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2020Munich as a business location. Facts and Figures
2020Munich as a business location. Facts and Figures
Herzog-Wilhelm-Str. 15D-80331 MünchenGermany
Economic dataPhone +49-89-233 2 53 25
Economic developmentPhone +49-89-233 2 16 27
business-munich.dewelcome.munich.de
Published by the Department of Labor and Economic Development, February 2020, Vol. No. 330
2 | Munich as a business location – Department of Labor and Economic Development
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 BaumgärtnerDepartment of Labor and Economic Development
3
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
Institute and customer Sample Basis for rankings Position
“City Rankings 2019” IW Consult, Wirtschaftswoche, Immobilienscout 24 (11/2019)
71 cities with more than 100,000 inhabitants
Assessment of the level, dynamism and sustainability of economic de-velopment and prosperity based on socioeconomic indicators
First place for the City of Munich for level,second placed for dyna-mism and sustainability
“Comparative Study of the 30 Largest Cities in Germany” HWWI/Berenberg City Ranking (11/2019)
30 largest German cities
Assessment of the dynamism of economic performance and competi-tiveness, as well as other key location factors such as education, innovation, international character and accessi-bility
Third place for the City of Munich
“Prognos Future Atlas 2019 – Germany’s Regional Rankings” Prognos (7/2019)
401 admin-istrative districts
Assessment of development based on socioeconomic indicators relating to demographics, the labour market, competition and innovation as well as prosperity and social situation
First place for the City of Munich
“Mercer Quality of Living Ranking 2019” Mercer (3/2019)
231 cities across the globe
Evaluation of quality of living based on political, social, economic and environmental indicators
Third place for the City of Munich
“Dataland Germany. Germany’s Tech Hubs – Performance and Potential of German Cities” Deloitte (11/2018)
30 German metropolitan regions
Evaluation and assessment of digital tech hubs in Germany and their future potential for innovation based on eco-nomic indicators and labour market data
First place for Munich
The Munich economic regionA place at the top table: How Munich compares with other cities
4 | Munich as a business location – Department of Labor and Economic Development
33 705Per capita purchasing power in 2019 in €
Economic development in MunichEconomic performance is high in Munich, which also has the highest purchasing power of any large German city.
Munich
26 958
Hamburg
24 491
Germany
24 824
Cologne
26 454
Stuttgart
26 609
Frankfurt/Main
26 609
Bavaria
22 399
Berlin
Source: Acxiom Deutschland GmbH
2000 2010 2013 2014 2015 2016 2017
GDP in € billion (at current prices in each year)
70.5 81.9 95.7 100.3 105.1 109.3 115.1
Population(2018)
GDP in million €(2017)
GDP per gainfully employed person in € (2017)
Bavaria 13 076 721 605 390 80 374
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
19.0% City of Munich
12.4% Outlying districts
68.6% Bavaria (excluding the Munich region)
100%
purchasing power index
11.3% City of Munich
11.0% Outlying districts
77.7% Bavaria (excluding the Munich region)
Munich’s grossdomestic product(GDP)
Population andshare of GDP
Munich’s shareof Bavaria’s GDP
Munich region = City of Munich and its outlying districts
Source: Bavarian Office of Statistics and Data Processing
Munich’s shareof Bavaria’s population
94%
105%112% 112% 112%114%
142%
5
Europe Germany Bavaria Munich
Economic development in the Munich Metropolitan RegionA 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 Metropolitan Region
City of Munich
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 social security in 2019 (millions)
32.87 5.60 2.71 0.89
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
Source: Munich Metropolitan Region (EMM e.V.)
6 | Munich as a business location – Department of Labor and Economic Development
Employment in MunichA balanced economic and employment structure is one of Munich’s most valuable assets.
Distribution of employment in 2019Employees registered for social security
Number of employees registered for social security in 2019
Change from previous year
Agriculture, forestry 540 0.7%
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%
Agri-culture, forestry
0.1%
Educationand teaching
3.7%
Construction,energy/ water supply,energy industry
4.1%
Publicadministration
4.6%
Other public and private services
5.2%
Financial and insurance services
6.4%
Information, communication and media
9.9%
Healthcare andsocial sector
11.4%
Manufacturing
11.6%
Retail, catering,transportation
18.0%
Property, consultancy,business services
25.0%
Source: Federal Employment Agency
7
Employment in MunichEmployment is growing above all in the service sector and in digitised sectors of the economy.
2015 2019 Absolute increase
Increase in %
Automobile production and other automotive engineering
54 784 62 777 7 993 14.6%
Information and communication, total 66 949 88 545 21 596 32.3%
Provision of information technology services
37 951 55 630 17 679 46.6%
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; laboratories
25 829 32 941 7 112 27.5%
Healthcare and social services 90 060 101 980 11 920 13.2%
Total employment 797 102 897 140 100 038 12.6%
Change from previous year
Agriculture, forestry 540 0.7%
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
Unemploymentrates in Germany,Bavaria and MunichAnnual averages
Number of people out of work in 2019 Germany: 2 266 720 Bavaria: 211 965 Munich: 34 708
Number of unemployed persons and unemployment rates in German cities in 2019Annual averages
2018 Germany
Bavaria
Munich
2019 Germany
Bavaria
Munich
Berlin 152 564
Cologne 46 397
Hamburg 64 774
Frankfurt/Main 20 486
Stuttgart 20 129
Munich
7.9%
7.8%
3.3%3.6%
5.0%
6.1%
3.3%
3.5%5.0%
5.2%
2.8%
2.9%
Employment in selected growth sectorsEmployees registered for social security
34 708
8 | Munich as a business location – Department of Labor and Economic Development
Munich as a centre for innovation
Munich Urban Colab – new innovation and startup centreJoint project of the City of Munich and UnternehmerTUM
MUST – The Munich Innovation Ecosystem
Artificial intelligence
Design and construction
Energy supply
Mobility
MUST – The Munich Innovation Ecosystem is the driving force for the strategic development of Munich’s inno-vation ecosystem by connecting and enabling the key stakeholders and putting the spotlight on the ecosystem nationally and internationally.
The Munich Urban Colab is responsible for developing Smart City Solutions. Start-ups, corporate innovators,
The MUC SUMMIT GmbH, initiated by the Unternehmer-TUM GmbH, the Strascheg Center for Entrepreneurship gGmbH, and the German Entrepreneurship GmbH in 2015, established itself as a unique and successful facili-tator to bring together the ecosystem players in Munich and to define projects jointly.
Great Talent Factory
Thriving Startup Scene
Leading Tech-Hub
Established Companies
Innovation in Munich benefits from a high degree of dynamism and a diverse ecosystem.
scientists and creatives from diverse sectors are working together on issues directly related to the city of the future.
More information under: www.mustmunich.com
9
Startups in Munich
Munich is one of Germany’s leading tech hubs
Source: Federal Association of German Startups e.V. and PwC Germany: German Startup Monitor 2019
Munich – the location for startups and entrepreneurs
A round of financing is an increase in capital contributions through investors.
Top Ten: Munich startupswith the biggest rounds of financing in 2019in € million
1. Flixmobility (Mobility): 507 2. Celonis (Big Data): 260
3. Cluno (Mobility): 140 4. Personio (HR): 96.2 5. Ottonova (Insurtech): 60
6. Price f(x) (Fintech): 48
7. Freeletics (Fittech): 40.6 8. Holidu (Traveltech): 40 9. Proglove (Wearable): 36.2
10. Idnow (Fintech): 36.2
€
€
€€
Munich is home to two German Digital Hubs: Digital Hub InsurTech and the Digital Hub Mobility. The biotech cluster BioM forms another focal point.In the future, Munich will also become Bavaria’s centre for arti-ficial intelligence (AI), with the “Mission Institute for AI” und 22 new AI professorial chairs at the Ludwig Maximilian University and the Technical University.
The city is one of the top five start-up hubs in Germany.
Start-ups in Munich are more optimistic than start-ups in other German cities. On aver-age, they plan to employ 14.7 new employees.
Munich‘s share of German start-ups increases.
63% of Munich- based start-ups judge the location to be very good or good. This is the second highest level of satisfac-tion in Germany.
Start-ups in Munich have an especially positive view of the proximity to universities and networking opportunities.
63%
Source: Munich Startup
Detailed and uptodate information is available at:
Department of Labor and Economic Development, Startups: www.muenchen.de/gruendung
Munich Startup – the Official Startup Portal for Munich: www.munichstartup.de
10 | Munich as a business location – Department of Labor and Economic Development
Sectors and clusters in MunichMunich’s balanced economic structure includes a strong focus on exports in the manufacturing industry.
Source: Bavarian Office of Statistics and Data Processing
Value added in theindividual sectorsin 2017Value added € 103 725 million
Manufacturingindustry in Munich in € million
Export ratio Bavaria 2018: 53.0%Export ratio Germany 2018: 48.5%
Finance, insurance,business services,property and housing
€ 32 602 million 31.5%
2016 2017 2018
Total turnover 29 601 29 190 30 330
Exports 18 647 18 222 18 587
Export rate 63.0% 62.4% 61.3%
Manufacture of IT,electronic and optical products, 2018
Manufacture of electrical equipment, 2018
Mechanical engineering, 2018
3 994 Total turnover
3 221 Exports
80.6% Export rate
2 080 Total turnover
1 259 Exports
60.5% Export rate
2 156 Total turnover
1 618 Exports
75.0% Export rate
Retail, catering,transportation, informationand communication
€ 26 648 million 25.7%
Public and privatesector services,childcare and healthcare
Manufacturing
€ 25 035 million 24.1%
€ 19 440 million 18.7%
11
Sectors and clusters in MunichSelected sectors and clusters at the Munich location.
Information and Communications Technology (ICT)2019 Munich region
Munich region
Companies 11 309
Turnover (in € billion) 24.0
Employees 118 616
Growth: Employment 2012–2018 + 31 700/+ 36%
Growth: Companies 2012–2017 + 1 166/+ 11%
Growth: Turnover 2012–2017 in Munich (in € billion) 6.6/+38%
Source: ifo lnstitute, Munich as ICT Location 2019
Environment industry 2018
Tourism City of Munich
Munich Outlying districts
Munichregion
Companies 4 624 5 396 10 020
Turnover (in € billion) 18.1 5.1 23.2
Employees 51 600 37 900 89 500
Quelle: prognos, Umweltwirtschaft in der Region München, 2018
2014 2015 2016 2017 2018 2019*
Arrivals (in 1 000) 6 594 6 957 7 042 7 763 8 266 8 750
Overnight stays (in 1 000) 13 448 14 066 14 041 15 664 17 124 18 300
Turnover resulting from tourism in Munich in 2019Total turnover € 8.29 billion
*Projection 2019
Source: City of Munich, Department of Labor and Economic Development, Munich Office of Tourism.
Retail
Services
Hotels and catering
€ 2.96 billion 35.7%
€ 1.75 billion 21.1%
€ 3.58 billion 43.2%
12 | Munich as a business location – Department of Labor and Economic Development
Manufacturing and hightech industries
Airbus Defence and Space GmbH ASM Assembly Systems GmbH & Co. KGBAUER COMP Holding GmbH BSH Hausgeräte GmbH DR. SCHNELL GmbH & Co. KGaA EOS GmbH Electro Optical SystemsFRANKA EMIKA GmbH Freudenberg Chemical Specialities SE & Co. KG Fujitsu Technology Solutions GmbH Giesecke+Devrient GmbH Gleason-Hurth Tooling GmbH HAWE Hydraulik SE Hoffmann SE Infineon Technologies AG Intel Deutschland GmbH Klüber Lubrication München SE & Co. KGKnorr-Bremse AG KraussMaffei Group GmbH Krauss-Maffei Wegmann GmbH & Co. KGLEGO GmbH Linde Aktiengesellschaft MAURER SE MTU Aero Engines AG OHB System AG OSRAM Licht AG Philip Morris GmbH Rodenstock GmbH ROHDE & SCHWARZ GmbH & Co. KG Siemens Aktiengesellschaft Siltronic AG SONA BLW Präzisionsschmiede GmbH SPINNER GmbH TDK Electronics AG Texas Instruments Deutschland GmbH Thüga Aktiengesellschaft VISPIRON SYSTEMS GmbH Wacker Neuson SE
Automotive engineering
Bayerische Motoren Werke Aktiengesellschaft Bertrandt Ingenieurbüro GmbH EDAG Engineering GmbH Franz Xaver Meiller Fahrzeug- und Maschinenfabrik GmbH & Co. KG iwis Gruppe MAN SE P+Z Engineering GmbH Rail Power Systems GmbH Schleicher Fahrzeugteile GmbH & Co. KGValmet Automotive Engineering GmbH Volke Consulting Engineers GmbH & Co. Planungs KG Webasto SE
Property/construction
Accumulata Real Estate GmbH ARGENTA Internationale Anlagegesell-schaft mbH Bayerische Hausbau GmbH & Co. KG DIBAG Industriebau AG Drees & Sommer München Hammer AG Investa Projektentwicklungs- und Verwaltungsgesellschaft mbH Leonhard Moll AG Optima-Aegidius-FirmengruppeSTRABAG Großprojekte GmbH WÖHR + BAUER GmbH
Financial services
Allianz SE AXA Konzern AG Bayerische Börse AG Bayerische Landesbank Anstalt des öffentlichen Rechts BNP Paribas S.A. Niederlassung DeutschlandCACEIS Bank S.A., Germany BranchContinentale Lebensversicherung AG Deutsche Pfandbriefbank AG Generali Versicherung AG Interhyp AG
KGAL GmbH & Co. KG Lebensversicherung von 1871 a. G. MünchenLfA FÖRDERBANK BAYERN MEAG MUNICH ERGO AssetManagement GmbH Merck Finck Privatbankiers AG Münchener Hypothekenbank eG Münchener Verein Krankenversicherung a.G.Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Münchner Bank eG SBK Siemens-BetriebskrankenkasseSparda-Bank München eG Stadtsparkasse München Anstalt des öffentlichen Rechts State Street Bank International GmbH Swiss Life AG Niederlassung für DeutschlandSwiss Re Europe S.A. Niederlassung Deutschland UniCredit Bank AG Versicherungskammer Bayern Versicherungsanstalt des öffentlichen RechtsWirecard AG WWK Lebensversicherung auf Gegenseitigkeit
Life ScienceAgfa-Gevaert HealthCare GmbH Amgen GmbH Arthrex GmbH Astellas Pharma GmbH Bavarian Nordic GmbH Baxter Deutschland GmbH bene-Arzneimittel GmbH Brainlab AG Bristol-Myers Squibb GmbH & Co. KGaADaiichi Sankyo Europe GmbH GE Healthcare GmbH GlaxoSmithKline GmbH & Co. KG Hexal AG LivaNova Deutschland GmbH Medigene AG MorphoSys AG MSD SHARP & DOHME GMBH PUREN Pharma GmbH & Co. KG Roche Diagnostics GmbH Sandoz International GmbH Wacker Chemie AG
1) not exhaustive DAX company
Selected companies in the Munich region1)
13
Information and communication technology
Apple GmbH Atos Information Technology GmbH Autodesk GmbH Avnet Business Services GmbHBT (Germany) GmbH & Co. oHG CANCOM SE Cegeka Deutschland GmbH Celonis SECisco Systems GmbH ESG Elektroniksystem- und Logistik-GmbHGigaset AG Google Germany GmbH Huawei Technologies Deutschland GmbHIBM Deutschland GmbH Ingram Micro Distribution GmbH M-net Telekommunikations GmbH Mensch und Maschine Deutschland GmbHMicrosoft Deutschland GmbH National Instruments Germany GmbH NEMETSCHEK SE Nokia Solutions and Networks GmbH & Co. KG NTT DATA Deutschland GmbH Open Text Software GmbH ORACLE Deutschland B.V.& Co. KG Qualcomm Germany RFFE GmbHsalesforce.com Germany GmbH SAP Deutschland SE & Co. KGTech Data GmbH & Co. oHG Telekom Deutschland GmbH Telefónica Deutschland Holding AG Travian Games GmbH Vodafone GmbH, Region Süd Yahoo! Deutschland Services GmbH
Media
Abendzeitung München Verlags-GmbH ARRI AG Bavaria Film GmbH Bayerischer Rundfunk Anstalt des öffentlichen Rechts Carl Hanser Verlag GmbH & Co. KG Constantin Film AG dtv Verlagsgesellschaft mbH & Co. KG GRÄFE UND UNZER VERLAG GmbH H. Hugendubel GmbH & Co. KG Hubert Burda Media Holding KG
IDG Communications Media AG Münchener Zeitungs-Verlag GmbH & Co. KGProgrammdirektion Erstes Deutsches Fernsehen ProSiebenSat.1 Media SE RTL 2 Fernsehen GmbH & Co. KG Sky Deutschland GmbH Sony Music Entertainment Germany GmbHSpringer Fachmedien München GmbH Süddeutscher Verlag GmbHThe Walt Disney Company (Germany) GmbHVERLAG C.H.BECK oHG Verlagsgruppe Random House GmbH Vodafone Kabel Deutschland GmbH
Food
Alois Dallmayr KG AmRest Coffee Deutschland Sp. z o. o. & Co. KG Augustiner-Bräu Wagner KG DANONE GmbH Develey Senf & Feinkost GmbH Hacker-Pschorr Bräu GmbH Josef Bernbacher & Sohn GmbH & Co. KGKäfer AG Löwenbräu AG Ludwig Stocker Hofpfisterei GmbHMars Wrigley Confectionery Max Rischart‘s Backhaus KG McDonald`s Deutschland LLC Paulaner Brauerei Gruppe GmbH & Co. KGaARed Bull Deutschland GmbH Spaten-Franziskaner-Bräu GmbH Staatliches Hofbräuhaus in München vinzenzmurr Vertriebs GmbH
Fashion and lifestyle
ALLUDE Gesellschaft für Entwicklung und Distribution von Modewaren mbHAmbiente Direct GmbHESCADA SE Estée Lauder Companies GmbHEtienne Aigner AG HALLHUBER GmbH Königliche Porzellan Manufaktur Nymphenburg GmbH & Co. KG Laurèl GmbH LODEN-FREY Verkaufshaus GmbH & Co. KGLouis Vuitton Deutschland GmbH MAERZ Muenchen KG
MORE & MORE GmbH Oui Gruppe GmbH & Co. KG Roeckl Handschuhe & Accessoires GmbH & Co. KG Steelcase AG TALBOT RUNHOF Triumph International AG Willy Bogner GmbH & Co. KGaA
Other service providers
Accenture GmbH ADAC e.V. Amazon EU SARL Bain & Company Germany, Inc. Bayerngas GmbH BayWa AG BRUNATA – METRONA GmbH & Co. KGBoston Consulting Group GmbHCapgemini Deutschland GmbH CHECK24 Vergleichsportal GmbH Deloitte GmbH Wirtschaftsprüfungs-gesellschaftDr. Sasse AG Edenred Deutschland GmbH Ernst & Young GmbH WirtschaftsprüfungsgesellschaftFlixMobility GmbH FTI Touristik GmbH Jochen Schweizer GmbH Kantar GmbH KPMG AG WirtschaftsprüfungsgesellschaftMAHAG GmbH McKinsey & Company Inc.Motel One GmbH mydays GmbH PAYBACK GmbH PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft Roland Berger GmbH Scout24 AG Sana Kliniken AG Serviceplan Group SE & Co. KG Sixt SE Stadtwerke München GmbH Studiosus Reisen München GmbH TÜV SÜD AG
Companies in Munich: 90 711New business registered: 17 393
14 | Munich as a business location – Department of Labor and Economic Development
Munich as a hub of knowledgeMunich is Germany’s secondbiggest university city.
Students at Munich’s universitiesin the winter 2018/2019 semester
131 006 students in Munich, of whom 26 401 (20.2%) were foreign students
University graduates2019Percentage of all employees registeredfor social security who are universitygraduates
Munich
Stuttgart
Frankfurt/Main
Berlin
Cologne
Hamburg
Bavaria
Germany
32.7%
29.5%
35.7%
24.5%
17.5%
16.8%
25.4%
27.6%
Selected universities Selected nonuniversity research institutions
Academy of Fashion and Design Bavarina Academy of Sciences and Humanities
Catholic University of Applied Sciences Deutsches Museum
FOM – University of Applied Sciences Fraunhofer Society
Fresenius University, Munich department Goethe Institute
HDBW Bavarian Business Academy Munich Helmholtz Center Munich
Ludwig-Maximilians-Universität München ifo Institute for Economic Research
Macromedia University for Media and Communication Institute of Contemporary History
Munich Academy of the Fine Arts Leibniz-Institute for Food Systems Biology
Munich Business School Max Planck Society
Munich School of Philosophy
Munich School of Political Science
Munich University of Applied Sciences
Munich University of Music and Theater
Munich University of Television and Film
Munich University of the Federal Armed Forces
Technische Universität München
University of Applied Languages (SDI) Munich
Ludwig-Maximilians- Universität München
Technische Universität München
Munich University of Applied Sciences
University of the Federal Armed Forces Munich
Other universities
51 164
40 63217 987 17 952
3 271
Source: Bavarian Office of Statistics and Data Processing
Source: Federal Employment Agency
15
Local government financeHeavy investment and systematic debt reduction are characteristic features of Munich’s local government budget policy.
Planned investments in the City of Munich in 2019 – 2023Total investments: € 9 936 million
The City of Munich’s local government debt
Source: City of Munich, City Treasury
€ 983million
9.9%
Other investments
€ 599million
6.0% Road and bridge construction
€ 134million
1.4%Climate change mitigation program
€ 306million
3.1% Culture
€ 1 369 million
13.8%Housing construction
€ 4 273 million
43.0% Schools, nurseries and creches
2005 2011 2012 2013 2014 2015 2016 2017 2018 2019
€ 686million
6.9%SWM capitalrepayment
3 41
4
680
2 65
0
680
437
1 67
3
1 18
6
1 36
1
945
967
660 90
6
608 81
5
536 76
6
496 72
4
474
441
Debts Debts per inhabitant in € million in €
2005 – 2018: Actual debt figures, 2019: 2nd budget amendment
€ 978million
9.8% Other construction projects
€ 608million
6.1% Local public transportation
Balance sheet for the City of Munich, 2019 in € million
7 632Expenditures
166Surplus
Revenues 7 798
2 740Business tax
1 270Income tax
330Property tax
321Other taxes
3 137Other revenues
16 | Munich as a business location – Department of Labor and Economic Development
Real estate in MunichOffice property markets mirror the rising demand and dwindling vacancy rates in larger towns and cities.
Office space turnover in m² 2018 2019 2018 2019
Average rents for office space in € / m²
Office vacancy rates
Vacant office space in m² 2018 2019 2018 2019
Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart
2018 21.70 20.30 15.70 13.80 19.00 14.00
2019 26.30 21.30 17.30 15.20 20.10 16.60
Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart
Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart
2018 1.5% 6.8% 3.6% 2.8% 1.8% 2.3%
2019 1.2% 6.9% 2.5% 2.2% 2.2% 1.9%
973 3001 030 000
216 100
185 400149 600175 000
Source: Colliers International
290 000 275 000
791 000770 400
304 500344 700
618 000
783 800 793 600
550 500 535 400
312 100
564 000
488 000 489 400
Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart
220 000246 000
410 600
17
Real estate in MunichMajor construction projects and plans, 2019 – 2020
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18 | Munich as a business location – Department of Labor and Economic Development
Munich’s infrastructureMunich’s trade fair company is one of the world’s leading trade fair organizers.
Munich trade faircompany
Selected Munich trade fairs in 2019Exhibitors Visitors
BAU World’s leading trade fair for architecture, materials and systems 2 240 249 228
bauma World’s leading trade fair for construction machinery, building material and mining machines, construction vehicles and equipment
3 684 627 603
HEIM + HANDWERK Building, furnishing, living with FOOD & LIFE – Where gourmets meet 1 211 121 000
INHORGENTA MUNICH Leading international trade fair for jewellery and watches 1 039 27 271
INTERNATIONALE HANDWERKSMESSE
International trade fair for craft trades with Garten München 951 105 333
ISPO München World’s leading sports trade fair 2 926 80 200
LASER World of PHOTONICS World‘s leading trade fair and congress for components, systems and applications of optical technologies
1 325 33 999
Opti International trade fair for optics and design 631 28 294
OutDoor by ISPO Europe’s largest outdoor trade fair 1 136 22 077
transport logistic World’s leading trade fair for logistics, mobility, IT and supply chain management
2 374 63 893
Source: Messe München
No. of exhibitors (thousands) No. of visitors (hundred thousands)
Selected congresses at the ICM International Congress Center in 2019Participants
Congress of the Federal Association of Practising Veterinarians (bpt) 2 000
Congress of the German Society of Surgery (DCK) 4 700
Congress of the German Society for Child and Youth Medicine (DGKJ) 3 000
Congress of the German Respiratory Society (DGP) 4 000
International Conference of the Association for Information Systems (ICIS) 2 500
2014 2015 2016 2017 2018 2019
Trade fairs and exhibitions 13 13 16 15 14 15
Guest shows 202 204 169 180 158 163
40
35
30
25
20
15
2014 2015 2016 2017 2018 2019
24.9
17.9
19.1
24.3
32.532.8
33.637.0
19.3
34.7
19.5
37.0
19
Munich’s infrastructureMunich Airport – twelvetime winner of the “Best European Airport” award.1)
Passenger volume at Munich Airportmillions
Takeoffs and landings at Munich Airportthousands
2019
17.325.524.247.970.6
Source: German Airports Association (ADV)
1) Award is given by Skytrax World Airport Awards.
Source: Flughafen München
50
47
44
41
38
35
32
29
2014 2015 2016 2017 2018 2019
47.9
39.740.9
42.3
44.6
425
400
375
350
325
300
2014 2015 2016 2017 2018 2019
413 417
377380 394 405
46.3
Passenger volumes at selected German airportsmillions
2018
17.224.334.746.369.5
Munich Berlin Düsseldorf HamburgFrankfurt/Main
Munich Berlin Düsseldorf HamburgFrankfurt/Main
20 | Munich as a business location – Department of Labor and Economic Development
Selected European flight connectionsa two-hour radius
Selected direct international flights101 airlines regularly served 254 destinations in 2019.
Getting to and from MunichCar: Connections to 7 motorways
Public transport: 722 million passengers annually with a 442 km S-Bahn, 95 km U-Bahn, 82 km tram and 511 km bus network
Rail transport: Over 220 long-distance and 250 regional trains transport approx. 450,000 passengers each day
Source: Flughafen München
Hamburg (1:15)
Copenhagen (1:35)
Berlin (1:10)
Prague (0:50)
Warsaw (1:35)
Krakow (1:15)
Vienna (1:05)
Budapest (1:15)
Belgrade (1:30)
Sarajevo (1:20)
Zagreb (1:05)
Tirana (1:40)
Ljubljana (1:00)
Marseille (1:35)
Milan (1:05)Nice (1:25)
Geneva (1:10)Lyon (1:20)
Zurich (0:55)
Paris (1:40)
Luxembourg (1:05)
Brussels (1:20)Amsterdam (1:35)
Frankfurt/ Main (1:00)
Rome (1:30)
London (1:55)Southampton (2:00) Vilnius (2:00)
Toronto (8:50)Chicago (9:55)New York (9:10)
Washington (9:15)Los Angeles (12:15)
San Francisco (11:50)
Miami (11:00)
Mexico-City (12:50)
Houston (11:40)
Havanna (11:50)Cancun (12:25)
Tel Aviv (3:40)
Delhi (7:30)
Beijing (9:35)
Shanghai (11:00)
Bangkok (10:40)
Hong Kong (11:10)
Tokyo (11:25)Osaka (11:00)
Singapore (11:55)
Kiev (2:10)
Moskow (3:00)Ekaterinburg (4:40)
St. Petersburg (2:45)
Istanbul (2:35)
Casablanca (3:40) Cairo (3:40)
Dubai (6:00)
Abu Dhabi (6:00)
Mauritius (11:10)Johannesburg (10:40)
Cape Town (11:25)
Reykjavik (3:55)
Charlotte (10:05)Denver (10:40)
Montreal (8:20)Vancouver (10:15)
Mumbai (8:15)
Seoul (10:25)Lissabon (3:15)
Bogota (12:05)
Riad (5:35)
Dublin (2:30)
Madrid (2:45)
Oslo (2:15)Stockholm (2:10) Helsinki (2:35)
Novosibirsk (6:30)
Imprint
Published by:City of MunichDepartment of Labor andEconomic DevelopmentHerzog-Wilhelm-Str. 1580331 MünchenGermany
Editor: Eva Schweigard Tel. +49-89-233 2 53 25 [email protected]
Design:wpgh kommunikation, München
Printing:Ortmaier Druck GmbH
Printed on paper made from certifiedwood from controlled sources and from recycled materials
Munich, February 2020
Picture credits on cover:Lovelace Platzl (Christian Kasper)TechFest München (Andreas Heddergott)Stadtansichten (Andreas Heddergott)
