Service economy

No other industry has seen as many companies move to and start up in Berlin in recent years. Berlin offers companies a large local market with about 3.7 million consumers. Above all, the communications, consultancy, and service industries are experiencing strong growth and new services related to Berlin’s strong information and communication technology industries are in high demand.

One of the main economic sectors of the city is the tourism industry. After a pandemic-related decline in visitor numbers by around two thirds in 2020, Berlin tourism recovered slightly in 2021 with around 14 million overnight stays.

_{(Source: Berlin Business Location Center, 2022)}