Economy
Novosibirsk Oblast's gross regional product in 2007 was $14,950.2 million. GRP per capita was 144,869 roubles; somewhat under the national average of 198,817 roubles. For many years, the region experienced relatively high rates of industrial output growth: between 1999 and 2008 industrial output grew 170%, exceeding the Russian average growth by 23%.
Read more about this topic: Novosibirsk Oblast
Famous quotes containing the word economy:
“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)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)