Bavaria
Economy

Bavaria has long had one of the largest economies of any region in Germany, and in Europe. Its gross domestic product (GDP) in 2007 exceeded €434 billion (about U.S. $600 billion). This makes Bavaria itself one of the largest economies in Europe, and only 20 countries in the world have a higher GDP. The GDP of the region increased to €617.1 billion in 2018, accounting for 18.5% of German economic output. GDP per capita adjusted for purchasing power was €43,500 or 145% of the EU27 average in the same year. The GDP per employee was 114% of the EU average. This makes Bavaria one of the wealthiest regions in Europe. Bavaria has strong economic ties with Austria, Czech Republic, Switzerland, and Northern Italy. In 2019 GDP was €832.4 ($905.7) billion, €48,323 ($52,577.3) per capita.
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