Bavaria’s gross domestic product of EUR 488 billion puts it ahead of 21 of the 28 EU member states. The economic output per resident is also far above the German and European average (2013), at EUR 38,429.
As a globally active market, Bavaria is home not only to global players such as Adidas, Allianz, Audi, BMW, EADS, MAN and Siemens, but also to a strong basis of small and medium-sized businesses in industry, trades and the service sector. Investors thus encounter a broad spectrum of competitive suppliers, potential customers and cooperation partners.
Bavaria enjoys an outstanding position in many fields:
- Bavaria holds top positions nationally and internationally in almost all new technologies
- The Free State is the number one location in Germany for insurance and number two for banking
- Bavaria is number one in Germany for tourism
- The two trade fair centres in Munich and Nuremberg are of great international significance
- Bavaria offers optimum provision in the fields of transportation, telecommunications and energy
- High standards in education and further training and intensive promotion of research and technology have contributed to Bavaria achieving top values in international comparisons when it comes to spending on research and development, at 3 per cent of gross domestic product.
You can find more details on the economic data for Bavaria in the "Bavaria's Economy in Numbers" brochure, which is updated annually by the Bavarian Ministry of Economic Affairs and is available to download.
- You can find more facts and figures on Bavaria's economy on the Work in Bavaria website
- You can find statistical data on a range of economic sectors here
The rate of investment last year – making Bavaria the top state in Germany. In 2013, the average for all western German states was 9.6 per cent, while the figure for 2012 was slightly higher at 10.4 per cent (12.4 per cent in Bavaria). This means that the rate of investment in Bavaria has risen, contrary to the national trend.