MUNICH°° Compared to the previous year, the real economic output in Bavaria increased by 2.1 per cent in 2015. The increase of the national average was 1.7 percent. Bavaria's Minister of Economic Affairs, Ilse Aigner: “Once again, Bavaria is significantly above the national average and a frontrunner among the area states. The growth of Bavaria's gross domestic product exceeded the 2 per cent mark for all of 2015, which means that we slightly exceeded our target of 2 percent.”
In presenting the latest figures, Aigner stressed the importance of the long-term economic development: “In the long-term view, Bavaria is still well ahead of all German states. This robustness of Bavaria's economy reflects reliability and continuity. These qualities are particularly important to the people in our state in these turbulent times. Thanks to the steady economic strength and dynamics we are also the wealthiest of all German area states in terms of per capita gross domestic product,” says Aigner.
She adds that the Bavarian economic strength is the great achievement of the companies and citizens in all of Bavaria and benefits everyone in the state. “At 3.6 per cent in 2015, we once again had the lowest unemployment rate in Germany. 40 per cent of our district and independent cities achieved virtual full employment with unemployment rates below three percent. The high level of employment is one way the economic success becomes noticeable to the people in Bavaria”.
Aigner adds: “We see a positive trend in all regions of the state in terms of economic strength and the number of jobs. This is also due to our successful structural policy that brings the jobs to the people. In 2015 alone, the Ministry for Economic Affairs spent EUR 155 million on corporate investments totalling EUR 1.2 billion as part of the regional development. This way 16,000 jobs were secured and more than 2,100 new jobs were created.”
In no other German state has the real increase in GDP been as remarkable as in Bavaria when looking at the period of time since the economic and financial crisis in 2008 as well as the growth development since the post-crisis year 2010 (2008 to 2015: +12.5 per cent; 2010 to 2015: +12.3 per cent). The per capita GDP in Bavaria currently totals EUR 43,092 and thus is the highest among all area states.