Economy in the region of Emsland, Grafschaft Bentheim and Osnabrück
Economy in the region of Osnabrück - Emsland - Grafschaft Bentheim is growing. Between 2009 und 2010 the gross value added, a key indicator of regional economic power, has risen by 4.7 %. Growth rates in the city of Osnabrück (3.1 %) and the counties of Osnabrück (5.6 %), Emsland (5.8 %) and Grafschaft Bentheim (2.2 %) were positive. Low location overheads and good travel connections are some of the advantages regional entreprises enjoy here.
The lHK Osnabrück - Emsland - Grafschaft Bentheim also promotes the economic region in the border triangle of Lower Saxony, North-Rhine Westphalia and The Netherlands in an image film.
The Economy Driver: the District of IHK Osnabrück - Emsland - Grafschaft Bentheim
The district of IHK Osnabrück - Emsland - Grafschaft Bentheim is Lower Saxony's economy driver. Between 2009 and 2010 the gross value added increased by 4.7 % to just over 24.5 billion Euros. This places growth well above the state´s and the nation´s average (6.2 and 4.7 %, respectively). Meanwhile one in eight Euros in Lower Saxony is generated in this IHK district.
Employment
The strong economic growth in this region was accompanied by employment successes. The number of employees liable for social insurance in the IHK district rose by 14 % to just over 347,000 persons in the period between 2002 and 2012.
Population
Thanks to the growth in population being well above the average, the region benefits from the large highly qualified workforce living there. Between 1992 and 2012 the population increased by 9 % to 951.587 inhabitants. At the same time the population in the state only went up by 4 %, respectively.
The IHK district is not only a “young“ region; it also benefits from the qualification of the workforce, particularly in the field of skilled employees. This plus point in the area is a result of the enormous commitment to training offered by the businesses located here.
Advantage of Location
Success is no accident. The firms which are at home here, exploit the advantages of the region. Beside an adequate number of qualified workers, they also benefit form low location overheads, advantageous transport connections by road, water and air and an above average supply of available space in industrial estates. The low fluctuation of the workforce adds to this: “Those who come here, stay here”, say the region’s entrepreneurs.
Economic Structure
Industry is an important factor of this region. Just below 26 % of employees liable for social insurance have found employment (figure for the state and the nation: approx. 25 % each). One of the main industrial employers of the region is the food industry. The broad industrial basis constitutes the foundation for employment gains of the past years.
The service sector (excluding trade, the hotel and restaurant industry, transport) employs 39 % of the entire workforce. This puts the IHK district below the state and national average, (45 and 46 %, respectively). Due to the above-average increases in these sectors, the IHK district has been able to catch up in recent years, however.
Hidden Champions
19 of the current top 100 largest enterprises in Lower Saxony are located within the IHK district. This makes Osnabrück the second urban agglomeration behind Hanover and the only region in Lower Saxony with a concentration of large-scale enterprises.
At the same time this region does not depend upon individual large enterprises, however; it is rather characterised by its medium-sized companies. Currently it boasts approximately 59,000 operations in the fields of industry, trade and services.
Some companies in these areas are even true “celebrities“, such as the tradition-steeped corn distillery in Haselünne, which ranks among Germany’s market leaders for liquors. In addition, there are the so called “hidden champions“ of the region. Thus one of Europe’s largest copper processing enterprises manufactures the blanks for one-cent Euro coins here. To spice things up a little: Europe’s largest supplier of spices is based in this region.
Sales Volumes in Industry
Thanks to the dedication of these enterprises industrial sales volumes rose considerably in the period from 2002 to 2012, namely by 53 %. The state and national averages in this period made up 44.5 and 24.2 %, respectively. Exports which reached a record high of 8.2 billion Euros in 2012 making up approximately 30 % of total sales, have experienced a well-above average increase of 110 % over the past ten years with compared to 59 % (state) and 53 % (nation-wide).
Sources:
The portrayal is based on the latest data of the Office of Statistics of Lower Saxony available at the time, unless another sources are named.
The district of IHK Osnabrück - Emsland - Grafschaft Bentheim is Lower Saxony's economy driver. Between 2009 and 2010 the gross value added increased by 4.7 % to just over 24.5 billion Euros. This places growth well above the state´s and the nation´s average (6.2 and 4.7 %, respectively). Meanwhile one in eight Euros in Lower Saxony is generated in this IHK district.
Employment
The strong economic growth in this region was accompanied by employment successes. The number of employees liable for social insurance in the IHK district rose by 14 % to just over 347,000 persons in the period between 2002 and 2012.
Population
Thanks to the growth in population being well above the average, the region benefits from the large highly qualified workforce living there. Between 1992 and 2012 the population increased by 9 % to 951.587 inhabitants. At the same time the population in the state only went up by 4 %, respectively.
The IHK district is not only a “young“ region; it also benefits from the qualification of the workforce, particularly in the field of skilled employees. This plus point in the area is a result of the enormous commitment to training offered by the businesses located here.
Advantage of Location
Success is no accident. The firms which are at home here, exploit the advantages of the region. Beside an adequate number of qualified workers, they also benefit form low location overheads, advantageous transport connections by road, water and air and an above average supply of available space in industrial estates. The low fluctuation of the workforce adds to this: “Those who come here, stay here”, say the region’s entrepreneurs.
Economic Structure
Industry is an important factor of this region. Just below 26 % of employees liable for social insurance have found employment (figure for the state and the nation: approx. 25 % each). One of the main industrial employers of the region is the food industry. The broad industrial basis constitutes the foundation for employment gains of the past years.
The service sector (excluding trade, the hotel and restaurant industry, transport) employs 39 % of the entire workforce. This puts the IHK district below the state and national average, (45 and 46 %, respectively). Due to the above-average increases in these sectors, the IHK district has been able to catch up in recent years, however.
Hidden Champions
19 of the current top 100 largest enterprises in Lower Saxony are located within the IHK district. This makes Osnabrück the second urban agglomeration behind Hanover and the only region in Lower Saxony with a concentration of large-scale enterprises.
At the same time this region does not depend upon individual large enterprises, however; it is rather characterised by its medium-sized companies. Currently it boasts approximately 59,000 operations in the fields of industry, trade and services.
Some companies in these areas are even true “celebrities“, such as the tradition-steeped corn distillery in Haselünne, which ranks among Germany’s market leaders for liquors. In addition, there are the so called “hidden champions“ of the region. Thus one of Europe’s largest copper processing enterprises manufactures the blanks for one-cent Euro coins here. To spice things up a little: Europe’s largest supplier of spices is based in this region.
Sales Volumes in Industry
Thanks to the dedication of these enterprises industrial sales volumes rose considerably in the period from 2002 to 2012, namely by 53 %. The state and national averages in this period made up 44.5 and 24.2 %, respectively. Exports which reached a record high of 8.2 billion Euros in 2012 making up approximately 30 % of total sales, have experienced a well-above average increase of 110 % over the past ten years with compared to 59 % (state) and 53 % (nation-wide).
Sources:
The portrayal is based on the latest data of the Office of Statistics of Lower Saxony available at the time, unless another sources are named.