Economy
The economic region of Lahti, which includes the surrounding municipalities, was strongly affected by the collapse of Finnish-Soviet trade and by the recession in the early 1990s.
The value of production slumped, especially in the mechanical engineering industry and other manufacturing industries (e.g. the furniture industry). Production also decreased in the textile and clothing industry. In 1990, there were 90,370 jobs in the Lahti Region. The number of jobs diminished over the next couple of years, so that in 1993 there were fewer than 70,000 jobs in the Lahti Region. The number of jobs had slowly increased to 79,138 in 1999.
| Employment by sector (City of Lahti) | 1980 | 1990 | 2000 | 2007 |
|---|---|---|---|---|
| Services | 52.0% | 59.3% | 63.5% | 72.4% |
| Industry | 47.1% | 40.1% | 36.4% | 27.4% |
| Agriculture & Forestry | 0.9% | 0.6% | 0.1% | 0.2% |
In 1995, R&D expenditure was FIM 715 per person, while Finland's average was about FIM 2050. The amount of Tekes (the National Technology Agency) funding in the Lahti Region grew 40% during 2004-2007 while the average growth in Finland was 60%.
| Gross domestic product (Lahti Region) | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 |
|---|---|---|---|---|---|---|---|
| GDP at current prices; million € | 3,449.3 | 3,709.7 | 3,697.5 | 3,982.3 | 4,136.8 | 4,242.4 | 4,381.9 |
| Changes of GDP; year 2000 = 100% | 100.0% | 107.5% | 107.2% | 115.5% | 119.9% | 123.0% | 127.7% |
| GDP per capita; whole country =100% | 80.7% | 82.0% | 79.4% | 84.3% | 83.9% | 83.4% | 81.2% |
| GDP per employed; whole country =100% | 86.6% | 87.3% | 83.6% | 88.9% | 88.7% | 88.6% | 87.1% |
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Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)