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Tuesday, September 25, 2007

Berlin with slowest economic growth in Germany

Once again Berlin's less-than-vibrant economy has failed to impress: according to the statistics office, the city's GDP growth rate in the first two quarters of 2007 was 1% (2.5% if inflation not taken into account), putting it last among Germany's 16 Bundesländer). Across Germany, on average, GDP grew by 2.9% after accounting for inflation.

Berlin's neigbouring state, Brandenburg, brought economic growth to a more impressive 2.8%, putting it at number 10.

Source: Unterschiedliche Wirtschaftsentwicklung im 1. Halbjahr 2007 in den Ländern Berlin und Brandenburg (PDF)

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