Wiesbaden - Economy

Economy

Wiesbaden hosts a number of international companies, which have their German or European headquarters here, for example, Abbott, CSC, Ferrari, Federal-Mogul, Melbourne IT, Norwegian Cruise Line and SCA. Several German companies also have their headquarters in Wiesbaden, including SGL Carbon, Dyckerhoff, Kion and DBV-Winterthur and R + V Versicherung. Wiesbaden is also home to the "Industriepark Kalle-Albert", an industrial park in the southern quarter of Biebrich. It is one of the largest in Germany with over 80 companies from the pharmaceutical and chemical industry, including Agfa-Gevaert, Clariant, Mitsubishi Chemical Corporation and Shin-Etsu Chemical. The park was founded by chemical company Hoechst AG in 1997.

In addition, a large number of Hessian ministries are located in Wiesbaden.

At approximately €77,500, Wiesbaden has the second largest gross domestic product per inhabitant in Hesse, after Frankfurt, making it one of the richest cities in Germany. The purchasing power per inhabitant is €22,500.

Read more about this topic:  Wiesbaden

Famous quotes containing the word economy:

    Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.
    Henry David Thoreau (1817–1862)

    Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.
    Alexander Herzen (1812–1870)

    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 (1817–1862)