The Berlin economy is expanding, with many new jobs being created.
Until the Corona year 2020, Berlin was able to enjoy rapid economic growth. Both the increase in gross domestic product and the number of people in work have been above the national average for years. The positive development of jobs subject to social security contributions was particularly pleasing.
However, the Berlin economy was able to recover from the consequences of the pandemic in 2021. While the gross domestic product fell to -3.3% in 2020 (Germany -4.9%), Berlin recorded GDP growth of 3.3% in 2021 and was therefore again above the German average of +2.9%. The number of people in employment also increased by 1.1% year-on-year, while 2020 recorded a decrease of 0.3%.
However, forecasts assume that this development will be slowed down in 2022 by the effects of the war and sanctions, soaring energy prices and interrupted supply chains.
(Sources: Amt für Statistik Berlin Brandenburg / IBB – Berlin Konjunktur, April 2022)
