Frankfurt am Main Business & Finance
Frankfurt is the financial center of Europe and is one of the leading locations for European
companies. Home to various futures-oriented
companies, it has become one of the leading financial centers of Continental Europe. It is the center of one of the most productive and dynamic regions in the continent. The city offers jobs to over 590,000 people from in and around Frankfurt. The Rhine-Main region of the city that houses around 320,000
companies and employs 2.5 million people generate an annual GDP of EUR 163.1 billion. Companies ranging from small software firms to the largest industrial corporations have established their officesin the city. Many internationally active companies and multinational companies have also established its headquarters in the city. The 4.6 million square meters Frankfurt-Hochst Industrial Park in the city is in the stage of development with 80 companies employing 22,000 people.
Having over 330 national as well as international banks employing 75,000 people and home to a few stock exchanges including Frankfurt Stock Exchange, the city is the seat of one of the largest financial centers in ContinentalEurope. The exchange Deutsche Boerse Group, the largest company in the world has also established its office here. As the leading financial marketplace in Continental Europe, Frankfurt is the seat of the European Central Bank. Thus it is at the center of European monetary policy and the European Monetary Union. The 16 of the world’s 20 largest banks operate their German branch office in the city. Majority of the leading European banks have established their German headquarters in Frankfurt. Banks and financial institutions account for 20% of the city’s GDP.
Frankfurt’s tradition as a trade fair city itself reflects its economic strength. Being a venue of more than 50 annually conducted trade fairs including the Frankfurt Book Fair and the Frankfurt Motor Show have made the city rich. Tourism is another industry that contributes much to strengthen its financial position. Biotechnology, Communications Industry, Manufacturing and Skilled Trade, Real Estate, Telecom and Information Technology, Trade/Wholesale/Retail are the other sectors that help in enhancing the economy of the city.
Wholesale and foreign trade plays a crucial role in increasing its financial strength. With a number of industries such as chemical industry,
electronics,
metal processing, food processing, precision mechanics, optics ,automobile manufacturing, textile, leather and print and publishing industry, Frankfurt the industrial city receives good revenue. The presence of Frankfurt Chamber of Commerce and Industry ensures the success of companies in the city.
To know more about the banks and financial institutions that serve the city, click on the following links:
