Jobs in Hamburg, Germany
Hamburg is the second largest city and the biggest port of Germany. Commonly referred to as the Gateway to the World, Hamburg is an extremely beautiful city and one of Germany’s biggest commercial, cultural, tourism and maritime centers. It has the distinction of Germany’s wealthiest cities and a live action maritime museum to see the least. Everything in Hamburg ranging from architecture to neighborhoods, food, culture and arts exhibits a maritime feel. No matter whatever you do or wherever you go, water and sea are always nearby.
Economic Progress in the City
Hamburg’s gross domestic product of $110.7 billion is greater than many independent countries. There are approximately 160,000 businesses employing thousands of people. The total employment rate in the city is 88% whereas the average income is €49,332.
Most significant economic unites in the city are industrial production, banking and the Port of Hamburg. It is the third largest port in Europe and seventeenth largest in the world. The city also has a large number of consulates due to extensive international trade carried our through the port.
Hamburg also has a strong heavy manufacturing industry involving manufacturing of steel, aluminum, copper and large ships. It is also one of the main centers of civil aerospace industry in the world along with Toulouse and Seattle. For instance, Airbus has an assembly plant in the city with over 13,000 employees.
Hamburg has been an important banking and commercial city in Europe for centuries. The city is home to Berenberg Bank, the oldest bank in Germany. Other major banks headquartered in the city are NSH Nordbank and M.M Warburg and Co. Similarly, Hamburg Stock Exchange is also the oldest stock exchange in the country.
Europe’s Largest Urban Development Project
The city of Hamburg has also launched the largest urban development project in Europe. Located in Hamburg-Mitte district, HafenCity is one of its kind projects. The city has a total area of 2.2 square kilometers and even incorporates streams and rivers. Many different channels also surround the city from all side, further adding to its beauty and charm. The project is currently under completion and has provided employment to thousands of people. Once completed, the city will provide residence to some 12,000 people.
Tourism in Hamburg
Tourism is one of the largest sectors in Hamburg generating $10 billion in annual revenue and employing almost 170,000 people. Approximately 7 million people visit Hamburg every year, making it one of the most popular tourist destinations in Europe. A typical tour of the city includes visiting Port of Hamburg, Harbor Promenade, Speicherstadt (the old warehouse) and St. Michaelis grand church. Similarly, Jungfernstieg, Fish Market, Hamburg Town Hall, Miniature Wonderland and Tierpark Hagenbeck are other popular destinations in the city.
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