Economy
With 44 billion euros, Lorraine generates 3.4% of France's GDP, and ranks 8th out of the 26 regions of France. The logistics and service sectors have experienced the strongest growth in recent years, while the traditional industries (textiles, mining, metallurgy) have experienced a decline and consequently the region has experienced a major difficulty with a rising unemployment rate that is near the national average. In 1997 the last iron ore mine in Lorraine, which once produced over 50 million tonnes of iron, was closed.
| Lorraine | France | |
|---|---|---|
| GDP 2000 | 44.3 Billion Euros | 1.816 Trillion Euros |
| Agriculture | 2.5% | 2.8% |
| Industry | 30.7% | 25.6% |
| Service | 66.8% | 71.6% |
| Unemployment June 2002 | 8.4% | 9% |
Read more about this topic: Lorraine (region)
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“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)