Economy
The Government sector has long been a mainstay of Wellington's economy, being the capital of New Zealand, and as such the city's economy has typically risen and fallen with it. Traditionally, its central location meant it was also the location of many head offices of various sectors — particularly finance, technology and heavy industry — many of which have since relocated to Auckland following economic deregulation and privatisation. In recent years, tourism, arts & culture, film, and ICT have played a bigger role in Wellington's economy.
Major companies headquartered in Wellington include Centreport, Chorus, The Cooperative Bank, Datacom Group, Infratil, KiwiRail, Meridian Energy, NZ Post, NZX, Todd Corporation, Trademe, Weta Digital, Wellington International Airport and Xero.
Read more about this topic: Wellington
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)