Munich economy spring report

03. March 2025

Our concise brochure ‘Munich. The Business Location. Facts and Figures 2025’ offers insight into current economic developments in the region.

Key economic figures for Munich

Munich has managed to prove itself a stable and successful economic centre in this difficult environment.

It is clear that despite ongoing challenges there are many positive effects and trends.

Our brochure offers a compact and comprehensive visual overview of the latest trends and developments in Munich’s diverse economy.

Photo: Christian Kasper, Andreas Heddergott

Employment growth has slowed somewhat, though still managed to rise by 1.1 percent in 2024. The unemployment rate for 2024 rose slightly to 4.5 percent. The Bavarian Capital thus continues to boast the lowest unemployment rate among six major German cities.
Sectors showing notable growth, particularly from a multi-year perspective, include high-tech industries such as information and communications, but also the green economy, and biotechnology. Munich’s major corporate services sector also reports above-average employment growth.
The manufacturing industry and even vehicle construction also managed to achieve ongoing employment growth despite the challenging conditions in the economy as a whole.
Thanks to robust company earnings and the resulting trade tax revenue the city’s current income has remained relatively stable. Indeed, an additional, significant increase in trade tax revenue is expected, which should help ensure that municipal finances remain in sound shape.