Economy
The economy of Cantabria has primary industry, now in decline, employing 5.8% of the active population in the sectors of cattle farming, traditional dairy farming, and meat production; agriculture, especially corn, potatoes, vegetables, and roughage; maritime fishing; and the mining of zinc and quarries.
The secondary industry which employs 30.3% of the active population is the sector with the most productivity in recent years due to construction; that of ironworking, food service, chemistry, paper production, textile fabrication, pharmacy, industrial groups and transport, etc.
The service sector employs 63.8% of the active population and is increasing, given that large concentrations of the population live in the urban centers and the importance that tourism has acquired in the recent years.
As of April 2010, the unemployment rate in Cantabria is 14.49%, compared to 20.05% in Spain; while its purchasing power parity is 25.326€, compared to 26.100€ in Spain and 25.100€ in the EU25. In 2007, Cantabria's growth of real GDP was 4.1%, compared to a 3.9% average for Spain.
Read more about this topic: Cantabria
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
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—Henry David Thoreau (1817–1862)