Bavaria’s gross domestic product of EUR 446 billion puts it ahead of 19 of the 28 EU member states. The economic output per resident is also far above the German and European average (2012), at EUR 36,865.
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 number of new businesses founded in Bavaria in 2013, showing just how dynamic the Free State is. The figure is significantly higher than in Baden-Württemberg (75,586) and even outperformed North Rhine-Westphalia, the most highly-populated state in Germany (132,570).