this post was submitted on 14 Mar 2024
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Rich people being there doesn't do anything by just being there, as it's about the GDP. There are some massive companies in and around Munich, but for some reason the only one that comes to mind is BMW right now. But being flat number 1 in all of the EU is still surprising, yes.
There are really some large very productive firms having a high part of their workforce in and around Munich. Except for BMW you also have Siemens, Allianz, Munich RE and MTU Aero Engines as large employers in high value added industries.