Economy
Kiel's economy is dominated by the service sector, transport and maritime industries. Kiel is also one of the major ports of the German Navy, and a leading centre of German high-tech military and civil shipbuilding. Kiel is the home of Howaldtswerke-Deutsche Werft, a shipyard founded in 1838 famed for its construction of submarines. HDW built the first German submarine Brandtaucher in 1850, and is today a subsidiary of ThyssenKrupp Marine Systems, the leading German group of shipyards.
In 2005, the GDP per person was €35,618, which is well above the national average of Germany and 159% of the European Union average.
| 2005 EUROSTAT | Nominal GDP per capita |
|---|---|
| Kiel | €35,618 |
| Schleswig-Holstein | €24,250 |
| Germany | €27,219 |
| EU27 | €22,400 |
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