Economy of Birmingham - Modern Economy

Modern Economy

This is a chart of trend of regional gross value added (GVA) of Birmingham at current basic prices published (pp. 240–253) by Office for National Statistics with figures in millions of British Pounds Sterling.

Year Regional Gross Value Added4 Agriculture1 Industry2 Services3
1995 11,106 3 3,632 7,470
2000 14,579 1 3,826 10,751
2003 16,890 2 3,859 13,029

^1 includes hunting and forestry

^2 includes energy and construction

^3 includes financial intermediation services indirectly measured

^4 Components may not sum to totals due to rounding

Today the city's products include: motor vehicles, vehicle components and accessories, weapons, electrical equipment, plastics, machine tools, chemicals, food, jewellery and glass. Birmingham is home to two major car factories, MG Rover in Longbridge and Jaguar in Castle Bromwich (and Land Rovers are manufactured in neighbouring Solihull).

Read more about this topic:  Economy Of Birmingham

Famous quotes containing the words modern and/or economy:

    A modern democracy is a tyranny whose borders are undefined; one discovers how far one can go only by traveling in a straight line until one is stopped.
    Norman Mailer (b. 1923)

    The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.
    Ralph Waldo Emerson (1803–1882)