildly significant.
Currency The currency of Monaco is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into Cent; there are 100 in one euro.
Credit rating Credit rating is the extent to which international investors trust a country in paying debts and upholding the country's obligations in terms of crediting. There is no information on the credit rating of Monaco.
Central bank Public debt Monaco has a government debt of 77% of the country's Gross Domestic Product (GDP), as assessed in 2012.
Tax information The corporate tax in Monaco is set at 0%. The minimum personal income tax is0%.VAT in Monaco is 20%.
Finances The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Monaco is $6.79 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Monaco was last recorded at $0 million. PPP in Monaco is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Monaco is 6,559 billion. Based on this statistic, Monaco is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Monaco was last recorded at $169 million. The average citizen in Monaco has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Monaco averaged 9.3% in 2014. According to this percentage, Monaco is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health
Canada is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developed nation, Canada is able to provide its citizens with social services like public education, healthcare, and law enforcement. Citizens of developed nations enjoy a high standard of living and longer life expectancies than citizens of developing nations. Each year, Canada exports around $458.7 billion and imports roughly $471 billion. 6.4% of population in the country are unemployed. The total number of unemployed people in Canada is 2,365,041. In Canada, 9% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Canada is low, indicating that it has a stable economy. Investors should consider Canada to be a safe location for investments and other financial ventures. Government expenditure on education is 4.9% of GDP. The Gini Index of the country is 32.1. Canada is experiencing good equality. The majority of citizens in Canada fall within a narrow range of income, although some cases may show significant differences. Canada has a Human Development Index (HDI) of 0.902. Canada has a very high HDI score. This indicates that nearly all citizens are able to attain a desirable life because of social and economic support; citizens with a low standard of living receive aid and support and have the opportunity to advance in society. The Global Peace Index (GPI) for Canada is 1.287. Due to strong law enforcement presence and high social responsibility, Canada is very safe by international standards. The strength of legal rights index for Canada is 9. Overall, it is considered to be rather strong - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible.
Currency The currency of Canada is Canadian dollar. The plural form of the word Canadian dollar is dollars. The symbol used for this currency is $, and it is abbreviated as CAD. The Canadian dollar is divided into Cent; there are 100 in one dollar.
Credit rating The depth of credit information index for Canada is 8, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Canada has a credit rating score of AAA, and the prospects of this rating are stable. According to the Fitch credit-rating agency, Canada has a credit rating score of AAA, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Canada has a credit rating score of Aaa, and the prospects of this rating are stable.
Central bank The prime lending rate of Canada's commercial banks is 3. In Canada, the institution that manages the state's currency, money supply, and interest rates is called Bank of Canada. Locally, the central bank of Canada is called Banque du Canada. The average deposit interest rate offered by local banks in Canada is 0.6%.
Public debt Canada has a government debt of 49.6% of the country's Gross Domestic Product (GDP), as assessed in 2012.
Tax information The corporate tax in Canada is set at 15%. Personal income tax ranges from 0% to 50%, depending on your specific situation and income level. VAT in Canada is 13%.
Finances The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Canada is $1595975 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Canada was last recorded at $43 million. PPP in Canada is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Canada is 1,838,964 billion. Based on this statistic, Canada is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Canada. The Gross Domestic Product (GDP) per capita in Canada was last recorded at $50 million. The average citizen in Canada has low wealth. Countries with low wealth per capita often have slightly lower life expectancies and lower quality of living among citizens. It can be difficult to find highly skilled workers in countries with low wealth, as it is occasionally difficult for citizens to obtain the requisite education needed for specialized industries. Labor can be found for low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Canada averaged 2.3% in 2014. According to this percentage, Canada is currently experiencing modest growth.