Economic situation

Berlin’s economy on the road to success

Contrary to the economic trend, the economic output of Berlin continued to rise strongly in 2019. Berlin’s gross domestic product grew by 3.0 percent in real terms compared with the previous year. In a nationwide comparison, Berlin came in first place and was well above the average growth of 0.6 percent in Germany.

Thus, the German capital continues its successful course: the GDP and the employment rate have grown faster than the national average for years. The service industry in particular had a positive impact on Berlin’s economic growth. Around 153.3 billion euros were generated in the capital.

Income and purchasing power of Berlin's population

PRICE0,7%Growth rate of employeessubject to social securitycontributions0,95%above national average0,5%Increase in consumer prices9,7%Unemployment rate* Full-time, part-time and marginally employed3.632 €Gross per monthaverage earnings*+1,2%compared to last year(Source: Statistical Office Berlin Brandenburg, 2021 - data for 2020)

Consumer prices

In 2020, consumer prices in Berlin increased by an average of 0.5 percent over the previous year. The increase was therefore lower than that posted in the previous year.

Consumer prices 2020 Index rate 2015≙100 Change compared to the same month last year (in %)
Total price index 105.8 0.5
Food, non-alcoholic beverages 108.4 2.2
Alcoholic beverages and tobacco goods 113.6 2.8
Clothing and shoes 101.5 -0,5
Living space, water, electricity, gas and other fuel 106.8 0.3
Furnishings, appliances and fittings for the household plus maintenance thereof 104.2 0.6
Healthcare costs 105.3 0.1
Transport 103.4 -1.1
Communications 94.3 -1.6
Leisure, entertainment and culture 105.3 0.1
Educational system 82.1 -2.2
Hotels and restaurants 111.7 1.8
Other goods and services 106 1.5

(Source: Berlin-Brandenburg Statistics Office, 2021)