Bavaria’s economy growing the fastest

Among all German Federal Laender the economy of Bavaria grew the fasted last year. This was found out by the Arbeitskreis Volkswirtschaftliche Gesamtrechnung der Länder. Bavaria´s economic growth amounted to 2.9% after +2.5% and rank 6 in 2006. Thus, Bavaria’s growth in 2007 was significantly stronger than that of the German economy as a whole (+2.5%).

The city state of Hamburg came second in this list. The leading federal state in 2006, Baden-Württemberg, came third in 2007. At the bottom end Berlin was replaced by Schleswig-Holstein.

Bavaria’s leading position in 2007 is not just good luck as the growth of this freestate over the past ten years confirms. Thus, Bavaria´s GDP has grown by +29.4% over the past decade which is significantly more than that of runner-up Saarland (+20.8%). In comparison with the GDP of Germany as a whole (+16.5%) Bavaria’s economy almost grew twice as much.

The economy also grew in Brandenburg, Mecklenburg Western Pomerania, Rhineland-Palatinate, the Saarland and Saxony-Anhalt.

The Arbeitskreis Volkswirtschaftliche Gesamtrechnung is made up of employees from the Statistical Offices of all Federal Laender and bases its calculations on the statistical data provided by the Federal Laender. GERMAN

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