Economy
Agriculture, crafts, animal husbandry and fishery are the main traditional sources of income. Agriculture is characterized by the cultivation of wine grapes, fruit, vegetables and olives.
Industrial development in Lazio is limited to the areas south of Rome. Communications and - above all - the setting of the border of the Cassa del Mezzogiorno some kilometers south of Rome, have influenced the position of industry, favouring the areas with the best links to Rome and those near the Autostrada del Sole (motorway), especially around Frosinone. Firms are often small to medium in size and operate in the building and building materials (Rome, Civitavecchia), paper (Sora), petrochemical (Gaeta, Rome), textile (Frosinone), engineering (Rieti, Anagni), automobile (Cassino), electronic and electrotechnical (Viterbo) sectors.
Approximately 73% of the working population are employed in the services sector; this is a considerable proportion, but is justified by the presence of Rome, which is the core of public administration, banking, tourism, insurance and other sectors. Many national and multinational corporations, public and private, have their headquarters in Rome (ENI, Enel, Finmeccanica, Alitalia, RAI).
Lazio's limited industrial sector and highly developed service industries allowed the region to well outperform the Italian economy in 2009. The trend is set to continue over the next few years - the region's economy being among the most dynamic in Italy. This year the economy is predicted to grow by 1.3-1.5%, while in 2011 it is expected to expand by between 2-2.2%. These are the fastest rates in Italy and compare to national figures of between 0.8%-1.1% in 2010 and 1.1%-1.3% in 2011.
Read more about this topic: Lazio
Famous quotes containing the word economy:
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)