Bremen Defies Germany's Trend with Fewer Corporate Insolvencies in 2023

While Germany faced a decade-high in bankruptcies, Bremen's mix of industries kept its economy resilient. But one sector still struggles—here's why.

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2026 March 16 . 9:09 PM

1 min read

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Bremen Defies Germany's Trend with Fewer Corporate Insolvencies in 2023

Bremen has seen a drop in corporate insolvencies despite a national rise in business failures. In 2023, the city recorded 183 cases—a 7.1% decrease from the previous year. Officials credit its diverse economy for this resilience in tough times.

The number of corporate insolvencies in Bremen fell to 183 in 2023, down from 197 in 2022. This decline stands out against Germany's wider trend, where business bankruptcies reached a ten-year high last year.

Kristina Vogt, the Senator for Economic Affairs, pointed to Bremen's varied industries as a key factor. Sectors like aerospace, logistics, the port industry, and food production have helped stabilise the local economy. However, the construction sector remains under strain, contributing to ongoing insolvency pressures. The 2023 figure represents the second-lowest total since 2015. While specific data on construction-related bankruptcies is unavailable, the overall reduction suggests broader economic strength in the region.

Bremen's economy has shown relative stability, with fewer insolvencies than most of Germany. The city's mix of industries appears to have shielded it from sharper downturns. Still, challenges persist in sectors like construction, where financial pressures remain.