Editing Munich (section)

==Economy==
[[File:4 Cilindros, Múnich, Alemania, 2013-02-11, DD 02.JPG|thumb|[[BMW Headquarters]] building (one of the few buildings that has been built from the top to the bottom) and the bowl-shaped [[BMW Museum]]]]
[[File:BMW Museum Entrance.jpg|thumb|BMW Museum Entrance]]
[[File:SiemensForum.jpg|thumb|[[SiemensForum München|Siemens-Forum]] in Munich]]
[[File:Hypo-Haus.JPG|thumb|The [[HypoVereinsbank]] tower]]

Munich has the strongest economy of any German city according to a study<ref name="Icm-muenchen.de">{{cite web |url=http://www.icm-muenchen.de/en/Home/cn/kongressstadt/daten_fakten |title=Study conducted by INSM (New Social Market Economy Initiative) and WirtschaftsWoche magazine |publisher=Icm-muenchen.de |access-date=25 July 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120619061243/http://www.icm-muenchen.de/en/Home/cn/kongressstadt/daten_fakten |archive-date=19 June 2012}}</ref> and the lowest unemployment rate (5.4% in July 2020) of any German city of more than a million people (the others being [[Berlin]], Hamburg and [[Cologne]]).<ref>{{cite web |url=https://statistik.arbeitsagentur.de/Auswahl/raeumlicher-Geltungsbereich/Politische-Gebietsstruktur/Kreise/Bayern/09162-Muenchen-Landeshauptstadt.html |title=Statistik der BA |publisher=statistik.arbeitsagentur.de |access-date=11 August 2020 |archive-url=https://web.archive.org/web/20140228144622/http://statistik.arbeitsagentur.de/Navigation/Statistik/Statistik-nach-Regionen/Politische-Gebietsstruktur/Bayern/Muenchen-Nav.html |archive-date=28 February 2014 |url-status=live}}</ref><ref>{{cite web |author=Artikel empfehlen |url=http://www.koeln.de/koeln/die_domstadt/endlich_amtlich_koeln_ist_millionenstadt_367287.html |title=Endlich amtlich: Köln ist Millionenstadt |publisher=Koeln.de |date=27 September 2010 |access-date=15 September 2011 |archive-url=https://web.archive.org/web/20111001090822/http://www.koeln.de/koeln/die_domstadt/endlich_amtlich_koeln_ist_millionenstadt_367287.html |archive-date=1 October 2011 |url-status=live}}</ref> Munich [[List of German cities by GDP|ranks third]] on the list of German cities by gross domestic product (GDP). In addition, it is one of the most attractive business locations in Germany.<ref name="Icm-muenchen.de" /> The city is also the economic centre of [[southern Germany]]. Munich topped the ranking of the magazine ''Capital'' in February 2005 for the economic prospects between 2002 and 2011 in 60 German cities.

Munich is a [[financial center]] and [[global city]] that holds the headquarters of many companies. This includes more companies listed by the [[DAX]] than any other German city, as well as the German or European headquarters of many foreign companies such as [[McDonald's]] and [[Microsoft]]. One of the best-known newly established Munich companies is [[Flixbus]].

===Manufacturing===
Munich holds the headquarters of [[Siemens|Siemens AG]] (electronics), [[BMW]] (car), [[Traton]] (truck manufacturer, engineering), [[MTU Aero Engines]] (aircraft engine manufacturer), [[The Linde Group|Linde]] (gases) and [[Rohde & Schwarz]] ([[electronics]]). Among German cities with more than 500,000 inhabitants, purchasing power is highest in Munich (€26,648 per inhabitant) {{As of|2007|lc=y}}.<ref>{{cite web |url=http://www.just4business.eu/2007/07/in-hesse-the-purchasing-power-is-highest-in-germany/ |title=In Hesse the purchasing power is highest in Germany – CyberPress |date=25 July 2007 |publisher=Just4business.eu |access-date=25 July 2012 |archive-url=https://web.archive.org/web/20110916113128/http://just4business.eu/2007/07/in-hesse-the-purchasing-power-is-highest-in-germany/ |archive-date=16 September 2011 |url-status=live}}</ref> In 2006, Munich blue-collar workers enjoyed an average hourly wage of €18.62 (ca. $20).<ref>Landeshauptstadt München, Direktorium, Statistisches Amt: ''Statistisches Jahrbuch 2007'', page 206 (Statistical Yearbook of the City of Munich 2007). {{cite web |url=https://www.currency.wiki/eur_usd?value=18.62 |title=EUR to USD – Exchange Rate – Euro to Dollar Conversion – Live Rates |access-date=17 March 2020}}</ref>

The breakdown by cities proper (not metropolitan areas) of Global 500 cities listed Munich in 8th position in 2009.<ref>{{cite web |url=https://money.cnn.com/magazines/fortune/global500/2008/cities/ |title=Global 500 2008: Cities |publisher=Money.cnn.com |date=21 July 2008 |access-date=25 July 2012 |archive-url=https://web.archive.org/web/20100529093252/http://money.cnn.com/magazines/fortune/global500/2008/cities/ |archive-date=29 May 2010 |url-status=live}}</ref> Munich is also a centre for [[biotechnology]], software and other [[Tertiary sector of the economy|service industries]]. Furthermore, Munich is the home of the headquarters of many other large companies such as the [[injection moulding machine]] manufacturer [[Krauss-Maffei]], and its arms manufacturing branch [[Krauss-Maffei Wegmann|Krauss-Maffei & Wegmann]], the camera and lighting manufacturer [[Arri]], the semiconductor firm [[Infineon Technologies]] (headquartered in the suburban town of [[Neubiberg]]), lighting giant [[Osram]], as well as the German or European headquarters of many foreign companies such as [[Microsoft]].

===Finance===
Munich has significance as a [[Munich's financial community|financial centre]] (second only to [[Frankfurt am Main|Frankfurt]]), being home of [[HypoVereinsbank]] and the [[Bayerische Landesbank]]. It outranks [[Frankfurt am Main|Frankfurt]] though as home of insurance companies such as [[Allianz]] (insurance) and [[Munich Re]] ([[Reinsurance|re-insurance]]).<ref>{{Cite web |url=https://www.fpmi.de/en/participants/insurance.html |title=Insurance – Munich Financial Centre Initiative |website=www.fpmi.de |language=en |access-date=27 February 2018 |archive-url=https://web.archive.org/web/20180227094238/https://www.fpmi.de/en/participants/insurance.html |archive-date=27 February 2018 |url-status=live}}</ref>

===Media===
Munich is the largest publishing city in Europe<ref>{{cite web |url=http://www.literaturhaus-muenchen.de/english/house/index.htm |title=Munich Literature House: About Us |access-date=17 February 2008 |url-status=dead |archive-url=https://web.archive.org/web/20030404121202/http://www.literaturhaus-muenchen.de/english/house/index.htm |archive-date=4 April 2003}}</ref> and home to the ''[[Süddeutsche Zeitung]]'', one of Germany's biggest daily newspapers. The city is also the location of the programming headquarters of Germany's largest public broadcasting network, [[ARD (broadcaster)|ARD]], while the largest commercial network, [[ProSieben|Pro7-Sat1 Media AG]], is headquartered in the suburb of [[Unterföhring]]. The headquarters of the German branch of [[Random House]], the world's largest publishing house, and of [[Hubert Burda Media|Burda publishing group]] are also in Munich.

The [[Bavaria Film Studios]] are located in the suburb of [[Grünwald, Bavaria|Grünwald]]. They are one of Europe's biggest film production studios.<ref>{{cite web |url=http://www.bavaria-film.de/index.php?id=3 |title=Bavaria Film GmbH: Company Start |publisher=Bavaria-film.de |access-date=25 July 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120529141017/http://www.bavaria-film.de/index.php?id=3 |archive-date=29 May 2012}}</ref>

===Technology===
{{expand section|date=October 2024}}
*[[Teamwire]], 2010 technology startup company