Berlin on the rise: does the capital soon overtake Munich?

Berlin on the rise: does the capital soon overtake Munich?

München, Deutschland - In recent years, Germany's economic landscape has experienced noticeable changes. According to a recent report by world Economics that the race between Munich and Berlin is becoming more exciting than ever for the position of the most economic city in Germany. Munich currently has 22nd place in the "Global Cities Index", while Berlin is following 29th. Hamburg, Frankfurt and Düsseldorf can be found in the other places.

What exactly does it look like? Munich can shine with a gross domestic product (GDP) of $ 283 billion, while Berlin is close to the heels at $ 280 billion. But Berlin has experienced an upswing that cannot be ignored: a robust economic perspective, the attractiveness for young people and an up-to-bloom creative and technology sector bring a breath of fresh air to the capital.

The global cities index in detail

The Global Cities Index by Oxford Economics not only assesses the size of a city, but also its economic dynamics. In order to evaluate the attractiveness of urban economies, quantifiable metrics are used, which are of interest to various sectors such as finance and infrastructure. The elite league of urban economy is dominated by cities such as New York, London and Paris, while Switzerland has five cities in the top 100 ranking-Zurich at the top with 16. Interestingly, it can be seen that the rise of Berlin is not only ordered by numbers. The "human capital" in Berlin, which takes into account the age structure and the quality of the educational and science institutions, is increasingly perceived as an advantage. Here you can say: Berlin has the "good hand" to attract and hold young talents.

economic strength and GDP

If we take a closer look at the economic strength, it is important to also take the GDP values ​​into account per capita. Despite the impressive total bip of Munich, the GDP per capita is around 93,000 euros-a ranking that takes the city to 11th place. Berlin, on the other hand, has a GDP of around 49,200 euros per capita, which is evident in the midfield of the federal path, but has grown by 14 percent in recent years, despite some challenges in the start-up sector.

Overall, it can be said: It remains exciting! The dynamics between Munich and Berlin shows that the competition for economic dominance in Germany is for investors as well as for the young generation of founders. Who knows, maybe Munich will soon be overtaken by the capital, but one thing is certain: both cities contribute significantly to the German economic landscape.