Economy and Industry
The regional economy was traditionally based on industries such as coal mining in the Leen Valley and manufacturing. Since the invention of the knitting frame by local William Lee, the county, in particular Nottingham, became synonymous with the lace industry.
In 1998 Nottinghamshire had a GDP per-capita of £12,000, and a total GDP of £12,023 million. This is compared to a per-capita GDP of £11,848 for the East Midlands, £12,845 for England and £12,548 for the United Kingdom. Nottingham has a GDP per-capita of £17,373, North Nottinghamshire £10,176, and South Nottinghamshire £8,448. In October 2005 the United Kingdom had 4.7% unemployment, the East Midlands 4.4%, and the Nottingham commuter belt area 2.4%.
Read more about this topic: Nottinghamshire
Famous quotes containing the words economy and/or industry:
“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 have never yet spoken from a public platform about women in industry that someone has not said, “But things are far better than they used to be.” I confess to impatience with persons who are satisfied with a dangerously slow tempo of progress for half of society in an age which requires a much faster tempo than in the days that “used to be.” Let us use what might be instead of what has been as our yardstick!”
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