The weak growth of the previous quarter will continue in the fourth quarter of 2023. Adjusted for seasonal and working-day effects, the gross domestic product (GDP) is expected to grow by 0.2%. Together with the negative growth in the first two quarters of this year, this results in an annual growth rate of minus 0.4% for 2023.
In the first half of 2022, the proportion of companies in the state that were active in further training increased significantly by 13 percentage points to 48 per cent (previous year: 35 per cent). The proportion was thus once again above the national average of 42 per cent. However, the level from the year before the Covid 19 pandemic (2019: 56 per cent) has not yet been reached again.
In 2022, the company training participation rate in Baden-Württemberg developed positively compared to the previous year: both the net and gross training company rate increased again from 52% to 55% and from 29% to 30% respectively. In Germany and western Germany, however, the net training company rates were 3 and 4 percentage points higher respectively. In the 2021/2022 training year, only around 67% of the company-based training places offered in Baden-Württemberg were filled; in the previous training year, the figure was around 72%.
After the years of the Corona pandemic, with declines in economic performance in many sectors, the Stuttgart Region is currently showing signs of a clear recovery. However, new crises have emerged, such as the war in Ukraine with its (not only) global economic consequences or the increasingly clear climate changes, which also require action in the region. At the same time, digitization is advancing and the transformation of the powertrain and mobility is leaving its mark far beyond the automotive industry.
In addition to analyses of the structure and dynamics of the regional economy, the structural report also takes an in-depth look at various "resilience factors" (e.g., labor and training market, innovation, commercial space). These factors can present themselves as opportunities or risks for the regional economy.
Based on the presentation of five focus areas of the regional economy - the automotive and production technology clusters, the IT economy, the healthcare industry and the skilled trades industry - further strengths, weaknesses and challenges for the regional economy are identified and analyzed.
November 27, 2023: Further training for teachers "Brave New World of Work - Future of Employment in the Social Market Economy" at the Wiesneck House of Studies
Baden-Württemberg in structural change - is the business location losing out (in German)?
