Economy
Naples is Italy's fourth-largest economy after Milan, Rome and Turin, and is the world's 103rd-largest urban economy by purchasing power, with an estimated 2008 GDP of US$51 billion. Naples is a major cargo terminal, and the port of Naples is one of the Mediterranean's biggest and most important. The city has experienced significant economic growth since World War II, but joblessness remains a major problem, and the city is characterized by high levels of political corruption and organized crime.
Naples is a major national and international tourist destination, being one of Italy and Europe's top tourist cities. Tourists began visiting Naples in the 18th century, during the Grand Tour. In terms of international arrivals, Naples was the 166th-most-visited city in the world in 2008, with 381,000 visitors (a 1.6% decrease from the previous year), coming after Lille, but overtaking York, Stuttgart, Belgrade and Dallas.
In recent times, there has been a move away from a traditional agriculture-based economy in the province of Naples to one based on service industries. In early 2002, there were over 249,590 enterprises operating in the province registered in the Chamber of Commerce Public Register. The service sector employs the majority of Neapolitans, although more than half of these are small enterprises with fewer than 20 workers; 70 companies are said to be medium-sized with more than 200 workers; and 15 have more than 500 workers.
In 2003, employment in the province of Naples was distributed as follows:
| 30.7% | 18% | 14% | 9.5% | 8.2% | 7.4% | 5.1% | 3.7% | 3.4% |
Read more about this topic: Naples
Famous quotes containing the word economy:
“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)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)