In the past year we have written about Munich’s economic strength and its start-up scene on multiple occasions and we are by far not pointing out every German ranking the Bavarian capital tops, but as the “Future Atlas” has been one of the most significant ones done in Germany and is being published only once every three years it is worth mentioning. Especially for it being orientated towards probable future developments. The ranking by Basel, Switzerland based Prognos Institute have been published today, May 27, 2016 by handelsblatt.de.
Prognos’ Future Atlas 2016, analysed the economic fortunes of 402 German cities and regions, looked at indicators such as demographics, prosperity, job prospects and innovation. Regions in the south are booming, nine of the top 10 leading future-ready cities are located in the South (Bavaria and Baden-Württemberg) of the country, with Munich and its surrounding region named as having the brightest prospects. In determining the rankings, researchers assessed 29 criteria, including competitiveness, economic performance, job prospects, prosperity, demographics and innovation.
For the first time, the Future Atlas study also looked at how well regions are equipped to adapt to the digital future. Munich was the only city to be awarded the top grade of five plus, German capital and biggest city of the country, Berlin earned five stars, as did the other biggest cities Hamburg and Cologne, as well as Stuttgart and 12 other regions.