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Saxony-Anhalt is the state with the right mix: it is both an impressive industrial location and a great place to call home. Mountains crisscrossed by hiking paths roll into plains where wind farms stretch across the horizon.
The Industry in Saxony-Anhalt is widely diversified and includes everything from automotive supply production and mechanical engineering to information technology, biotechnology, and medical technology. However, the real economic powerhouses are the logistics, renewable energies, and chemical industries. The photovoltaic industry in Saxony-Anhalt, for example, employs approximately 4,000 people. Big names like Bayer, Total, and Dow Chemical back a flourishing chemical industry.
Saxony-Anhalt is a dynamic and attractive location for business. It surprised everyone by taking first place in the 2009 ranking of German states in the field of economic activity. Saxony-Anhalt’s great position in this ranking demonstrates not only the strong economic performance of the region’s entrepreneurs and employees but also the state’s effective economic and public policies as well as its high quality business locations. The state prides itself on its attentiveness to customer needs, highly qualified personnel and exceptional infrastructure.
Graduates from 2 universities, 12 universities of applied science and 12 research institutes are highly demanded by companies because of their excellent skills and capacity for innovation. Low labor costs combined with high productivity make Saxony-Anhalt a model for business efficiency. Natural beauty and numerous UNESCO World Heritage sites also add to the attractiveness of Saxony-Anhalt.
| Facts & Figures (2008)* | |
|---|---|
| GDP | Euro 53.79 billion |
| GDP per Capita | Euro 22,427 |
| Employed | 1,018,900 |
| University Graduates | Law & Economic Sciences: 2,722 Engineering: 1,347 Natural Sciences: 697 |
| Major Cities (Population) | Halle (233,013) Magdeburg (230,047) Dessau-Roßlau (88,693) |