Valdemoro - Economy

Economy

Up through the 1960s, Valdemoro's economy was primarily agricultural. The territory was divided into 19 agricultural districts: Tenerías, Horcavieja, Espinillo, Cerro del Boticario, Alvarado, Valle de las Monjas, Valle del Infierno, Cuevecillas, Cabeza del Gato, Valdajos, Pocillos, Marguilla, Santiago, Tranzones, Valdereja, Cárcava, Portillo, Mira and Arboledas. Its industry was limited almost exclusively to gypsum quarries which were in the process of going bankrupt due to lack of modernization. Of these, the most important quarry was known as La Integridad.

Valdemoro experienced a wave of industrialization during the 1980s, which resulted in a subsequent rapid increase in population. By 2002, the distribution of industry was as follows:

  • Agriculture: 0,16%
  • Industry: 39,50%
  • Services: 60,34%

Read more about this topic:  Valdemoro

Famous quotes containing the word economy:

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)