The richest state in Germany is Bavaria. With a GDP of â‚¬526 billion, it is not only the richest state in Germany, but also one of the wealthiest regions in Europe. The second and third richest states are Baden-WÃ¼rttemberg and North Rhine-Westphalia, with GDPs of â‚¬385 billion and â‚¬358 billion respectively.
Bavariaâ€™s economy is largely driven by manufacturing, with companies such as BMW, Audi and Siemens all having their headquarters in the state. Other important sectors include tourism â€“ Bavaria is home to some of Germanyâ€™s most popular tourist destinations, including Munich, Nuremberg and Bamberg â€“ and agriculture. The state also has a strong service sector, with finance and insurance being particularly important industries.
Baden-WÃ¼rttembergâ€™s economy is also dominated by manufacturing, with companies such as Daimler AG (the makers of Mercedes-Benz), Porsche and Bosch all based in the state. Like Bavaria, Baden-WÃ¼rttemberg also has a strong service sector; however its agricultural sector is smaller than that of its southern neighbour. The state is home to several major cities including Stuttgart (the capital), Karlsruhe and Heidelberg.
North Rhine-Westphalia (NRW) is the most populous state in Germany with over 18 million inhabitants. Its capital city is DÃ¼sseldorf but Cologne and Dortmund are also major centres of population and economic activity. NRWâ€™s economy was historically built on coal mining but today it has diversified considerably; although manufacturing remains important, other key sectors now include services (particularly banking), trade fairs & exhibitions and logistics/transportation â€“ Cologne Bonn Airport being one of Europeâ€™s busiest cargo airports..