Question

Exports from the United States comprise about 13.5 percent of GDP, compared about 45 percent of Germany's GDP. What are implications of this for U.S. firms doing business globally?

Answer 1

There is nothing to be worried about the less share of US exports of its GDP.

As US have 13.5% of GDP in exports and the GDP worth of US is 19.39 Lakhs crores USD which states that exports are worth 2.61765 lakhs crores USD.

As Germany have 45% of GDP through exports and the worth of GDP of German is 3.68 lakh crore USD which states that exports are worth 1.656 lakhs crores USD .

Now compare the exports value of each country. US is exporting approximately 70% of Germany total GDP. There could be many reasons why US exports GDP ratio is less. Some of them could be high consumption in domestic market due to high population level. There could be some economic indicators which performs well in German and not in USA. Some of them could be unemployment rate is less in German, giant automobile hub etc.