Economy
This is a table of trends of regional gross value added of Hertfordshire at current basic prices with figures in millions of British Pounds Sterling.
| Year | Regional Gross Value Added | Agriculture | Industry | Services |
|---|---|---|---|---|
| 1995 | 11,742 | 96 | 3,292 | 8,354 |
| 2000 | 18,370 | 77 | 4,138 | 14,155 |
| 2003 | 20,937 | 82 | 4,348 | 16,507 |
Hertfordshire has headquarters of many large well-known UK companies. Hemel Hempstead is home to DSG International. Tesco are based in Cheshunt. Welwyn Garden City hosts Roche UK's headquarters (subsidiary of the Swiss pharmaceutical firm Hoffman-La Roche) and Cereal Partners production facilities, Pure Digital the DAB radio maker is based in Kings Langley. JD Wetherspoon is in Watford. Comet and Skanska are in Rickmansworth, whilst GlaxoSmithKline has plants in Ware and Stevenage. Hatfield used to be connected with the aircraft industry, as it was where de Havilland developed the world's first commercial jet liner, the Comet. Now the site is a business park and new campus for the University of Hertfordshire. This major new employment site is home to, among others, EE, Computacenter and Ocado. A subsidiary of BAE Systems, EADS and Finmeccanica in Stevenage, MBDA, develops missiles. In the same town EADS Astrium produces satellites. The National Pharmacy Association (NPA), the trade association for all of the UK's community pharmacies, is based in St. Albans.
Read more about this topic: Hertfordshire
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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)