The aim of this study is to descriptively measure and present the progress made towards the defined goals of the “Hamburg 2040” strategy. By selecting and analyzing relevant indicators and comparing Hamburg with other federal states and regions, this report documents developments to date. Particular attention is paid to a North-South comparison, which makes it possible to analyze Hamburg’s reaction to the various crises over time and to make structural changes visible. This comparison serves as an instrument to classify Hamburg’s relative position in the federal state structure and to determine the city’s adaptability in the face of recent challenges. Based on the six key dimensions of economic dynamism, competitiveness, innovative strength, northern German networking, quality of life and sustainability, progress and challenges in the respective areas are presented and described descriptively.