As of the 2001 UK census, employment statistics for the residents in Kent, including Medway, were as follows: 41.1% in full-time employment, 12.4% in part-time employment, 9.1% self-employed, 2.9% unemployed, 2.3% students with jobs, 3.7% students without jobs, 12.3% retired, 7.3% looking after home or family, 4.3% permanently sick or disabled, and 2.7% economically inactive for other reasons. Of residents aged 16–74, 16% had a higher education qualification or the equivalent, compared to 20% nationwide.
The average hours worked per week by residents of Kent were 43.1 for males and 30.9 for females. Their industry of employment was 17.3% retail, 12.4% manufacturing, 11.8% real estate, 10.3% health and social work, 8.9% construction, 8.2% transport and communications, 7.9% education, 6.0% public administration and defence, 5.6% finance, 4.8% other community and personal service activities, 4.1% hotels and restaurants, 1.6% agriculture, 0.8% energy and water supply, 0.2% mining, and 0.1% private households. This is higher than the whole of England for construction and transport/communications, and lower for manufacturing.
Kent is sometimes known as the "Garden of England" for its abundance of orchards and hop gardens. Distinctive hop-drying buildings called oasts are common in the countryside, although many have been converted into dwellings. Nearer to London, market gardens also flourish.
However, in recent years, there has been a significant drop in agriculture, and industry and services are increasing their utilisation of the area. This is illustrated by the following table of economic indicator gross value added (GVA) between 1995 and 2000 (figures are in millions of British Pounds Sterling).
|County of Kent (excluding Medway)|
|A Components may not sum to totals due to rounding|
|B includes energy and construction|
|C includes financial intermediation services indirectly measured|
North Kent is heavily industrialised with cement-making at Northfleet and Cuxton, brickmaking at Sittingbourne, shipbuilding on the Medway and Swale, engineering and aircraft design and construction at Rochester, chemicals at Dartford and papermaking at Swanley, and oil refining at Grain. A steel mini mill in Sheerness and a rolling mill in Queenborough.There are two nuclear power stations at Dungeness, although the older one, built in 1965, was closed at the end of 2006.
Cement-making, papermaking, and coal-mining were important industries in Kent during the 19th and 20th century. Cement came to the fore in the 19th century when massive building projects were undertaken. The ready supply of chalk and huge pits between Stone and Gravesend bear testament to that industry. There were also other workings around Burham on the tidal Medway.
Kent's original paper mills stood on streams like the River Darent, tributaries of the River Medway, and on the River Stour. Two 18th century mills were on the River Len and at Tovil on the River Loose. In the late 19th century huge modern mills were built at Dartford and Northfleet on the River Thames and at Kemsley on The Swale. In pre-industrial times, almost every village and town had its own windmill or watermill, with over 400 windmills known to have stood at some time. Twenty eight survive within the county today, plus two replica mills and a further two in that part of Kent now absorbed into London. All the major rivers in the county were used to power watermills.
From about 1900, several coal pits operated in East Kent. The Kent Coalfield was mined during the 20th century at several collieries, including Chislet, Tilmanstone, Betteshanger, and the Snowdown Colliery, which ran from 1908 to 1986.
The west of the county (including Maidstone, Tunbridge Wells & Sevenoaks) is generally more affluent than the east, especially when compared to the coastal regions of Folkestone, Dover & Thanet. This is partly due to the former's proximity to London, making it prime "commuter belt" and the latter's geographic extremities. The eagerly awaited CTRL 2009 rail service, using the high speed Channel Tunnel line to bring coastal areas' travel times to London down to around an hour, is hoped to further regeneration.
Read more about this topic: Kent
Other articles related to "economy":
... 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 ...
... General Theory of Employment Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... to keep people 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 normal level ...
... 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 ... and 1980s saw a shift from a manufacturing focus towards a more service-oriented economy ...
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (18171862)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (18971977)
“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 (18441900)