Exports as a % of GDP
50
                        1999, Euro Introduced


40

                                                         Germany
                                                         Portugal
30
                                                         Italy
                                                         Spain
                                                         France
20
                                                         Greece



10

                                    2001, Greece joins Euro

 0

Germany's competitive advantage

  • 1.
    Exports as a% of GDP 50 1999, Euro Introduced 40 Germany Portugal 30 Italy Spain France 20 Greece 10 2001, Greece joins Euro 0