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:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)