Economy
Quito is the second largest city in terms of contribution to national GDP after Guayaquil, and the second highest per capita income after Cuenca. Quito is the highest level of tax collection in Ecuador for tax, exceeding the national 57% per year 2009, currently being the most important economic region of the country, 63 as the latest "study" conducted by the Central Bank of Ecuador. In 2006, the contribution was 18.6% of GDP, generating 4.106 billion dollars, but its value adjudication allows this even bigger GDP reaching gain in real terms 27% 64 of Pib country thanks to contributions from oil production and predial.65 Updated: by 2009 the GDP of Quito was approximately $ 10.65 billion by way of production (19% contribution), 4112 millions of dollars in award (8% of award) and 14.762 billion dollars for total GDP (27% from 8% contract, 19% produced)
TAME, an airline of Ecuador, has its headquarters in Quito.
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Famous quotes containing the word economy:
“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)
“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)
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—Doris Lessing (b. 1919)