Stuttgart - Economy

Economy

The Stuttgart area is known for its high-tech industry. Some of its most prominent companies include Daimler AG, Porsche, Bosch, Celesio, Hewlett-Packard and IBM – all of whom have their world or European headquarters here.

Stuttgart is home to Germany's ninth biggest exhibition centre, Stuttgart Trade Fair which lies on the city outskirts next to Stuttgart Airport. Hundreds of SMEs are still based in Stuttgart (often termed Mittelstand), many still in family ownership with strong ties to the automotive, electronics, engineering and high-tech industry. Contact Air, a regional airline and Lufthansa subsidiary, is headquartered in Stuttgart.

Stuttgart has the highest general standard of prosperity of any city in Germany. Its nominal GDP per capita is €57,100 and GDP purchasing power parity (PPP) per capita is €55,400. Total GDP of Stuttgart is €33.9 billion, of which service sector contributes around 65.3%, industry 34.5%, and agriculture 0.2%.

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