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Economy, jobs and prices in München, Kreisfreie Stadt (Bavaria, Germany): official figures

GDP per person was 89,900 purchasing power standards (PPS) in 2023, 234% of the EU average (117% for Germany); 11th highest of 400 districts in Germany.

GDP per person (PPS)
89,900
2023
People in work
1,203,650
2023
Unemployment rate (% of civilian labour force)
4.5%
2023
Unemployment rate, under 25 (%)
3.3%
2023
Long-term unemployed (% of unemployed)
24.9%
2023
Median monthly gross wage, full-time employees (€)
€5,094
2023
Women's median full-time wage as % of men's
80.7%
2023
Purchasing power per resident (€ a year)
€36,752
2023

How big is the economy of München, Kreisfreie Stadt?

The local economy produced €150.2 billion of output (GDP) in 2023.

Source: Eurostat · saved copy

How many people work in München, Kreisfreie Stadt?

About 1,203,650 people worked in München, Kreisfreie Stadt in 2023 (employment by place of work).

Source: Eurostat · saved copy

What is the unemployment rate in München?

In 2023, the city of München recorded an unemployment rate of 4.5%, compared with 5.0% in the median German district, which ranks it 167th lowest of 400 districts. That is up from 3.5% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How high is youth unemployment in München?

At 3.3% in 2023, the unemployment rate among under-25s in the city of München ranked 124th lowest of 400 German districts (district median 4.4%). That is up from 2.2% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How many long-term unemployed are there in München?

The share of jobless people unemployed for a year or longer in the city of München was 24.9% in 2023, 84th lowest of 400 districts in Germany; the median district stood at 31.8%. It was 22.6% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What is the average salary in München?

In 2023, the city of München recorded a median monthly gross wage of full-time employees of €5,094, compared with €3,604 in the median German district, which ranks it 5th highest of 400 districts. It was €4,470 in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What is the gender pay gap in München?

At 80.7% in 2023, the median full-time wage of women as a share of men's in the city of München ranked 31st lowest of 400 German districts (district median 88.5%). It was 78.4% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What is the purchasing power in München?

At €36,752 in 2023, the purchasing power per resident in the city of München ranked 4th highest of 400 German districts (district median €29,371). It was €29,870 in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What share of people work in München?

The share of working-age residents in jobs paying social insurance in the city of München was 68.3% in 2023, 123rd highest of 400 districts in Germany; the median district stood at 66.1%. In 2019 the figure was 66.9%.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How many mini-jobs are there in München?

The share of private-sector jobs that are low-paid 'mini-jobs' in the city of München was 14.2% in 2023, 82nd lowest of 400 districts in Germany; the median district stood at 19.7%. It was 14.8% in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How many people commute to München?

The commuter balance (net commuters per 100 jobs) in the city of München was +26.5 in 2023, 45th highest of 400 districts in Germany; the median district stood at -11.7. That is up from +23.6 in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

How many businesses go bankrupt in München?

At 4.8 in 2023, the number of company insolvency applications per 1,000 businesses in the city of München ranked 110th highest of 400 German districts (district median 3.9). It was 4.4 in 2019.

Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

What is the main industry in München, Kreisfreie Stadt?

The largest part of the economy of München, Kreisfreie Stadt in 2023 was finance, property and business services, at 33.8% of gross value added, followed by trade, transport, hospitality and communications (28.6%).

Source: Eurostat · saved copy

How industrial is München, Kreisfreie Stadt?

Factories, mines and energy produced 18.8% of the value added in München, Kreisfreie Stadt in 2023, against 24.5% for Germany.

Source: Eurostat · saved copy

How fast is the economy of München, Kreisfreie Stadt growing?

Gross value added rose from €95.7 billion in 2015 to €137.2 billion in 2023 in current prices, an increase of 43% before inflation.

Source: Eurostat · saved copy

What jobs do people do in München, Kreisfreie Stadt?

Of the 1,203,650 jobs located in München, Kreisfreie Stadt in 2023, 31% in public services, education, health and other services, 11% in industry and 0.1% in farming, forestry and fishing.

Source: Eurostat · saved copy

Are jobs growing in München, Kreisfreie Stadt?

The number of people working in München, Kreisfreie Stadt rose by 13.1% between 2015 and 2023, to 1,203,650.

Source: Eurostat · saved copy

How München, Kreisfreie Stadt compares with other districts in Germany

Unemployment rate (% of civilian labour force) (2023)

München, Kreisfreie Stadt ranks 234 of 400, highest first. INKAR indicator: Anteil der Arbeitslosen an den zivilen Erwerbspersonen in %

RankAreaUnemployment rate (% of civilian labour force)
231Schmalkalden-Meiningen4.5%
232Potsdam-Mittelmark4.5%
233Harburg4.5%
234München, Kreisfreie Stadt4.5%
235Kassel, Landkreis4.4%
236Gütersloh4.4%
237Göppingen4.4%
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

Median monthly gross wage, full-time employees (€) (2023)

München, Kreisfreie Stadt ranks 5 of 400, highest first. INKAR indicator: Medianeinkommen der sozialversicherungspflichtig Vollzeitbeschäftigten in Euro

RankAreaMedian monthly gross wage, full-time employees (€)
2Wolfsburg, Kreisfreie Stadt€5,529
3Erlangen, Kreisfreie Stadt€5,435
4Böblingen€5,127
5München, Kreisfreie Stadt€5,094
6Stuttgart, Stadtkreis€5,088
7Ludwigshafen am Rhein, Kreisfreie Stadt€5,079
8Frankfurt am Main, Kreisfreie Stadt€4,962
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

Purchasing power per resident (€ a year) (2023)

München, Kreisfreie Stadt ranks 4 of 400, highest first. INKAR indicator: Kaufkraft je Einwohner in Euro

RankAreaPurchasing power per resident (€ a year)
1Starnberg€42,642
2Hochtaunuskreis€40,685
3München, Landkreis€39,353
4München, Kreisfreie Stadt€36,752
5Ebersberg€36,468
6Main-Taunus-Kreis€35,996
7Heilbronn, Stadtkreis€35,299
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

Residents in insured jobs (% of working-age population) (2023)

München, Kreisfreie Stadt ranks 123 of 400, highest first. INKAR indicator: SV Beschäftigte am Wohnort je 100 Einwohner im erwerbsfähigen Alter in %

RankAreaResidents in insured jobs (% of working-age population)
120Hof, Landkreis68.4%
121Neumarkt i. d. OPf.68.4%
122Mühldorf a. Inn68.3%
123München, Kreisfreie Stadt68.3%
124Unstrut-Hainich-Kreis68.3%
125Fürth, Kreisfreie Stadt68.3%
126Heidenheim68.3%
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

Share of output from industry (manufacturing, mining and energy) (2023)

München, Kreisfreie Stadt ranks 302 of 400, highest first.

RankAreaShare of output from industry (manufacturing, mining and energy)
299Rheingau-Taunus-Kreis18.9%
300Straubing, Kreisfreie Stadt18.8%
301Chemnitz, Kreisfreie Stadt18.8%
302München, Kreisfreie Stadt18.8%
303Nordfriesland18.6%
304Friesland (DE)18.5%
305Heilbronn, Stadtkreis18.4%
Source: Eurostat · saved copy

Share of output from finance, property and business services (2023)

München, Kreisfreie Stadt ranks 13 of 400, highest first.

RankAreaShare of output from finance, property and business services
10Gifhorn34.4%
11Wiesbaden, Kreisfreie Stadt34.2%
12Starnberg34.2%
13München, Kreisfreie Stadt33.8%
14Mülheim an der Ruhr, Kreisfreie Stadt33.4%
15Köln, Kreisfreie Stadt33.3%
16Hamburg33.0%
Source: Eurostat · saved copy

Share of output from public administration, education, health and other services (2023)

München, Kreisfreie Stadt ranks 339 of 400, highest first.

RankAreaShare of output from public administration, education, health and other services
336Ebersberg16.9%
337Ostallgäu16.9%
338Pfaffenhofen a. d. Ilm16.8%
339München, Kreisfreie Stadt16.8%
340Mannheim, Stadtkreis16.8%
341Teltow-Fläming16.7%
342Vechta16.7%
Source: Eurostat · saved copy

More on München, Kreisfreie Stadt: overview · health · education and schools · poverty and living standards · government budget · Bavaria · Germany

Sources

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