www.invest-in-hessen.com
© Yuri Arcurs | Dreamstime.com

Frankfurt: A young and international city with top productivity

That is the result of a new research study of the Hamburg Institute of International Economics (HWWI) and the Berenberg private bank, which researched the future viability of Germany's 30 largest cities. With 17.3 percent, Frankfurt am Main exerts a strong pull on foreign students. In Germany's large cities, the demand for employees with university degrees is especially keen. In Frankfurt am Main, almost every fourth person in the workforce has successfully completed a university education. Compared to the 2011 results, Frankfurt am Main was able to gain 5.3 percentage points.

Of all cities, Frankfurt am Main has the best conditions with regard to the age structure: 66 percent of the residents are between 20 and 65 years old, and the share of those under twenty is 18 percent. In 2012, Frankfurt am Main was able to attain the highest productivity of Germany's 30 largest cities with a GDP of 84,427 euros per gainfully employed person. In all large German cities, the share of foreign workers has grown compared to the 2013 ranking. In Frankfurt am Main (16.7 percent), the city in second place, the increase exceeded one percentage point.  The number of foreign overnight stays per inhabitant also indicates a city's international attractiveness and visibility. In this indicator, Frankfurt was able to reach first place with 4.8 foreign overnight stays per inhabitant. The decisive factors for this are the Frankfurt Airport as an international airline hub, the headquarters of internationally positioned companies, and the international trade fair landscape. Frankfurt am Main also has the shortest average travel time to 41 European metropolitan areas: 186.0 minutes.

As in the previous ranking, Frankfurt am Main once again leads in the location index in this year's ranking, clearly in front of Munich, Stuttgart and Düsseldorf. Although Frankfurt loses points in the "Education and Innovation" indicator, its first position in "Internationality" and "Accessibility" are enough to defend first place in the location index.

 Hessen – An International Business Location in the Heart of Europe


share this site: