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New study confirms Bavaria's economic strength

14.01.2011



Still strong after the crisis: Bavaria remains front-runner with economic freedom

Alongside Baden-Wuerttemberg, Bavaria was among the fastest recovers from the crisis. This was confirmed by the study “Chancenindex” by the Bavarian Business Association (vbw). The index calculates on a country-wide basis how single districts and cities have done economically since the crisis climax in Summer 2009. Six of the top 10 regions of Germany are located in Bavaria: Regensburg, Cham, Erlangen-Höchsstadt, Main-Spessart, Neu-Ulm and Neumarkt in der Oberpfalz. Among Bavaria’s districts, Oberpfalz was the fastest to recover from the crisis, followed by Swabia, Lower Franconia, Lower Bavaria, Upper Bavaria, Central Franconia and Upper Franconia.

The strong industry and export oriented economy are key to understanding Bavaria’s backswing. “Once more we have a proof of the economic efficiency of our export-oriented strategy and of our industry’s strength. Both are pacesetters for our upturn“, explains Bavarian Economics Minister Martin Zeil. With a new strategy called “Aufbruch Bayern“ („Bavarian breakup“), the Bavarian government gives new, strong and trendsetting incentives for yet higher innovation and investment dynamics.

Bavaria is and remains the cradle of economic freedom in Germany. Economic liberty fosters growth, wealth and jobs. This was demonstrated by the study “Economic liberty in the German Länder” by the Friedrich-Naumann Foundation. Indicators showing the State’s influence on the economy were put under scrutiny.

Since the 1980’s, Bavaria remains on the front line. In Bavaria, the cost of the State, as financed by the citizens, is among the lowest, and the State itself is slimmer than the rest of German states.

 Source: The Bavarian State Chancellery