Munich and the surrounding area are one of Europe’s most dynamic business regions. Major rankings have repeatedly shown the Bavarian capital to be among the leading international business hubs as well.
Global players and SMEs, promising start-up companies, large corporations and one-man businesses all enjoy Munichs’ prosporous economic climate. A broad and well-balanced mix of industries and an excellent infrastructure are complemented by an unrivaled array of leisure and recreational facilities.
Home to 1.5 million people, Munich is the third-largest city in Germany. It is one of the industrialized world’s growing metropolises and is particularly attractive to young, well-educated adults. Forecasts indicate that the resident population will exceed the 1.6 million mark in 2018. Local population growth is also being accompanied by a higher birth rate, which has been steadily increasing for the past eight years. The proportion of foreign nationals – 24.6 percent – is the highest in Germany. People from a total of 180 countries live in Munich, cementing its character as an open-minded city of diversity and tolerance.
Landeshauptstadt München, Referat für Arbeit und Wirtschaft