Munich is the capital and most populous city of the Free State of Bavaria. Munich is the third-largest city in Germany, after Berlin and Hamburg. Straddling the banks of the River Isar north of the Alps, Munich is the seat of the Bavarian administrative region of Upper Bavaria. The city was heavily bombed during World War II, but has restored most of its old town. After the end of postwar American occupation in 1949, there was a great increase in population and economic power during the years of Wirtschaftswunder. Munich city also hosted the 1972 Summer Olympics.
Today, Munich is a global Centre of science, technology, finance, innovation, business, and tourism. Munich enjoys a very high standard and quality of living, reaching first in Germany and third worldwide according to the 2018 Mercer survey, and being rated the world's most liveable city by the Monocle's Quality of Life Survey 2018. Munich is consistently ranked as one of the most expensive cities in Germany in terms of real estate prices and rental costs.
In 2021, 28.8 percent of Munich's residents were foreigners, and another 17.7 percent were German citizens with a migration background from a foreign country. Munich's economy is based on high tech, automobiles, and the service sector, as well as IT, biotechnology, engineering, and electronics. It has one of the strongest economies of any German city and the lowest unemployment rate of all cities in Germany with more than 1 million inhabitants. The city houses many multinational companies, such as BMW, Siemens, MAN SE, Allianz SE and Munich Re. In addition, Munich is home to two research universities, and a multitude of scientific institutions Munich's numerous architectural and cultural attractions, sports events, exhibitions and its annual Oktoberfest, the world's largest Volksfest, attract considerable tourism.
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Munich, Germany Walking Tour 4K 60fps 🇩🇪
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