Berlin is facing a bright future, and will continue to experience dynamic and positive development. This is the upshot of a recent survey conducted by the Swiss-based Prognos Institute. Since 2004, Prognos has analysed the prospects of Germany's counties and cities in three-year intervals, and published its findings in the “Future Atlas” (German: “Zukunftsatlas”). The survey examines various key indicators in the areas of demographics, labour market, innovation, prosperity and social situation. According to “Future Atlas 2016,” the latest survey by Prognos, Berlin is one of the main up-and-coming cities. Within three years, the German capital managed to improve by more than 100 points, and now ranks 114th.
Berlin more Dynamic than any Other German City
According to the Prognos survey, Berlin counts among the regions with the most dynamic performance in Germany. The research institute also suggests that it has been particularly rewarding for the city to have invested heavily in science in the past few years. These investments have attracted highly-qualified professionals and companies from the creative and technology industries to the city. The trend is highlighted by the fact that Berlin now ranks thirteenth in terms of business start-ups. Between 2011 and 2014, the number of start-ups formed in Berlin was twice the national average. The number of businesses in the city's creative industries alone has doubled since 2004. Among them are the film- and IT sectors, represented by 11,000 companies with an aggregate workforce of 65,000 employees and generating combined revenues of 6.3 billion euros in 2015. The revenue total breaks down into 2.6 billion euros generated by internet companies, 1.0 billion euros each by computer games and TV firms, nearly 900 billion euros by the film industry, and 755 billion euros by mobile communication platforms. That said, Berlin took the top spot not only in the creative and forward-looking industries but also in the fields of medicine and pharmaceuticals.
Brisk Development with Superior Outlook
Berlin's lead role has also had a positive influence on the local labour market. Between 2012 and 2015, more than nine percent of Berlin's residents were able to find social-security-covered employment. At the same time, the number of high-skill jobs surged. In fact, the number of highly qualified professionals finding employment on Berlin's job market grew so quickly between 2013 and 2015 that the city now ranks third in this category. On top of all that, Berlin continues to report a steady demographic growth that exceeds the national average. Other signs of the city's positive momentum include the booming tourist industry and the rising number of internationally renowned trade fairs and events convening here. It is not least with a view to these developments that the Prognos experts predict that Berlin will score higher yet in the next “Future Atlas” and that the city will cope even with particularly tough challenges, including the difficult social situation in some of the suburbs.