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Economy of Berlin


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In 2009, the nominal GDP of the city state Berlin experienced a growth rate of 1.7% (?3.5% in Germany) and totaled �90.1 (~$117) billion. Berlin's economy is dominated by the service sector, with around 80% of all companies doing business in services. The unemployment rate reached a 15-year low in September 2011 and stood at 12.7% (German average: 6.6%).

Fast-growing economic sectors in Berlin include communications, life sciences, and transportation, particularly services that use information and communication technologies, as well as media and music, advertising and design, biotechnology, environmental services, and medical engineering.

The Science and Business Park of Berlin-Adlershof is among the 15 largest technology parks worldwide. Research and development have high economic significance for the city, and the Berlin�Brandenburg region ranks among the top-three innovative regions in the EU.

Siemens, a Fortune Global 500 company and one of the 30 German DAX companies, is headquartered in Berlin. The state-owned railway, Deutsche Bahn, has its headquarters in Berlin as well. Many German and international companies have business or service centres in the city.

Among the 20 largest employers in Berlin are the Deutsche Bahn, the hospital provider, Charit�, the local public transport provider, BVG, and the service provider, Dussmann and the Piepenbrock Group. Daimler manufactures cars, and BMW builds motorcycles in Berlin. Bayer Health Care and Berlin Chemie are major pharmaceutical companies headquartered in the city. The second largest German airline Air Berlin is also headquartered in Berlin.

Berlin has 781 hotels with over 125 thousand beds as of June 2012. The city recorded 20.8 million overnight hotel stays and 9.1 million hotel guests in 2010. In the first half of 2012, there was an increase of over 10% compared to the same period the year before. Berlin has a yearly total of about 135 million day visitors, which puts it in
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