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Munich As a Business Location

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Munich As a Business Location 2020 Munich as a business location. Facts and Figures 2020 Munich as a business location. Facts and Figures Herzog-Wilhelm-Str. 15 D-80331 München Germany Economic data Phone +49-89-233 2 53 25 Economic development Phone +49-89-233 2 16 27 Published by the Department of Labor and Economic Development, business-munich.de February 2020, Vol. No. 330 welcome.munich.de How high is Munich’s purchasing power? Has employment risen again? What areas of invest- ment does the city budget focus on? What are Munich’s key industries? This publication provides facts and figures to answer these questions and to provide a wide-ranging and up-to-date overview of the many and varied aspects of Munich’s economy. The figures, tables and diagrams paint a clear picture of Munich as an economic force and centre for innovation with immense potential. Statistics on economic performance, employment and unemployment, and important industries rein- force this message. The impressive list of selected companies in Munich reads like a who’s who of German businesses, and also includes major international players based in the city. Key data underlines not only Munich’s economic power, but also the city’s additional strengths as a start-up hub boasting impressive innovation networks, as a centre of higher education and science, and as a tourist destination. Data on the Messe Munich trade fair and Munich Airport illustrate the impressive performance of Munich’s public infrastructure and facilities, which are supported by a healthy financial structure. Facts on the development of Munich’s office property market, major projects and construction plans in the pipeline complete the overview. I wish you an enjoyable and informative read. Clemens Baumgärtner Department of Labor and Economic Development 2 | Munich as a business location – Department of Labor and Economic Development Contents The Munich economic region 3 Economic development in Munich 4 Economic development in the Munich Metropolitan Region 5 Employment in Munich 6 Munich as a centre for innovation 8 Start-ups in Munich 9 Sectors and clusters in Munich 10 Selected companies in the Munich region 12 Munich as a hub of knowledge 14 Local government finance 15 Real estate in Munich 16 Munich’s infrastructure 18 Getting to and from Munich 20 The Munich economic region A place at the top table: How Munich compares with other cities Institute and customer Sample Basis for rankings Position “City Rankings 2019” 71 cities Assessment of the level, dynamism First place for the City IW Consult, Wirtschaftswoche, with more and sustainability of economic de- of Munich for level, Immobilienscout 24 (11/2019) than 100,000 velopment and prosperity based on second placed for dyna- inhabitants socioeconomic indicators mism and sustainability “Comparative Study 30 largest Assessment of the dynamism of Third place for the City of the 30 Largest Cities in Germany” German cities economic performance and competi- of Munich HWWI/Berenberg City Ranking (11/2019) tiveness, as well as other key location factors such as education, innovation, international character and accessi- bility “Prognos Future Atlas 2019 – Germany’s 401 admin- Assessment of development based First place for the City Regional Rankings” istrative on socioeconomic indicators relating of Munich Prognos (7/2019) districts to demographics, the labour market, competition and innovation as well as prosperity and social situation “Mercer Quality of Living Ranking 2019” 231 cities Evaluation of quality of living based Third place for the City Mercer (3/2019) across the on political, social, economic and of Munich globe environmental indicators “Dataland Germany. 30 German Evaluation and assessment of digital First place for Munich Germany’s Tech Hubs – Performance metropolitan tech hubs in Germany and their future and Potential of German Cities” regions potential for innovation based on eco- Deloitte (11/2018) nomic indicators and labour market data 3 Economic development in Munich Economic performance is high in Munich, which also has the highest purchasing power of any large German city. Munich’s gross 2000 2010 2013 2014 2015 2016 2017 domestic product GDP in € billion 70.5 81.9 95.7 100.3 105.1 109.3 115.1 (at current prices in each year) (GDP) Population GDP in million € GDP per gainfully employed Population and (2018) (2017) person in € (2017) share of GDP Bavaria 13 076 721 605 390 80 374 Munich region = City of Munich and its outlying districts Munich region 2 908 664 190 133 100 736 City of Munich 1 471 508 115 077 103 369 Outlying districts 1 437 156 75 056 96 949 Munich’s share Munich’s share of Bavaria’s GDP of Bavaria’s population 19.0% City of Munich 11.3% City of Munich 11.0% Outlying districts 12.4% Outlying districts 68.6% Bavaria (excluding 77.7% Bavaria (excluding the Munich region) the Munich region) Source: Bavarian Office of Statistics and Data Processing Per capita purchasing power in 2019 33 705 in € 22 399 24 824 26 454 26 609 26 958 26 609 24 491 Berlin Cologne Stuttgart Frankfurt/Main Hamburg Munich Bavaria Germany 142% 112% 112% 114% 112% 105% 100% 94% purchasing power index Source: Acxiom Deutschland GmbH 4 | Munich as a business location – Department of Labor and Economic Development Economic development in the Munich Metropolitan Region A diverse structure of industry and healthy dynamism combine to make the Munich Metropolitan Region one of the leading economic regions in Europe. Germany Bavaria Munich Metro­ City of Munich politan Region Surface area (in km2) 357 100 70 550 25 548 310 Population in 2017 (millions) 82.79 13.08 6.12 1.47 Population growth since 2000 (in %) 0.8 7.6 13.5 23.5 GDP in 2017 (in € billion) 3 245.0 605.4 326.0 115,1 Economic growth since 2000 (in %) 53.8 69.0 72.3 63.3 Employees registered for 32.87 5.60 2.71 0.89 social security in 2019 (millions) Employment growth since 2008 (in %) 19.5 23.0 27.3 30.6 Unemployment rate in 2019 (in %) 5.0 2.8 2.8 3.3 Source: Bavarian Office of Statistics and Data Processing, Federal Statistical Office, Federal Employment Agency Europe Germany Bavaria Munich Source: Munich Metropolitan Region (EMM e.V.) 5 Employment in Munich A balanced economic and employment structure is one of Munich’s most valuable assets. Distribution of employment in 2019 Employees registered for social security Retail, Healthcare and Financial and Public Education catering, social sector insurance administration and transportation services teaching 25.0% 18.0% 11.6% 11.4% 9.9% 6.4% 5.2% 4.6% 4.1% 3.7% 0.1% Construction, energy/ Property, water consultancy, Information, Other public supply, Agri- business communication and private energy culture, services Manufacturing and media services industry forestry Number of employees Change from previous year registered for social Agriculture, forestry 540 0.7% security in 2019 Manufacturing 104 199 2.8% Construction, energy/water supply, energy industry 36 686 3.2% Retail, catering, transportation 161 155 1.9% Information, communication and media 88 545 6.7% Financial and insurance services 57 569 1.2% Property, consultancy, business services 224 846 2.3% Public administration 41 761 1.6% Education and teaching 33 439 3.0% Healthcare and social sector 101 980 2.4% Other public and private services 46 420 1.8% Total 897 140 2.6% Source: Federal Employment Agency 6 | Munich as a business location – Department of Labor and Economic Development Employment in Munich Employment is growing above all in the service sector and in digitised sectors of the economy. 2015 2019 Absolute Increase Employment increase in % in selected Automobile production and 54 784 62 777 7 993 14.6% other automotive engineering growth sectors Information and communication, total 66 949 88 545 21 596 32.3% Employees registered Provision of information 37 951 55 630 17 679 46.6% for social security technology services Corporate services, total 193 496 224 846 31 350 16.2% Legal and tax advice, auditing 25 250 29 858 4 608 18.2% Architects and engineering offices; 25 829 32 941 7 112 27.5% laboratories Healthcare and social services 90 060 101 980 11 920 13.2% Total employment 797 102 897 140 100 038 12.6% 2018 Germany 5.2% Unemployment Bavaria 2.9% rates in Germany, Munich Bavaria and Munich Change from 3.5% previous year 2019 Germany 5.0% Annual averages Agriculture, forestry 540 0.7% Bavaria 2.8% Number of people out of work in 2019 Manufacturing 104 199 2.8% Germany: 2 266 720 Munich Construction, energy/water supply, energy industry 36 686 3.2% 3.3% Bavaria: 211 965 Munich: 34 708 Retail, catering, transportation 161 155 1.9% Information, communication and media 88 545 6.7% Financial and insurance services 57 569 1.2% Property, consultancy, business services 224 846 2.3% Public administration 41 761 1.6% Education and teaching 33 439 3.0% Berlin 152 564 7.9% Number of Healthcare and social sector 101 980 2.4% 7.8% Other public and private services 46 420 1.8% Cologne 46 397 unemployed persons Total 897 140 2.6% Hamburg 64 774 6.1% and unemployment Frankfurt/Main 20 486 5.0% rates in German cities Stuttgart 20 129 3.6% in 2019 Munich 34 708 3.3% Annual averages Source: Federal Employment Agency 7 Munich as a centre for innovation Innovation in Munich benefits from a high degree of dynamism and a diverse ecosystem. Munich Urban Colab – new innovation and start­up centre Joint project of the City of Munich and UnternehmerTUM Artificial intelligence Mobility Design and Energy supply construction The Munich Urban Colab is responsible for developing scientists and creatives from diverse sectors are working Smart City Solutions.
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