Hessen Facts and Figures

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The gateway to Europe

514

mil. affluent consumers in Europe

Europe‘s connecting city

All European business centers within a

3 hour

flying radius

In the Center of European Markets

Access to the German and European Market

DE-CIX – the world’s largest internet node is in Frankfurt.

 

Frankfurt is a gigabyte city (approx. 90% of Frankfurt‘s households can surf the internet with 1 gigabyte per second).

 

The Rhine-Main region is on its way to become a gigabyte region.

Top placement in Germany’s broadband expansion.

 

Hessen is in the leading group for broadband business supply within Germany.

 

Mobile communications – Hessen achieves LTE coverage for more than 99% of households from all 3 networks.

Frankfurt Airport

55 %

Transfer Passengers

99

Countries

259

Destinations

88

Airlines

5,050

Direct Flights per Week

69.5

mil. Passengers per Year

2.2

mil. Metric Tons of Cargo per Year

  

Traffic volume by sector 2018 Passengers (total traffic in millions) Cargo (total traffic in 1,000 metric tons) Aircraft movements (in thousands)
Frankfurt (FRA) 69.5 2,213 512
Paris (CDG) 65.9 2,135 473
Amsterdam (AMS) 63.6 1,662 479
London (LHR) 75.7 1,541 473

 

265

Gross value added 
in € bn

75.4

Tertiary Sector in %

(measured by gross value added)

6.29

Population in million

21,116

Area in km²

2.63

Employees subject to social security contributions in million

160

Foreign Banks

38

German Banks

Home to around 198 German and foreign banks, including Deutsche Bundesbank and the European Central Bank (ECB), Frankfurt is Germany‘s leading financial centre and plays an outstanding role in continental Europe.

The Frankfurt stock market is one of the world’s largest trading platforms for securities.

At the House of Finance approx. 200 researchers work on issues relevant for the capital market.

Frankfurt is the leading financial center in continental Europe and no. 2 in Europe.

The credit institutions in the financial center of Frankfurt employ 64,100 persons.

45

Cluster and Network Initiatives with almost 3,800 Members

7.6

Start-Ups per 1,000 Inhabitants
(German Average: 6.5)

Approx.

40

Technology and new Business Centers

Frankfurt‘s TechQuartier (TQ) serves as a central contact point for Start-up and FinTech companies

The proportion of Fintech start ups is especially high in the financial center of Frankfurt: 1 out of 8 start ups works in the financial sector here. Other important sectors are AI, Big Data & Analytics and Cybersecurity. Overall, there are about 300 start ups in Frankfurt and the surrounding area.

41

International Trade Fairs and Exhibitions

1.8

mil. Visitors

> 37,000

Exhibitors

1.3 mil.

Square Meters of Total Space

Leading international trade fairs for consumer goods, lifestyle products, textiles, architecture, and media

Around 2,600 employees generated a revenue of € 736 million in 2019.

105 Events abroad with more than 57,000 Exhibitors and over 2.4 mil. Visitors

Vocational training is crucial for Hessen's innovative strength and competitiveness. An essential pillar is the dual training system. It provides companies with qualified and practically trained specialists who can contribute to the company‘s value chain right after training. Around 38,000 new training contracts are concluded in Hessen every year. With only 4.5 percent, youth unemployment is at a low level, both in the national and international comparison. Due to the great importance of dual training, it provides trainees with advanced qualifications within the respective occupational groups or access to higher education without a secondary school certificate.

In addition to standard university programs, advancement is also possible in the form of dual study programs, where practical on-the-job study content in companies is combined with the theoretical content in dual universities to offer a more practice oriented course of study. More and more companies, universities and young people are seeing the advantages of a dual study program 130 courses at 17 universities and vocational academies speak for themselves.

100,118

Import in mil. €

64,213

Export in mil. €

  

Demand for chemicals and pharmaceutical goods continued abroad in 2018, imports dominated by electrical products

The Hessian economy exported goods to the value of 64.2 bil. € in 2018. This corresponds to an increase of 1.5 % compared to the previous year. On the import side, Hessen recorded a growth of 5.9 € with an import volume of 100.1 bil. €.

 

The products of the chemical and pharmaceutical industries are by far Hessen’s greatest export success. In 2018 they continue to head the rankings of the most important export goods with a volume of 18.4 billion euros. This corresponds to 28.7 percent of Hessen‘s export volume.

They are followed by products in electrical engineering as well as mechanical and vehicle engineering. These product groups are also the most important import goods. Electrical engineering products account for the largest import volume with 15.7 bil. €, followed by chemical and pharmaceutical products with 13.5 bil €.

 

Please note: Due to the different demarcations between export (special trade) and import (general trade), netting is not possible.

  

Exports 2018 Top 10 Countries
Country Hessen
in € million
Percentage of total exports [%]
USA 7,719 12.0%
France 4,958 7.7%
Netherlands 4,370 6.8%
United Kingdom 4,260 6.6%
China 3,739 5.8%
Italy 3,205 5,0%
Poland 3,037 4.7%
Austria 3,010 4.7%
Spain 2,445 3.8%
Belgium 2,293 3.6%
Total 64,512

100.0%

  

Imports 2018 Top 10 Countries
Country Hessen
in € million
Percentage of total imports [%]
China 10,942 10.9%
USA 10,466 10.5%
Russia 7,378 7.4%
France 6,008 6.0%
Switzerland 5,525 5.5%
Netherlands 5,045 5,0%
United Kingdom 4,929 4.9%
Japan 4,925 4.9%
Italy 4,473 4.5%
Belgium 4,146 4.1%
Total 99,974 100.0%

Around

80

Universities, research institutes, and institutions for academic education

3,500

Businesses in about

40

Cluster and Network Initiatives

Above average number of universities and higher education institutions:

6.1

universities per 1 mil. inhabitants. (Germany: 5.2)

Around

40

Technology and start up centres

20

National institutes for basic and applied research

7

Universities

16

Universities of Applied Sciences

15

Other universities

1

Helmholtz Institute

8

Max Planck Institutes

7

Fraunhofer Institutes

4

Gottfried-Wilhelm-Leibnitz Research Institutes

25

Other research institutes

1,090,460 people from 190 nations come together in Hessen’s business communities, where interests are bundled and many different networking possibilities are created. 

Over 12,500 foreign companies have already decided in favor of Hessen as their preferred location.

Here, outstanding employment perspectives open up for employees from any background The amount of employees from international
communities has increased by 42.2% since 2014. Hence, currently 15.5% of the people employed come from international communities

35

international and multilingual schools

180

international business and culture clubs

106

consulates

60

foreign chambers of commerce