Economy
According to the Chambéry chamber of commerce, close to 50% of the department's wealth comes from tourism. Each year, Savoie hosts over 30 million visitor-nights of tourists. Savoie also profits from its natural resources with particular strengths in ore processing and hydroelectric power.
Savoie had an exceptionally high export/import ratio of 214% in 2005. Its exports rose to €1.768 billion €825 million in imports. Its leading exports were steel, aluminum, and electric and electronic components.
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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 (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)