Economy
In 2009, the nominal GDP of the citystate Berlin experienced a growth rate of 1.7% (−3.5% in Germany) and totaled €90.1 (~$117) billion. Berlin's economy is dominated by the service sector, with around 80% of all companies doing business in services. The unemployment rate reached a 15-year low in September 2011 and stood at 12.7% (German average: 6.6%).
Fast-growing economic sectors in Berlin include communications, life sciences, and transportation, particularly services that use information and communication technologies, as well as media and music, advertising and design, biotechnology, environmental services, and medical engineering.
The Science and Business Park of Berlin-Adlershof is among the 15 largest technology parks worldwide. Research and development have high economic significance for the city, and the Berlin–Brandenburg region ranks among the top-three innovative regions in the EU.
Read more about this topic: Berlin
Other articles related to "economy":
... Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment that was well below the ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... fully employed, governments have to run deficits when the economy is slowing, as the private sector would not invest enough to keep production at the ...
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...
... During its history Quincy has been known as a manufacturing and heavy industry center, with granite quarrying dominating employment in the 19th century and shipbuilding at Fore River Shipyard and Squantum Victory Yard rising to prominence in the 20th century ... The recent decades have seen a shift in focus to several large employers in the financial services, insurance and health care sectors of the economy ...
... Scotland has a western style open mixed economy that is closely linked with the rest of Europe and the wider world ... Traditionally, the Scottish economy has been dominated by heavy industry underpinned by the shipbuilding in Glasgow, coal mining and steel industries ... a shift from a manufacturing focus towards a more service-oriented economy ...
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)