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Hamburg's Economy Continues Upswing

Office of Statistics North confirm 1.6 per cent growth of GDP. Stronger increase in employment than on national level

With some five million inhabitants, the Hamburg Metropolitan Region is one of the strongest economic regions in Europe. New data of the Office of Statistics North confirm the continued upswing of Hamburg. With a 1.6 per cent, the economic growth in Hamburg is higher than the national average, with the result being positively corrected fr the first half of 2014.

On The Right Track

Given the geopolitical risks and structural adjustments in some industries, the Ministry of Economy, Transport and Innovation points out that such a positive development is not self-evident. Frank Horch, the Hamburg Minister of Economy, Transport, and Innovation, was thus rather pleased with the figures – he sees Hamburg on the right track and will continue the existing initiatives to strengthen the business location.

Increased Employment

The number of employed persons, i.e. self-employed and employed staff, also grew faster in Hamburg than on the national average last year, and increased by 1.2 percent. The number of employees subject to mandatory insurance grew by 2.1 per cent last year.
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source and further details:
www.hamburg.de/bwvi

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