Frankfurt is the largest city in the German state of Hessen and the fifth-largest city in all over Germany after Berlin, Hamburg, Munich and Cologne, and this place is having a population of 662,000, the data available from 2006 census. The urban area of Frankfurt has an estimated population of 1,468,140 according to the census of 2000. Located on the river Main, Frankfurt is the main transportation and financial center of Germany. Frankfurt is the home to world leading banking centers like European Central Bank, the Frankfurt Stock Exchange and is one of the most important and largest financial centers in continental Europe.
Frankfurt was declared as the richest city of Europe in 2001 as judged on the basis of GDP per capita. It is also listed among one of the nine Alpha world cities.
The total economy of Frankfurt is founded on three pillars: finance, transport and trade fairs. Frankfurt has been Germany's financial capital for several centuries, and it is a home to a large number of major banks and brokerages. The Frankfurt Stock Exchange is the largest one in Germany, and due to its functions, it has attained tremendous global recognition. Frankfurt is home to the European Central Bank and the German Bundesbank. The European Central Bank plays a major role in settling down the monetary policy for the Eurozone economy. A large number of German commercial banks including Dresdner Bank, Deutsche Bank and Commerzbank are located in Frankfurt.
The industries in Frankfurt get further oxygen when it comes to the awesome transport facilities in the city. Due to this excellent communication system, the industries in Frankfurt get the very primary criteria to enhance its process of industrialization. Being one of the major centers for finance and banking business of global standard, Frankfurt is home to more than 300 national and multinational banks. The industries in Frankfurt include electronic communication, trade of various kind, advertising, chemical industries, software and other IT related businesses. Several world leading companies have established their headquarters in Frankfurt, like:
Fiat
Ferrari
Alfa-Romeo
Lancia
Hyundai
KIA
Jaguar
Opel
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