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Blog | 9. November 2017

BERLIN’S SERVICE SECTOR IS GROWING

Berlin is creative. In 2015 alone, Berlin’s businesses spent EUR 3.5 billion on innovation. That’s 15% more than just one year earlier and far above the national growth average of 8%. The 4.4% innovation intensity of Berlin-based companies – i.e. their investment in innovation as a proportion of total revenues – was also well above the average for the German economy as a whole, according to the findings of the latest innovation survey conducted by the Technology Foundation Berlin.

While the German capital might have a shortage of major, listed companies and industrial heavyweights, Berlin still manages to score points with its rapidly growing service sector. Between 2013 and 2016, the proportion of catering and service professions increased by 30%. As a result, an extra 7,000 people are now earning their daily bread in the sector. The number of employees in commercial and technical fields rose by 19%, as did the number employed in the childcare sector. According to official statistics, the largest increase in the number of employees was registered in the IT sector, where employment surged by almost 50 percent, equivalent to an additional 3,537 employees.

This year again, Berlin’s innovative IT companies are making a major contribution to the city’s economic growth. As Berlin’s most important jobs creation engine, the sector delivered the largest increase in the number of employees subject to social security contributions over a twelve month period (April 2016 to April 2017) – 1.4 million employees, a year-on-year increase of 11%. This spring, 58,000 more employees were subject to social security contributions than at the same time last year. And the figures are still rising.

 

E-TAILERS AND SERVICE PROVIDERS ARE CREATING NEW JOBS

The online fashion retailer, Zalando, which has steadily increased the size of its workforce since its IPO in 2014, is also contributing to this trend. The company now employs 12,000 people worldwide; three years ago it had 7,600 employees. And Zalando has already announced that it wants to create more jobs in Berlin.

There are a number of other companies that began life as start-ups and have long since come of age and are on steep growth trajectories. This trend is confirmed by new figures from the regional economic promotion agency, Berlin Partner: In the first half of 2017, companies supported by Berlin Partner created almost 2,000 more jobs in the city than they did just one year earlier, a result that was almost twice as high as in the previous year. The expansion of existing companies was responsible for two-thirds of these newly created jobs. Some of these young companies are growing at a steady pace, others have delivered hockey stick growth. For example, the fresh ingredient delivery service Hello Fresh was ranked the fastest growing company in Europe by the Financial Times – and now has 1,000 employees. Delivery Hero, which has almost 3,000 employees, is also one of the fastest growing companies in the service sector.

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Blog | 9. November 2017

BERLIN’S SERVICE SECTOR IS GROWING

Berlin is creative. In 2015 alone, Berlin’s businesses spent EUR 3.5 billion on innovation. That’s 15% more than just one year earlier and far above the national growth average of 8%. The 4.4% innovation intensity of Berlin-based companies – i.e. their investment in innovation as a proportion of total revenues – was also well above the average for the German economy as a whole, according to the findings of the latest innovation survey conducted by the Technology Foundation Berlin.

While the German capital might have a shortage of major, listed companies and industrial heavyweights, Berlin still manages to score points with its rapidly growing service sector. Between 2013 and 2016, the proportion of catering and service professions increased by 30%. As a result, an extra 7,000 people are now earning their daily bread in the sector. The number of employees in commercial and technical fields rose by 19%, as did the number employed in the childcare sector. According to official statistics, the largest increase in the number of employees was registered in the IT sector, where employment surged by almost 50 percent, equivalent to an additional 3,537 employees.

This year again, Berlin’s innovative IT companies are making a major contribution to the city’s economic growth. As Berlin’s most important jobs creation engine, the sector delivered the largest increase in the number of employees subject to social security contributions over a twelve month period (April 2016 to April 2017) – 1.4 million employees, a year-on-year increase of 11%. This spring, 58,000 more employees were subject to social security contributions than at the same time last year. And the figures are still rising.

 

E-TAILERS AND SERVICE PROVIDERS ARE CREATING NEW JOBS

The online fashion retailer, Zalando, which has steadily increased the size of its workforce since its IPO in 2014, is also contributing to this trend. The company now employs 12,000 people worldwide; three years ago it had 7,600 employees. And Zalando has already announced that it wants to create more jobs in Berlin.

There are a number of other companies that began life as start-ups and have long since come of age and are on steep growth trajectories. This trend is confirmed by new figures from the regional economic promotion agency, Berlin Partner: In the first half of 2017, companies supported by Berlin Partner created almost 2,000 more jobs in the city than they did just one year earlier, a result that was almost twice as high as in the previous year. The expansion of existing companies was responsible for two-thirds of these newly created jobs. Some of these young companies are growing at a steady pace, others have delivered hockey stick growth. For example, the fresh ingredient delivery service Hello Fresh was ranked the fastest growing company in Europe by the Financial Times – and now has 1,000 employees. Delivery Hero, which has almost 3,000 employees, is also one of the fastest growing companies in the service sector.

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