North Rhine-Westphalia
Dynamic business location in the center of Europe
As Germany‘s leading economic region, North Rhine-Westphalia (NRW) offers companies optimal conditions to grow both locally and globally. Centrally located in the heart of Europe, major national and international transport routes converge here. The most populous of the 16 German states has very high purchasing power and is considered to be one of the largest sales and procurement markets in Europe. Large listed companies feel just as much at home here as highly specialized family-owned SMEs and creative startups - and over 24,000 international players.
Innovative strength meets cosmopolitanism and cultural diversity
The state‘s excellent universities produce highly qualified specialists and serve as an important innovation driver. Young and established companies – flanked by a broad research landscape – are pressing ahead with future topics such as digitization or the energy transition and enriching the market with new business models, services and products. Living and working in NRW is characterized by an open-minded, cosmopolitan attitude and a colorful flair, with numerous communities from all over the world. They all appreciate not only the vibrant economic activity, but also the excellent quality of life in NRW with its varied cities and landscapes, six UNESCO World Heritage sites, and a wide range of cultural and leisure offerings.
Basic data 2024 | |
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Area | 34,112 qkm |
Population | 18 m |
Population density | 528 qkm |
GDP | 872.0 bn € |
GDP per capita | 48,177 € |
Gainfully employed | 9.8 m |
Private consumption | 373.1 bn € |
Exports | 223.2 bn € |
Imports | 280.9 bn € |
Foreign direct investments** | 196.1 bn € |
**end of 2022 | |