Munich: a top financial center! - Finanzplatz München Initiative

Munich Financial Center Initiative
Top-ranked city in a top-ranked state
Many rankings are compiled of Germany’s
cities and states. Each employs a proprietary
methodology. All these rankings have one
thing in common: they accord the top spots
to Munich and to Bavaria.
The rankings’ findings: Munich has the
strongest growing and performing economy
of any city in Germany – and is set to retain
this position in the years to come. Munich’s
best-in-Germany prosperity has been
accompanied by a sustained and countrybest
rise in employment. This trend has
been experienced by the state as a whole.
Over the last 30 decades, the number of
gainfully employed in Bavaria has increased
by nearly a quarter. This rate is nearly four
times greater than that of Germany as a
whole.
Top companies: One factor causing the
state’s country-best rates of economic and
employment growth and size is the number
of major companies in the state. Of the
1,000 largest companies in Germany, some
90 are headquartered in Munich (ranking it
number one among Germany’s cities), with
a further 15 each being based in Nuremberg
and Augsburg.
Market capitalization: These blue chips
join mid-caps and small-caps in giving
Munich’s business community the largest
market capitalization of that of any city in
Germany.
Patents registrations: The innovativeness
of Bavaria’s scientific and business
communities is shown by the fact that they
account for one fifth of all patent
applications in Germany.
Bavaria’s economy*
Economic growth: +1.5 %
GDP (real): 444.8 billion euros
GDP per capita: 35,530 euros
GDP per gainfully employed person: 66,983 euros
Exports: 155.7 billion euros
Export growth: +1.4 %
Total gainfully employed persons: 6.6 million
Total permanently employed persons: 4.52 million
Percentage of self-employed persons: 12 %
* data for 2008
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