North Rhine Westphalia is the largest federal state in Germany with more than 17 million inhabitants and an unemployment rate of 8.5% in total. With 521,2 billion € North Rhine Westphalia is the economically most important state in Germany, as well as one of the most important economical areas in the world. Nearly 21.8 % of the total German GDP is earned in North-Rhine-Westphalia.
These figures show clearly the important role which North-Rhine-Westphalia is playing for the German Economy. Due to this, the unemployment rate and the labour market in general, are good indicators for the future development of new innovative technologies and greener sectors of economy. The unemployment rate is in comparison to the other western federal states at a quite high level e.g. Bavaria 6,1%. Most employees in North Rhine-Westphalia work in the service sector, especially in business services. The state is an important industrial region, despite the ongoing structural crisis in the “Ruhr- and Bergisches Land” areas, and the number-one region for energy in Europe. A flexible and well educated workforce is of great importance for the companies located in North Rhine Westphalia. The state parliament is investing large sums into the educational- system, in order to improve the educational-level of the workforce to make the region more financially rewarding for oversee companies.