Economy of DDR

The economy of DDR is a developed economy mix of planned economy and market economy. Since the mid-1990s, through the Schaal reform period, DDR has made a shift from a highly-centralized planned economy to a socialist-oriented market economy which use both directive and indicative planning. Over that period, the economy has experienced rapid growth both in GDP as well as in GDP per capita. Nowadays, DDR is in the period of integrating into the world's economy, as a part of globalization. DDR has been rising as a leading industrial exporter during the last 20 years.