Economy
According to 2003 data, Marbella is amongst the municipalities ranking highest in household disposable income per capita in Andalusia, second to Mojácar and matched by four other municipalities, including its neighbor, Benahavís.
Its business sector consisted of 17,647 establishments in 2005, representing a total of 14.7% of the businesses in Malaga province, and showed greater dynamism than the provincial capital itself for growth over the period 1998-2004, when it grew 9% compared to the 2.4% growth rate of Málaga. Compared to the rest of Andalusia, the volume of production in Marbella is higher than that of most other municipalities with similar population, ranking even above the capitals of Almeria, Huelva and Jaen.
As in most cities of the Andalusian coast, Marbella's economy revolves around tertiary activities. The service sector accounts for 60% of employment, while trade accounts for almost 20%. The main branches of the service sector are hospitality, real estate and business services, which fact underscores the importance of tourism in the Marbella economy. Meanwhile, the construction, industrial and agriculture sectors account for 14.2%, 3.8% and 2.4% of employment respectively.
The number of business establishments in the service sector accounts for 87.5% of the total, those in construction account for 9.6%, and in industry, 2.9%. Of these companies, 89.5% have fewer than 5 employees and only 2.3% have a staff of at least 20 employees.
In 2008 a study by the Institute of Statistics of Andalusia (IEA) based on 14 variables (income, equipment, training, etc.), found Marbella was the Andalusian city with the best development of the general welfare and the highest quality of life. According to the results of the study, Marbella ranks highest in the number of private clinics, sports facilities and private schools.
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Famous quotes containing the word economy:
“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)
“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 (1817–1862)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)