Economic+Characteristics

The European Central Bank based in Frankfurt, Germany since 1993 sets monetary policy for the European Union. This is a headquarters of a supranationlism organization in Frankfurt. Many global business locate their headsquaters in the Frankfurt because it is at the heart of the most productive regions in Europe. Frankfurt is at the center of Europe's most important consumer market. Businesses locate in Frankfurt because of the situation factor of Frankfurt. Frankfurt is by the Rhine River which makes it easier to move products and service to other places. Frankfurt attracted industries that produce goods for consumers countrywide, and the city is well situated to play a comparable role in the European Community. Many different type of industries locate in Frankfurt but many bulk gaining industries locate here like production of chemicals and machinery. Most of the services are in the secondary and tertiary sectors. Frankfurt had a per capita purchasing power of €18,955 or $27,268.42 USD.