Economy
Quito is the second largest city in terms of contribution to national GDP after Guayaquil, and the second highest per capita income after Cuenca. Quito is the highest level of tax collection in Ecuador for tax, exceeding the national 57% per year 2009, currently being the most important economic region of the country, 63 as the latest "study" conducted by the Central Bank of Ecuador. In 2006, the contribution was 18.6% of GDP, generating 4.106 billion dollars, but its value adjudication allows this even bigger GDP reaching gain in real terms 27% 64 of Pib country thanks to contributions from oil production and predial.65 Updated: by 2009 the GDP of Quito was approximately $ 10.65 billion by way of production (19% contribution), 4112 millions of dollars in award (8% of award) and 14.762 billion dollars for total GDP (27% from 8% contract, 19% produced)
TAME, an airline of Ecuador, has its headquarters in Quito.
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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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)