In 2009, the nominal GDP of the citystate Berlin experienced a growth rate of 1.7% (−3.5% in Germany) and totaled €90.1 (~$117) billion. Berlin's economy is dominated by the service sector, with around 80% of all companies doing business in services. The unemployment rate reached a 15-year low in September 2011 and stood at 12.7% (German average: 6.6%).
Fast-growing economic sectors in Berlin include communications, life sciences, and transportation, particularly services that use information and communication technologies, as well as media and music, advertising and design, biotechnology, environmental services, and medical engineering.
The Science and Business Park of Berlin-Adlershof is among the 15 largest technology parks worldwide. Research and development have high economic significance for the city, and the Berlin–Brandenburg region ranks among the top-three innovative regions in the EU.
Read more about this topic: Berlin
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we really experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (18441900)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (18171862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
—Doris Lessing (b. 1919)