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2019Munich as a business location. Facts and Figures

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Published by the Department of Labor and Economic Development, March 2019, Vol. No. 323

2019Munich as a business location. Facts and Figures

2 | Munich as a business location – Department of Labor and Economic Development

Dear Reader,

This publication provides a wide-ranging and up-to-date outline of the many and varied aspects of Munich’s economy.

The numbers and tables paint a clear picture of a modern, dynamic business base with huge upside potential – witness the impressive data for economic performance, purchasing power, employment and unemployment. Munich’s success is rooted in the singular diversity of its economic structure. In the Bavarian capital,

global market leaders rub shoulders with a healthy array of medium-sized com-panies representing a broad spectrum of industries, as well as a large number of smaller firms and skilled craft businesses.

A hub of dynamic innovation, Munich is well placed for the future. Recent rankings find that, in terms of digitization, the city itself and the surrounding region occupy an outstanding position compared to other large German cities. Moreover, digi-tization is long since impacting the city’s labor market, as can be seen from the qualification and activity profiles of local employees.

This publication also highlights some of the city’s other strengths: as a startup hub, a knowledge repository and a popular destination for tourists. Data for trade fair operator Messe München and for Munich Airport testify to the impressive capabilities of Munich’s public infrastructure and facilities, which are underpinned by a healthy financial structure. Facts about current developments on the Munich office property market, major projects and construction plans in the pipeline round off this brief panorama.

I wish you an enjoyable and informative read.

Clemens BaumgärtnerDepartment of Labor and Economic Development

3

Contents

Institute and customer Sample Basis for rankings Position

“City Rankings 2018” IW Consult, commissioned by Wirtschafts-woche and Immobilienscout 24 (11/2018)

71 large German cities

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 and dynamism, fourth place for sustainability

“European Regional Economic Growth Index – E-REGI 2018” LaSalle Investment Management (11/2018)

295 regions in 32 European countries

Identification of those regions/cities with the greatest short- to medium- term development potential based on economic and structural indicators

Fifth place for the Munich region

“Dataland Germany. Germany‘s Tech Hubs – Performance and Potential of German Cities” Deloitte(11/2018)

30 German metropolitan regions

Assessment of digital tech hubs in Germany and their future potential for innovation based on economic indica-tors and labor market data

First place for the City of Munich

“Digital Regions in Germany – IW Regional Rankings 2018” IW Consult (4/2018)

401 admin-istrative districts in Germany

Assessment of the economic situation and development in light of special provision for regions‘ digital opportu-nities

First place for the administrative district of Munich; third place for the City of Munich

“Comparative Study of the 30 Largest Cities in Germany” HWWI and the Berenberg private bank (6/2017)

30 largest German cities

Assessment of economic performance, demographic development and other key location factors such as education, innovation, international character and accessibility

First place for the City of Munich

The Munich economic region 3

Economic development in Munich 4

Economic development in the Munich Metropolitan Region 5

Employment in Munich 6

Digitization on the Munich labor market 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

The Munich economic regionA place at the top table: How Munich compares with other cities


32 856Per capita purchasing power in 2018 in €

Economic development in MunichEconomic performance is high in Munich, which also has the highest purchasing power of any large German city.

Munich

26 163

Hamburg

23 715

Germany

24 137

Cologne

25 492

Stuttgart

25 958

Frankfurt/Main

25 797

Bavaria

21 595

Berlin

Source: Acxiom Deutschland GmbH

2000 2005 2012 2013 2014 2015 2016

GDP in € billion (at current prices in each year)

70.49 75.69 91.33 95.68 100.42 105.5 109.57

Population(2017)

GDP in million €(2016)

GDP per gainfully em-ployed person in € (2016)

Bavaria 12 997 204 569 810 76 953

Munich region 2 883 373 178 655 96 768

City of Munich 1 456 039 109 571 100 766

Outlying districts 1 427 334 69 084 91 026

19.2% City of Munich

12.1% Outlying districts

68.7% Bavaria (excluding the Munich region)

11.2% City of Munich

11.0% Outlying districts

77.8% 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

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

Population in 2017 (millions) 82.7 13.0 6.1

Surface area (in km2) 357 100 70 550 25 548

GDP in 2016 (in € billion) 3 159.8 569.8 307.4

Employees registered for social security in 2018 (millions)

32.88 5.6 2.7

Unemployment rate in 2018 (in %) 5.2 2.9 2.9

Source: Munich Metropolitan Region (EMM e.V.)

Source: Bavarian Office of Statistics and Data Processing, Federal Statistical Office, Federal Employment Agency


Employment in MunichA balanced economic and employment structure is one of Munich’s most valuable assets.

Distribution of employment in 2018Employees registered for social security

Number of employees registered for social security in 2018

Change from previous year

Agriculture, forestry 537 -2.5%

Manufacturing 101 380 0.9%

Construction, energy/water supply, energy industry 35 550 3.1%

Retail, catering, transportation 158 138 3.4%

Information and communication 82 990 7.5%

Financial and insurance services 56 892 -1.7%

Property, consultancy, business services 219 820 3.5%

Public administration 41 110 1.6%

Education and teaching 32 476 4.0%

Healthcare and social sector 99 616 2.4%

Other public and private services 45 590 0.0%

Total 874 099 2.8%

Agri-culture, forestry

0.1%

Educationand teaching

3.7%

Construction,energy/ water supply,energy industry

4.1%

Publicadministration

4.7%

Other public and private services

5.2%

Financial and insurance services

6.5%

Information and communication

9.5%

Healthcare andsocial sector

11.4%

Manufacturing

11.6%

Retail, catering,transportation

18.1%

Property, consultancy,business services

25.1%

Source: Federal Employment Agency

7

Employment in MunichEmployment is growing above all in the service sector and in digitised sectors of the economy.

Employment inselected growthsectorsEmployees registeredfor social security

Unemploymentrates in Germany,Bavaria and MunichAnnual averages

Number of people out of work in 2018 Germany: 2 340 082 Bavaria: 214 017 Munich: 36 962

Unemploymentrates in Germancities in 2018Annual averages

2017 Germany

Bavaria

Munich

2018 Germany

Bavaria

Munich


2013 2018 Absolute increase

Increasein %

Manufacturing, total 89 375 101 380 12 005 13.4%

Automobile production and other automotive engineering

45 768 60 024 14 256 31.1%

Information and communication, total 60 665 82 990 22 325 36.8%

Provision of information technology services

34 246 50 844 16 598 48.5%

Corporate services, total 186 729 219 820 33 091 17.7%

Architects and engineering offices; laboratories

22 900 30 772 7 872 34.4%

Healthcare and social services80 190 99 616 19 426 24.2%

Total employment 754 269 874 099 119 830 15.9%

3.9%

5.7%

3.2%

3.5%

5.2%

2.9%

Berlin 156 231

Cologne 45 968

Hamburg 65 589

Frankfurt/Main 21 584

Stuttgart 20 287

Munich

8.3%

7.9%

3.5%3.7%

5.4%

6.3%

36 962


of socially insured employees in Munich work in heavily digitized industries *

of socially insured employees in Munich work in industries with a high degree of digitization *

Comparative employment trends – overall and digitized industries Munich Employment Agency

Employment breakdown by level of requirements – overall and digitized industriesMunich Employment Agency, 2017

2013 2015 2017 Growth 2013 – 2017 (in %)

Growth 2013 – 2017 (absolute)

Employees in industries with a high degree of digitization

509 795 537 903 571 311 12.1% 61 516

Total employees 932 558 989 114 1 052 387 12.8% 119 829

Experts1)

Specialists2)

Skilled workers

Unskilled workers

23% 54%

Manufacturing

Information and communication

Freelance services, scientific and technical services

Public and private services

Provision of financial and insurance services

Other areas

Source: Digital Skills in Munich – A Study by the Chamber of Industry and Commerce, the City of Munich and LinkedIn, 2018

Breakdown of digital skills across gainfully employed persons by industryFindings of a joint study for Munich, taking LinkedIn as its data basis. LinkedIn members were classified by “digital expertise” and “digital user skills”.

20.6%

25.8%

23.7%

32.4%

34.9%

20.9%

21.4%

17.0%

17.6%

6.1%

5.0%

8.0%

4.9%

5.4%

6.8%

14.6%

23.0%

Digital user skills

Digital expertise

Breakdown across total employees

All industries

Industries with a high degree of digitization

26%

33%

19%

25%45%

39%

10%

4%

11.9%

Source: Bundesagentur für Arbeit, Arbeitsagentur München, City of Munich‘s own calculations.

* Industry classifications by iw Köln, based on the model used by the Federal Ministry for Economic Affairs; detailed breakdown across the Munich labor market available (in German) at:

„Digitalisierung.Qualifizierung – Entwicklung am Münchner Arbeitsmarkt“

Digitization on the Munich labor market Digital skills are strongly represented on the Munich labor market.

1) Activities with very high complex requirements, sometimes combined with special knowledge and skills, very high demands on specialist knowledge and/or management tasks.

2) Activities of a high level of complexity requiring a correspondingly high level of knowledge and skills; senior professional and managerial functions.

Source: Federal Employment Agency, Munich Employment Agency, City of Munich‘s own calculations

9

Startups in Munich

A round of financing is an increase in capital contributions through investors.

Top ten: Munich startups with the biggest rounds of financing in 2018

Munich startups rank among the best in the world in the industries Fintech/

InsurtechMobility/advanced manufacturing/robotics

Healthcare

Source: Startup Genome LLC: “Global Startup Ecosystem Report (GSER) –

Succeeding in the New Era of Technology”

Study investigates success factors for the development of startup ecosystems and

identifies successful ecosystems in different industries; based on the analysis of data

from more than 10,000 startups in 45 cities worldwide.

1. Celonis SE: 50 million euros 2. Tado GmbH: 50 million dollars

3. Freeletics GmbH: 45 million dollars 4. NavVis GmbH: 35 million dollars

5. xbAV AG: 21 million euros

6. eGym GmbH: 20 million euros

7. Konux GmbH: 20 million dollars 8. Payworks GmbH: 14.5 million dollars

9. Fineway GmbH: 13 million euros 10. Abracar GmbH: 11.5 million euros

Source: Munich Startup

Satisfaction with MunichStartups value Munich‘s startup climate

Verdict on the local startup ecosystems

36%

60%

4%

8%

80%

12%

■ 2018 ■ 2017

98%

98%

96%

94%

90%

90%

82%

Detailed and up-to-date information is available at:

Department of Labor and Economic Development, Startups:

www.muenchen.de/gruendung

Munich Startup – the Official Startup Portal for Munich:

www.munich-startup.de

Very good

Generally good

Generally poor

Very poor

Digital infrastructure (e.g. broadband development, high-speed Internet)

Startup community in general

Opportunities for cooperation with established firms

Offers of funding

€

€

€€

*)

*) 2017 question not raised.

Source: PwC Communications: “Startup Companies in and around Munich in 2018”


Sectors and clusters in MunichMunich’s balanced economic structure includes a strong focus on exports in the manufacturing industry.

Value added in theindividual sectorsin 2016Value added € 98 694 million

Manufacturingindustry in Munich in € million

Export ratio Bavaria 2017: 53.2%Export ratio Germany 2017: 48.2%

Finance, insurance,business services,property and housing

Public and privatesector services,childcare and healthcare

€ 31 880 million 32.3%

Manufacturing

€ 22 144 million 22.4%

Retail, catering,transportation, informationand communication

€ 26 031 million 26.4%

€ 18 639 million 18.9%

Manufacture of IT,electronic and optical products, 2017

Other automotive engineering, 2017 Mechanical engineering, 2017


3 251 Total turnover

2 452 Exports

75.4% Export rate


3 312 Exports

80.7% Export rate


1 668 Exports

73.2% Export rate

2015 2016 2017

Total turnover 31 720 29 601 29 190

Exports 21 133 18 647 18 222

Export rate 66.6% 63.0% 62.4%

11

Sectors and clusters in MunichSelected sectors and clusters at the Munich location.

Biotechnology and pharmaceutical industry 2016 Munich region

Biotech Pharma Suppliers andservice providers

Companies 190 35 80

Turnover (in € billion) 0.7 4.5 0.2

Employees 12 000 8 000 4 000

Total capital expenditures in medical engineering (in € million)

500 600 not available

Source: BioM Biotech Cluster Development GmbH

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

Source: prognos, Umweltwirtschaft in der Region München, 2018

2013 2014 2015 2016 2017 2018*

Arrivals (in 1 000) 6 303 6 594 6 957 7 042 7 763 8 150

Overnight stays (in 1 000) 12 895 13 448 14 066 14 041 15 664 17 150

Turnover resulting from tourism in Munich in 2018Total turnover € 7.65 billion

*Projection 2018

Source: City of Munich, Department of Labor and Economic Development, Munich Office of Tourism.

Retail

Services

Hotels and catering

€ 2.72 billion 35.7%

€ 1.61 billion 21.1%

€ 3.32 billion 43.2%


Selected companies in the Munich region1)

1) not exhaustive

Manufacturing and high-tech industries

Airbus Defence and Space GmbH BAUER COMP Holding GmbH BSH Hausgeräte GmbH DR. SCHNELL GmbH & Co. KGaA EOS GmbH Electro Optical Systems 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 Zweigniederlassung München 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-FIRMENGRUPPE STRABAG 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 Branch Continentale Lebensversicherung AG D.A.S. Rechtsschutz Leistungs-GmbH 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 Münchner Bank eG Münchener Rückversicherungs- Gesellschaft Aktiengesellschaft in MünchenSparda-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 Science

Agfa-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

13

Information and communication technology

Apple GmbH Atos Information Technology GmbH Autodesk GmbH Avnet Holding Germany GmbH BT (Germany) GmbH & Co. oHG CANCOM SE Cegeka Deutschland GmbH Cisco Systems GmbH Comarch Software und Beratung AG Gigaset 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 Tech 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 Kommanditgesellschaft IDG Communications Media AG

Langenscheidt GmbH & Co. KG 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 Direkt GmbH ESCADA SE Estèe Lauder Companies GmbH Etienne 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. KGCapgemini Deutschland GmbH CHECK24 Vergleichsportal GmbH Deloitte Deutschland GmbH Dr. Sasse AG Edenred Deutschland GmbH Ernst & Young GmbH WirtschaftsprüfungsgesellschaftFlixMobility GmbH FTI Touristik GmbH Jochen Schweizer GmbH Kantar Deutschland GmbH KPMG AG WirtschaftsprüfungsgesellschaftMAHAG GmbH McKinsey & Company, Inc. Motel One GmbH Münchener Verein Krankenversicherung a.G.mydays GmbH PAYBACK GmbH PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft Roland Berger GmbH Scout24 AG Sana Kliniken AG SBK Siemens-Betriebskrankenkasse Serviceplan Gruppe für innovative Kommunikation GmbH & Co. KG Sixt SE Stadtwerke München GmbH Studiosus Reisen München GmbH The Boston Consulting Group GmbH TÜV SÜD AG

Companies in Munich: 91 202New business registered: 17 496


Munich as a hub of knowledgeMunich is Germany’s second-biggest university city.


Students at Munich’s universitiesin the winter 2017/2018 semester

120 733 students in Munich, of whom 23 234 (19.2%) were foreign students

University graduatesin 2018Percentage of all employees registeredfor social security who are universitygraduates

Munich

Stuttgart

Frankfurt/Main

Berlin

Cologne

Hamburg

Bavaria

Germany

31.4%

28.3%

34.3%

23.6%

16.8%

16.2%

24.3%

26.4%

Insitutes of higher education and selected non-university research institutions

Academy of Fashion and Design Macromedia University for Media and Communication

Bavarian Academy of Sciences and Humanities Max Planck Society

Catholic University of Applied Sciences Munich Academy of the Fine Arts

Deutsches Museum Munich Business School

FOM – University of Applied Sciences Munich School of Philosophy

Fraunhofer Society Munich School of Political Science

Fresenius University, Munich department Munich University of Applied Sciences

Goethe Institute Munich University of Music and Theater

HDBW Bavarian Business Academy Munich Munich University of Television and Film

Helmholtz Center Munich Munich University of the Federal Armed Forces

ifo Institute for Economic Research Technische Universität Münchens

Institute of Contemporary History University of Applied Languages (SDI) Munich

Ludwig-Maximilians-Universität München

Ludwig-Maximilians- Universität München

Technische Universität München

Munich University of Applied Sciences

University of the Federal Armed Forces Munich

Other universities

50 527

40 19617 830

3 260 8 920


15

Local government financeHeavy investment and systematic debt reduction are characteristic features of Munich’s local government budget policy.

Balance sheet for the City of Munich on January 1, 2017 in € million

Planned investments in the City of Munich in 2018–2022Total investments: € 7 629 million

The City of Munich’s local government debt

€ 479 million

6.3%

€ 1 011 million

13.3%

Other investmentsRoad and bridge construction

€ 171 million

2.2%Climate change mitigation program

€ 324 million

4.2% Culture

€ 1 211 million

15.9%Housing construction

€ 3 285 million

43.1% Schools, nurseries and creches

€ 358 million

4.7% SWM capital repayment

€ 221 million

2.9% Local public transportation

€ 569 million

7.5% Other construction projects

Source: City of Munich, City Treasury

2005 2010 2011 2012 2013 2014 2015 2016 2017 2018

3 41

4

680

2 65

0

2 22

3

1 60

8

1 67

3

1 18

6

1 36

1

945

967

660 90

6

608 81

5

536 76

6

496 72

4

474

446

Debts Debts per inhabitant in € million in €

2005 – 2017: Actual debt figures, 2018: 2nd budget amendment

7 270Expenditures

352Surplus

Revenues 7 622

2 690Business tax

1 200Income tax

326Property tax

290Other taxes

3 116Other revenues


Real estate in MunichMunich‘s office property market mirrors the city‘s economic development:high turnover figures and a dwindling vacancy rate.

Office space turnover in m² 2017 2018 2017 2018

Average rents for office space in € / m²

Office vacancy rates

Vacant office space in m² 2017 2018 2017 2018

Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart

2017 19.15 20.00 15.40 12.90 17.30 13.40

2018 21.70 20.30 15.70 13.80 19.00 14.00



2017 2.0% 9.6% 4.5% 4.0% 2.4% 2.1%

2018 1.5% 6.8% 3.6% 2.8% 1.8% 2.3%

973 300984 200

535 900

216 100

185 400

268 400

164 600

Source: Colliers International

290 000302 000

314 000

937 000791 000

390 000304 500

618 000

710 100

783 800

1 104 900

564 000622 000

488 000

625 000


220 000

410 600

17

Real estate in MunichMajor construction projects and plans, 2019 – 2020

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Munich’s infrastructureMunich’s trade fair company is one of the world’s leading trade fair organizers.

Source: Messe München

Munich trade faircompany

No. of exhibitors (thousands) No. of visitors (hundred thousands)

2013 2014 2015 2016 2017 2018

Trade fairs and exhibitions 16 13 13 16 15 14

Guest shows 203 202 204 169 180 158

40

35

30

25

20

15

2013 2014 2015 2016 2017 2018

23.0

17.9

19.124.3

36.4

32.8

33.637.0

19.3

34.7

19.5

37.0

Selected Munich trade fairs in 2018Exhibitors Visitors

Electronica World‘s premier trade fair for electronic components, systems, applications and solutions

3 446 81 471

IFAT World‘s premier trade show for environmental technologies 3 305 142 472

ISPO MUNICH World‘s largest sports trade fair 2 802 83 606

EXPO REAL International trade fair for property and investment 2 095 41 202

IBA World‘s leading trade fair for bakery, confectionery and snacks 1 373 76 800

analytica International trade fair for laboratory technology, analysis, biotechnology and analytica Conference

1 167 35 626

HEIM & HANDWERK Building, furnishing, living 1 167 123 903

INHORGENTA MUNICH Leading international trade fair for jewelry and watches 1 025 27 113

INTERNATIONALE HANDWERKSMESSE

Leading trade fair for craft trades 1 010 121 522

AUTOMATICA Leading exhibition for smart automation and robotics 890 45 584

Selected congresses at the ICM International Congress Center in 2018Participants

Congress of the European Society of Cardiology (ESC) (August 2018) 32 859

Congress of the European Society for Medical Oncology (ESMO) (October 2018) 27 940

Fujitsu Forum 2018 (November 2018) 10 543

Congress of the European Academy of Allergy and Clinical Immunology (EAACI) (May 2018) 7 553

Visceral Medicine 2018 (September 2018) 5 900

19

Munich’s infrastructureMunich Airport – ten-time winner of the “Best European Airport” award.

Passenger volume at Munich Airportmillions

Take-offs and landings at Munich Airportthousands

Passenger volumes at selected German airportsmillions

Source: German Airports Association (ADV)

1) Award is given by Skytrax World Airport Awards.

Source: Flughafen München GmbH

47

44

41

38

35

32

29

2013 2014 2015 2016 2017 2018

38.7 39.740.9

42.3

44.6

425

400

375

350

325

300

2013 2014 2015 2016 2017 2018

413382 377

380 394 405

46.3

2018 Munich Berlin Düsseldorf HamburgFrankfurt/Main

17.224.334.746.369.5

2017 Munich Berlin Düsseldorf HamburgFrankfurt/Main

17.624.633.344.664.5


Selected European flight connections a two-hour radius

Selected directinternational flights106 airlines regularly served 264 destinations in 2018

Munich’s infrastructureMunich Airport is one of Europe’s biggest aviation hubs.

Source: Flughafen München

Toronto (8:55)Chicago (9:50)

New York (8:50)Washington (9:05)Los Angeles (12:00)

San Francisco (12:00)

Miami (11:00)

Mexico City (12:35) Havanna (11:45)

Amman (3:55)

Delhi (7:35)

Bangkok (10:15)

Hong Kong (11:10)

Tokyo (11:10)

Singapore (11:50)

Kiev (2:15)Moskow (3:05)

St. Petersburg (2:45)

Istanbul (2:40)

Casablanca (3:40) Cairo (3:40)

Dubai (6:00)

Mauritius (11:15)

Mombasa (8:25)

Johannesburg (10:10)

Cape Town (11:30)

Reykjavik (3:55)

Charlotte (9:40)Denver (10:35)

Montreal (8:10)

Mumbai (8:20)

Seoul (10:20)Beijing (9:40)

Shanghai (10:55)

Hamburg (1:15)

Copenhagen (1:35)

Berlin (1:10)

Prague (0:55)

Warsaw (1:35)

Krakow (1:15)

Vienna (1:05)

Budapest (1:15)

Belgrade (1:30)

Sarajevo (1:20)

Zagreb (1:00)

Tirana (1:35)

Ljubljana (1:00)

Marseille (1:35)

Milan (1:05)Nice (1:25)

Geneva (1:10)Lyon (1:20)

Zurich (0:55)

Paris (1:35)

Luxembourg (1:05)

Brussels (1:20)Amsterdam (1:30)

Frankfurt/ Main (1:00)

Rome (1:30)

London (1:55)Birmingham (1:15)

Southampton (2:00)Vilnius (2:00)

Stockholm (2:10) Helsinki (2:20)

Oslo (2:10)

Lissabon (3:10)

Dublin (2:25)

Madrid (2:40)

Riad (5:40)Abu Dhabi (5:55)

Vancouver (10:25)

Puerto Plata (10:25)

Bogota (12:00)

Windhoek (10:10)

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, March 2019

Picture credits on cover:Lovelace Platzl (Christian Kasper)TechFest München (Andreas Heddergott)Lovelace Platzl (Christian Kasper)

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