Germany is one of the world's most advanced market economies & largest national economy in Europe, the third largest by nominal GDP in the world.The German economy is heavily export-oriented, with exports accounting for more than one-third of national output. As a result, exports traditionally have been a key element in German macroeconomic expansion. Germany is a strong advocate of closer European economic and political integration, and its economic and commercial policies are increasingly determined by agreements among European Union (EU) members and EU single market legislation. Germany uses the common European currency, the euro, and its monetary policy is set by the European Central Bank in Frankfurt, Germany.
Since the age of industrialisation the country has been motor, innovator and beneficiary of an ever more globalized economy. The export of goods "Made in Germany" is one of the main factors of the country's wealth. Germany is the world's top exporter with $1.133 trillion exported in 2006 (Eurozone countries are included) and generates a trade surplus of €165 billion . The service sector contributes around 70% to the total GDP, the industry 29.1% and agriculture 0.9%. Most of the country's products are in engineering, especially in automobiles, machinery, metals, and chemical goods.