Economic growth in Hagen: 9 percent growth in 2022 in focus

Economic growth in Hagen: 9 percent growth in 2022 in focus

hagen. The city of Hagen achieved remarkable economic output in 2022, which is of great importance for local development. This information comes from the report of the State Statistical Office of North Rhine-Westphalia and testify to positive growth impulses in the region.

economic development in Hagen

in 2022 Hagen recorded an increase in economic output by 9 percent compared to the previous year. This is considerable progress, especially when you consider that most of the North Rhine-Westphalian circles have similar developments. The total value of the gross domestic product for North Rhine-Westphalia was around 794 billion euros this year, which corresponds to an increase of 6.3 percent

a comparison with neighboring cities

Compared to other cities like Duisburg, which has the highest growth at 12.7 percent, and Bochum with 12.1 percent, Hagen positions himself with a solid growth value. One reason for this growth is significant impulses from the manufacturing trade, which are also recorded in other cities in the Ruhr area such as Gelsenkirchen (+11.7 percent).

effects on employment

Economic progress also affects the employed in Hagen. In 2022, the per capita income of the employees in Hagen was 77,317 euros, which is below the nationwide average of 81,605 euros, but is a positive development compared to 59,289 euros in 2012. This shows that economic progress could also have noticeable effects on an individual level.

regional economic strength in the Ruhr area

The results for the Ruhr area as a whole are promising. With an increase in economic output by 7.4 percent, the Ruhr area is above the nationwide average of 7.2 percent. This is an indication that the region is on the right track and trust in the local economy is growing.

conclusion

The positive development of economic output in Hagen and other cities of North Rhine-Westphalia shows that the region is located on a stable growth path. While Hagen is still below the average of the region, the increase offers 9 percent interesting perspectives for the local community. It is to be hoped that these trends will continue and bring long -term economic stability.

- Nag