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Germany’s fourth state according to gross regional product in 2017 (287.96 billion Euro) and the second largest by land area, Lower Saxony hosts state and private businesses operating in various industries. Global Database offers you a series of core insights for 0 companies located in this northern region of the country.
Lower Saxony is one of the well-developed Germanic states, its economy being fueled by various industries. With all these in mind, being home to almost 8 million inhabitants, it registers a 5.8% unemployment rate.
Due to specific soil features, Lower Saxony boasts a stronger agriculture sector than many other states in Germany, however its development is unequally distributed across the region’s territory. Consequently, local food industry, mostly represented by small and medium-sized companies, has a well organized activity. Having said that, Lower Saxony is also home to Germany’s biggest players of this industry, such as PHW Group and Deutches Milchkontor. Among other strong industries of the region can be mentioned trade, medicine and healthcare, car manufacturing, mining, and telecommunications. To mention, that world-known car maker Volkswagen headquarters here, along with TUI AG - one of Europe’s tourism giants.
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