information:extraction
Economy

The Stuttgart area is known for its high-tech industry. Companies include Mercedes-Benz Group, Porsche, Robert Bosch GmbH, McKesson Europe, Hewlett-Packard, IBM, and Sika AG – all of whom have their world or European headquarters here.

Stuttgart is home to Germany's ninth biggest exhibition center, Stuttgart Trade Fair, which lies on the city outskirts next to Stuttgart Airport. Hundreds of SMEs are still based in Stuttgart (often termed Mittelstand), many still in family ownership with strong ties to the automotive, electronics, engineering and high-tech industry.

Stuttgart has the highest general standard of prosperity of any city in Germany. Its nominal GDP per capita is €57,100 and GDP purchasing power parity (PPP) per capita is €55,400. Total GDP of Stuttgart is €33.9 billion, of which service sector contributes around 65.3%, industry 34.5%, and agriculture 0.2%.