Economy
Valencia enjoyed strong economic growth over the last decade, much of it spurred by tourism and the construction industry, with concurrent development and expansion of telecommunications and transport. Air Nostrum, a regional airline, is headquartered in Valencia. The city's economy is service-oriented, as nearly 84% of the working population is employed in service sector occupations. However, the city still maintains an important industrial base, with 5.5% of the population employed in this sector. Agricultural activities are still carried on in the municipality, even though of relatively minor importance with only 1.9% of the working population and 3973 hectares planted mostly in orchards and citrus groves.
In 2009, Valencia was the 29th fastest improving European city. Its influence in commerce, education, entertainment, media, fashion, science and the arts contributes to its status as one of the world's "Gamma"-rank global cities.
The large factory of Ford Motor Company lies in suburb of city, in Almussafes.
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Famous quotes containing the word economy:
“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)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)