"Germany is the largest economy in Europe and the second largest exporter in the world after China. The country's 2.7 trillion euro GDP accounts for nearly 30% of Eurozone output. Over the past decade it has posted the fastest GDP per capita growth, making it the second largest production powerhouse among the G7 economies. With the second-lowest unemployment rate in Europe and an economic growth at 0.7% in the second quarter of 2013, the country successfully weathered the 18-month economic downturn in the Eurozone. As seen from the recent Global Manufacturing Competitiveness Index 2013, Germany ranked second in global manufacturing competitiveness after China, but topped the list among the developed countries. It has also gained political clout thanks to its role as the biggest financial contributor to Europe's bailouts."