The ratings on the State of Hesse are supported by: Hesse's high level of wealth, as GDP per capita is the third highest among the 16 German states and stands 37% above the EU-15 average; Economic growth rates that are high by German standards, amounting to 2.2% on average over the past five years, although they have declined recently owing to the economic slowdown throughout Germany; The structure of Hesse's regional economy, which is dominated by its strong service sector, contributing 37% to the state's value-added in 2001; One of the highest per capita tax revenues among German states, making Hesse the largest contributor into the interstate equalization pool; Budgetary performance that--although weakening recently--has been generally sound over the past...
Companies mentioned in this report are:
- Hesse (State of)
- Landesbank Hessen-Thueringen Girozentrale
- Helaba Finance B.V. Amsterdam
- Helaba International Finance PLC, Dublin
- Helaba Dublin Landesbank Hessen-Thueringen International
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