Angela Merkel has been named "Person of the Year" by Time Magazine, recognising her role in dealing with the European migration crisis and Greek debt.
Mrs Merkel came in at number one against the likes of presidential candidate Donald Trump (3rd place), Uber founder Travis Kalanick, Caitlyn Jenner, and Islamic State leader Abu Bakr al-Baghdadi, who was named runner-up.
Time editor Nancy Gibbs wrote that the chancellor had provided "steadfast moral leadership in a world where it is in short supply".
"For asking more of her country than most politicians would dare, for standing firm against tyranny as well as expedience and for providing steadfast moral leadership in a world where it is in short supply, Angela Merkel is 'Time's Person of the Year'."
The magazine also praised Merkel's response to the Paris terror attacks, her decision to deploy German troops in the fight against Islamic State, and her leadership during what Time called Vladimir Putin's "creeping theft of Ukraine".
The chancellor, 61, joins an diverse list of former winners, including Adolf Hitler, Joseph Stalin, Mahatma Gandhi, Winston Churchill and Richard Nixon. Last year's award went to medics fighting the Ebola outbreak in western Africa.
Angela Merkel is the first woman to win the award outright in 29 years, and only the fourth woman since 1927 to be named the winner.
Mrs Merkel's spokesman, Steffen Seibert, said: "I am sure the chancellor will cherish this as an incentive in her job."