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Economy, jobs and prices in Soest (North Rhine-Westphalia, Germany): official figures

GDP per person was 39,900 purchasing power standards (PPS) in 2023, 104% of the EU average (117% for Germany); 163rd highest of 400 districts in Germany.

GDP per person (PPS)
39,900
2023
People in work
156,510
2023
Unemployment rate (% of civilian labour force)
5.5%
2023
Unemployment rate, under 25 (%)
4.8%
2023
Long-term unemployed (% of unemployed)
36.0%
2023
Median monthly gross wage, full-time employees (€)
€3,654
2023
Women's median full-time wage as % of men's
85.6%
2023
Purchasing power per resident (€ a year)
€30,318
2023

How big is the economy of Soest?

The local economy produced €13.4 billion of output (GDP) in 2023.

Source: Eurostat · saved copy

How many people work in Soest?

About 156,510 people worked in Soest in 2023 (employment by place of work).

Source: Eurostat · saved copy

What is the unemployment rate in Soest?

In 2023, Soest recorded an unemployment rate of 5.5%, compared with 5.0% in the median German district, which ranks it 160th highest of 400 districts. In 2019 the figure was 5.0%.

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

How high is youth unemployment in Soest?

The unemployment rate among under-25s in Soest was 4.8% in 2023, 180th highest of 400 districts in Germany; the median district stood at 4.4%. In 2019 the figure was 4.2%.

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

How many long-term unemployed are there in Soest?

In 2023, Soest recorded a share of jobless people unemployed for a year or longer of 36.0%, compared with 31.8% in the median German district, which ranks it 122nd highest of 400 districts. In 2019 the figure was 35.1%.

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

What is the average salary in Soest?

At €3,654 in 2023, the median monthly gross wage of full-time employees in Soest ranked 171st highest of 400 German districts (district median €3,604). That is up from €3,357 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 Soest?

In 2023, Soest recorded a median full-time wage of women as a share of men's of 85.6%, compared with 88.5% in the median German district, which ranks it 126th lowest of 400 districts. It was 80.9% in 2019.

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

What is the purchasing power in Soest?

In 2023, Soest recorded a purchasing power per resident of €30,318, compared with €29,371 in the median German district, which ranks it 138th highest of 400 districts. In 2019 the figure was €23,904.

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

What share of people work in Soest?

In 2023, Soest recorded a share of working-age residents in jobs paying social insurance of 66.3%, compared with 66.1% in the median German district, which ranks it 196th highest of 400 districts. In 2019 the figure was 62.3%.

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

How many mini-jobs are there in Soest?

The share of private-sector jobs that are low-paid 'mini-jobs' in Soest was 21.1% in 2023, 138th highest of 400 districts in Germany; the median district stood at 19.7%. In 2019 the figure was 21.7%.

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

How many people commute to Soest?

In 2023, Soest recorded a commuter balance (net commuters per 100 jobs) of -9.7, compared with -11.7 in the median German district, which ranks it 190th highest of 400 districts. That is down from -7.8 in 2019.

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

How many businesses go bankrupt in Soest?

At 4.3 in 2023, the number of company insolvency applications per 1,000 businesses in Soest ranked 156th highest of 400 German districts (district median 3.9). It was also 4.3 in 2019.

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

What is the main industry in Soest?

The largest part of the economy of Soest in 2023 was industry (manufacturing, mining and energy), at 35.0% of gross value added, followed by public administration, education, health and other services (21.4%).

Source: Eurostat · saved copy

How industrial is Soest?

Industry (manufacturing, mining and energy) made up 35.0% of output in 2023, against 24.5% for Germany.

Source: Eurostat · saved copy

How fast is the economy of Soest growing?

Gross value added rose from €9.0 billion in 2015 to €12.3 billion in 2023 in current prices, an increase of 36% before inflation.

Source: Eurostat · saved copy

What jobs do people do in Soest?

Of the 156,510 jobs located in Soest in 2023, 33% in public services, education, health and other services, 24% in industry and 1.9% in farming, forestry and fishing.

Source: Eurostat · saved copy

Are jobs growing in Soest?

The number of people working in Soest rose by 2.4% between 2015 and 2023, to 156,510.

Source: Eurostat · saved copy

How Soest compares with other districts in Germany

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

Soest ranks 160 of 400, highest first. INKAR indicator: Anteil der Arbeitslosen an den zivilen Erwerbspersonen in %

RankAreaUnemployment rate (% of civilian labour force)
157Weiden i. d. Opf, Kreisfreie Stadt5.5%
158Gotha5.5%
159Siegen-Wittgenstein5.5%
160Soest5.5%
161Augsburg, Kreisfreie Stadt5.5%
162Gießen, Landkreis5.5%
163Heilbronn, Stadtkreis5.5%
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

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

Soest ranks 171 of 400, highest first. INKAR indicator: Medianeinkommen der sozialversicherungspflichtig Vollzeitbeschäftigten in Euro

RankAreaMedian monthly gross wage, full-time employees (€)
168Hochsauerlandkreis€3,657
169Waldeck-Frankenberg€3,655
170Waldshut€3,654
171Soest€3,654
172Miesbach€3,653
173Darmstadt-Dieburg€3,649
174Frankenthal (Pfalz), Kreisfreie Stadt€3,648
Source: Bundesinstitut für Bau-, Stadt- und Raumforschung (BBSR) im Bundesamt für Bauwesen und Raumordnung · saved copy

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

Soest ranks 138 of 400, highest first. INKAR indicator: Kaufkraft je Einwohner in Euro

RankAreaPurchasing power per resident (€ a year)
135Diepholz€30,344
136Neustadt an der Weinstraße, Kreisfreie Stadt€30,341
137Helmstedt€30,322
138Soest€30,318
139Gütersloh€30,311
140Konstanz€30,303
141Schwäbisch Hall€30,281
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)

Soest ranks 197 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)
194Borken66.3%
195Donnersbergkreis66.3%
196Peine66.3%
197Soest66.3%
198Märkisch-Oderland66.2%
199Rhein-Hunsrück-Kreis66.2%
200Schwalm-Eder-Kreis66.1%
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)

Soest ranks 75 of 400, highest first.

RankAreaShare of output from industry (manufacturing, mining and energy)
72Groß-Gerau35.2%
73Oberbergischer Kreis35.2%
74Neuwied35.0%
75Soest35.0%
76Saalfeld-Rudolstadt34.8%
77Schwarzwald-Baar-Kreis34.8%
78Kelheim34.8%
Source: Eurostat · saved copy

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

Soest ranks 303 of 400, highest first.

RankAreaShare of output from finance, property and business services
300Celle19.3%
301Bayreuth, Kreisfreie Stadt19.2%
302Unterallgäu19.2%
303Soest19.2%
304Ostalbkreis19.1%
305Alb-Donau-Kreis19.1%
306Herne, Kreisfreie Stadt19.1%
Source: Eurostat · saved copy

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

Soest ranks 241 of 400, highest first.

RankAreaShare of output from public administration, education, health and other services
238Anhalt-Bitterfeld21.5%
239Ortenaukreis21.4%
240Neuwied21.4%
241Soest21.4%
242Rosenheim, Landkreis21.3%
243Sömmerda21.3%
244Trier-Saarburg21.3%
Source: Eurostat · saved copy

More on Soest: overview · health · education and schools · poverty and living standards · government budget · North Rhine-Westphalia · Germany

Sources

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