The Freestate of Bavaria, with a population of 12.5 million, is the largest federal german state and also one of the most dynamic regions inside the country. With a gross domestic product of EUR 549,19 billion in 2015 (Source: www.invest-in-bavaria) Bavaria, as an independent State would be ahead of 21 of the 28 EU member states. Its capital Munich is a major center of advanced technologies, finance, publishing, culture, innovation, education, business, and tourism in Germany and Europe. Since years, according to international city rankings, Munich is one of the top cities concerning standard and quality of living.
Bavaria has strong economic business relations with its neighbor States Austria, the Czech Republic and Switzerland and with some of the close regions of the Alpine Space like northern Italy.
- The Free State is the number one location in Germany for insurances and number two for banking
- Bavaria is also number one in Germany for tourism
- Growth, prosperity, employment and innovation
- Highly developed sectors are automotive, construction, electrical engineering and electronics, renewable energies and energy technologies, information-, communication- and environment technologies
- The unemployment rate in many regions in Bavaria is below three per cent
- The backbone of the Bavarian economy is its number of highly diverse small and medium-sized enterprises (99 per cent of all Bavarian companies, source: www.statista.de), dislocated within the state’s regions.
- High-level apprenticeships, further training and intensive promotion of research and technology have contributed to Bavaria´s achievements of top values in international comparisons, spending three per cent of the gross domestic product on research and development.
- Many international companies and global leaders are located in Bavaria
- Highly qualified and motivated workforce available