Economy
Riga is one of the key economic and financial centers of the Baltic States. Roughly half of all the jobs in Latvia are in Riga and the city generates more than 50% of Latvia's GDP as well as around half of Latvia's exports. Biggest exporters are in wood products, IT, food and beverage manufacturing, pharmaceuticals, transport and metallurgy. Riga Port is one of the largest in the Baltics. It handled a record 34 million tonns of cargo in 2011 and has potential for future growth with new port developments on Krievu Sala. Tourism is also a large industry in Riga and after a slowdown during the crises, grew 22% in 2011.
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DnB Nord Bank Riga Headquarters
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Rietumu Bank Headquarters
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Bank of Latvia
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ABLV Bank Headquarters
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Swedbank Latvia Headquarters
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Riga Stock Exchange early 20th century. Now The Art Museum Riga Bourse
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Famous quotes containing the word economy:
“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)
“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)