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5/14/06

FinFacts: Germany 2006: Bavaria and beer - more than just a grocery item

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Germany 2006: Bavaria and beer - more than just a grocery item

Germany is Europe's largest economy and the world's No. 1 exporter. According to the Ifo Economic Institute, business confidence was at a 15-year high in April and in the lead up to the FIFA World Cup that will begin in Munich on June 9th.Beer is an intrinsic part of Bavarian culture. At Munich's Oktoberfest alone, more than 5 million litres of the foaming brew made from hops and malt is poured down the throats of thirsty visitors every year. The annual beer statistics form one of the key figures of the German state's economic production: 22.6 million hectolitres were produced in 2005, an increase of 0.4 per cent on the year.

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