what is the biggest sector of the us economy
Economy of Cyprus


from outside the EU use Cyprus as their entry-point for investment into Europe. The business services sector remains the fastest growing sector of the economy, and had overtaken all other sectors in importance. CIPA has been fundamental towards this trend. As of 2016, CySEC (the Financial Regulator), regulates many of the worlds biggest brands in retail forex as they generally see it as an efficient way to get an EU operating license and industry know-how. In 2011, Noble Energy estimated that a pipeline to Leviathan gas
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Economy of Thailand


. Electrical and electronics (E&E) equipment is Thailand's largest export sector, amounting to about 15 percent of total exports. In 2014 Thailand's E&E exports totalled US$55 billion. The E&E sector employed approximately 780,000 workers in 2015, representing 12.2 per cent of the total employment in manufacturing. Thailand is the world's second-biggest maker of hard disk drives (HDDs) after China, with Western Digital and Seagate Technology among the biggest producers. But problems may loom for Thailand's high-tech sector. In January
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Economy of Isan


spent on a new Khorat-Bangkok motorway. Agriculture is the biggest sector of the economy. The following table shows the percentage of gross regional product (GRP) by sector in 2013: Agriculture remains the largest sector of the economy, but its importance is decreasing. Its share of GRP fell from 45 percent in 1980 to 33.2 percent in 1990, and to 27.1 percent in 2013. During the 1990s, the agricultural sector grew at 3.8 percent per annum, compared to 9.7 percent for the service sector. Although 76 percent
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Wellington International Airport


Christchurch-Los Angeles route in early 2006. Regional business organisations and the airport have put forward their case to various international airlines for long-haul operations to and from Wellington, pointing out that Christchurch's economy is mainly industrial and agricultural, while arguing that Wellington's economy is based mainly on what they see as the higher-value public service, financial, ICT, and creative sectors. In particular, a survey commissioned by the Wellington Chamber of Commerce found that respondents regarded the airport's limited international capacity as the biggest
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Economy of Kazakhstan


low oil prices and the tenge devaluation. According to the Minister of National Economy of Kazakhstan, in nine months of 2016 the GDP growth reached 0.4%. Sectors of economy that experienced the highest growth included construction (6.9%), agriculture (4.9%), and transport sector (4.0%). Kazakhstan is the leading country in the world for uranium production volumes with 35% of global production, and it has the world's second biggest uranium reserves after Australia. Oil and gas is the leading economic sector.
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Economy of Naples


the Naples area, mainly in Gragnano, Lettere, Ercolano and Pozzuoli. Naples is known worldwide for Neapolitan coffee, made with the historical Neapolitan flip coffee pot which then led to the creation of the espresso coffee machine and Moka Express coffee pot. Some light industrial companies remain who roast coffee beans and produce ground coffee to be used with Neapolitan coffee machines. Tourism is one of the biggest sectors of the Neapolitan economy, with the hotel trade sector compromising 3.7% of Naples' GDP. Naples has always been and remains one
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Economy of the Western Cape


of the fastest growing sectors of the province's economy. Cape Town hosts a large Amazon centre for its cloud computing services and customer service employing 1,400. The video game industry also has a strong presence in the region with nearly half of the 59 gaming companies in South Africa located in the Western Cape. The biggest sector in the Western Cape's economy is the financial, business services and real estate sectors contributing approximately R77 billion in 2008. The province is particularly strong in financial services associated with wealth management. As of 2018
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Global studies


. These perspectives encourage engagement with new promises and threats for the promotion of human rights, social justice, and political participation. By 2006, the international development sector had expanded exponentially, with the “NGO sector now being the 8th largest economy in the world ... employing nearly 19 million paid workers." Financing health projects used to be the biggest issue in global aid, but private and public organizations like the Bill and Melinda Gates Foundation have helped overcome such problems. The issue now is making sure that the money is used
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Economy of the Australian Capital Territory


-2016, the largest growth in employment by occupation in the ACT. As at 2016, almost a third (30.8%) of ACT workers were employed in the public sector. Due to the large dependency on its public sectors, the ACT economy is volatile to changes in government spending, with the biggest economic contributions and detractions in final state growth coming from it. Such economic risk, however, has been partially offset by small agriculture and mining sectors. In 2014, large-scale cuts in public service jobs,
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Economy of São Paulo


São Paulo is the 10th richest city in the world, and is expected to be the 6th richest in 2025. According to data of Fecomercio/SP, its gross domestic product (GDP) in 2011 was R$450 billion. The biggest financial center in Brazil and one of the biggest financial centers out there in the world, São Paulo's economy is going through a deep transformation. Once a city with a strong industrial character, São Paulo's economy has become increasingly based on the tertiary sector, focusing on services and businesses
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Chinese economic reform


to revive the economies of Japan and Southeast Asia. Asian leaders view China's economic growth as an "engine of growth for all Asia". After three decades of reform, China's economy experienced one of the world's biggest booms. Agriculture and light industry have largely been privatized, while the state still retains control over some heavy industries. Despite the dominance of state ownership in finance, telecommunications, petroleum and other important sectors of the economy, private entrepreneurs continue to expand into sectors formerly reserved for public enterprise. Prices
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CARICOM Single Market and Economy


to stimulate the intra-regional procurement activities. All of these components are being undertaken simultaneously with a view towards achieving possible implementation by the end of 2014 but certainly by 2016. The estimated market for regional procurement is approximately US$17 billion annually among the region of five and a half million people (with the exception of Haiti). The government is one of the biggest single sectors in every economy in Caricom, so one of the possible solutions to the aim of boosting intra-regional trade, and for each country to
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Kazan


them have been implemented in the real economy sector. Because of the unstable economic situation within the country, there was a decrease of investment rates in 2015 and—according to the statistics of the first part of the year—it composed 51684.2 million rubles. There are head offices of six companies that are in the top 500 in terms of revenues in Russia. The total area of city business centres is 330 thousand square metres. Innovative economy in Kazan is represented by the biggest IT-park in Russia and also the biggest
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Economy of the Netherlands


more than Germany) and an important role as a European transportation hub, with Rotterdam as by far the biggest port in Europe and Amsterdam with one of the biggest airports in Europe. Industrial activity is predominantly in food processing, chemicals, petroleum refining, hightech, financial services, creative sector and electrical machinery. A highly mechanised agricultural sector employs no more than 2% of the labour force but provides large surpluses for the food-processing industry and for exports. The Netherlands, along with 11 of its EU partners, began
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Economy of Pernambuco


biggest industrial production in the Northeast, being second to Bahia. From October 2005 to October 2006, Pernambuco had the second biggest industrial growth in Brazil - 6,3%, which is more than twice the national average in that period (2,3%). Another sector which needs to be mentioned is the mineral extraction. Araripina produces 95% of the plaster consumed in the country. The textile sector plays also one important role in cities such as Caruaru and neighborhoods. The informatics center in Recife – the "Porto Digital" –
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First presidency of Alan García


measures taken were positive. Already in September 1985, inflation fell to 3.5% (compared with 12.5% in April of that year). By the second quarter of 1986, the economy showed clear signs of recovery. The sectors that relied on domestic demand (manufacturing, construction, agriculture) grew, but not those engaged in the export sectors (mining, fishing). In 1986, the economy grew 10%. It was the biggest increase since the 50's, with it then Garcia enjoyed record popularity throughout Latin
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Nicaraguan Revolution


, ports, communications, services and massive amounts of land. The Nicaraguan Revolution brought immense restructuring and reforms to all three sectors of the economy, directing it towards a mixed economy system. The biggest economic impact was on the primary sector, agriculture, in the form of the Agrarian Reform, which was not proposed as something that could be planned in advanced from the beginning of the Revolution but as a process that would develop pragmatically along with the other changes (economic, political, etc.) that would arise during the
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Economy of Russia


level of 1.1% since 2010. The IT market is one of the most dynamic sectors of the Russian economy. Russian software exports have risen from just $120 million in 2000 to $3.3 billion in 2010. Since the year 2000 the IT market has started growth rates of 30–40% a year, growing by 54% in 2006 alone. The biggest sector in terms of revenue is system and network integration, which accounts for 28.3% of the total market revenues. Meanwhile, the fastest growing segment of the IT market
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Israel's Anti-Concentration Law


members. The interim report also concludes that “the Israeli financial sector is characterized by a very high degree of concentration, both relative to the economy’s concentration and to financial sectors in other countries: the five biggest banking groups hold about 99% of public deposits and the six biggest financial groups manage about 69% of the public’s long-term savings. As a result of regulatory demands, almost all Israeli financial entities in Israel have controlling shareholders, and some of the major financial entities have controlling shareholders that also have
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Deficit spending


can issue other liabilities, their fiat money, to pay off their interest bearing bond debt. They cannot go bankrupt involuntarily because this fiat money is what is used in their economy to settle debts, while household liabilities are not so used. This view is summarized as: Continuing in this vein, Chartalists argue that a structural deficit is "necessary" for monetary expansion in an expanding economy: if the economy grows, the money supply should as well, which should be accomplished by government deficit spending. Private sector savings
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Victoria (Australia)


second largest economy in Australia after New South Wales, accounting for a quarter of the nation's gross domestic product. The total gross state product (GSP) at current prices for Victoria was A$374 billion in June 2016, with a GSP per capita of A$60,595. The economy grew by 1.0 per cent in the 2015–16 financial year, less than the Australian average of 2.7 per cent. Finance and insurance is Victoria's largest income producing sector, while the health care and social assistance sector is the state's biggest employer
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Gunter Pauli


was released in 2014 and "The Blue Economy 3.0" in 2017, showing what had been achieved worldwide. In the fall of 2017 Pauli published "The Third Dimension" in cooperation with Jurriaan Kamp, describing the trends that shape "The Blue Economy". The French edition was launched under a new title "Let us be as intelligent as Nature". . In the Spring of 2018 Pauli published "Plan A: The Transformation of the Argentinian Economy" presenting 10 innovative sectors in the Argentinian economy applying "The Blue
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Occidental Mindoro


such as mahogany, and other types of trees in high demand for durability. There is no large industry in the province. The government is the biggest employer, absorbing most of the off-farm labor force. The local electric cooperative, Occidental Mindoro Electric Cooperative (OMECO), is the biggest employer in the private sector, with nearly 150 regular employees. The rest of the population is engaged in private trades. There are many multi-faceted problems in Occidental Mindoro's economy. In rice farming, the biggest issue
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Economy of Jordan


biggest ad spender in 2007, accounting for around 20% of the market, followed by banking and finance sector (12%), services industry (11%), real estate (8%) and the automotive sector (5%). In the next year, particularly if there is a downturn, it would become increasingly important for the sector to develop good vocational training and to begin to take advantage of new media markets. Services accounted for more than 70 percent of gross domestic product (GDP) in 2004
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Big push model


due to higher investment. Consider a country whose economy is characterized by a large number sectors which are so small that any increase in the productivity of one sector has no impact on the economy as a whole. Each sector can either rely on traditional methods or switch to modern methods of production which would increase its efficiency. Let us assume that there are formula_1 workers in the economy and formula_2 sectors. Each sector therefore has formula_3 workers. "Using traditional technology", a sector would produce formula_3 amount of output, with each
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Economy of Wales


service industries. What has marked Wales out is a low activity rate compared to other parts of the UK. In 2003, agriculture contributed £418 million to Welsh GVA, or 1.1% (including subsidies). 1.6m hectares (around 77% of Wales' total land area) is used for agricultural production and an estimated 57,500 people are directly employed in the sector. Farming is dominated by beef, sheep and the dairy sector, with the arable sector accounting for 10% of agricultural output. Average farm size is
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Bokaro Steel City


Authority of India Ltd., Oil and Natural Gas Corporation , Electrosteel Castings amongst others. The primary economy is supported by the services sector. The city market situated at the center of the city in Sector 4 . The old Chas bazaar still remains a cheap wholesale market, and "dundi baag" is one of the biggest vegetable markets in the region. Besides these, each sector has its own small shopping center catering to the day-to-day needs of the people. The advent of malls has brought in modern retail
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Economy of Bolivia


's manufacturing sector from developing fully. Leading manufactured goods in Bolivia include textiles, clothing, non-durable consumer goods, processed soya, refined metals, and refined petroleum. Processing of food, beverages and tobacco is the biggest sector within the manufacturing industry (39% in 2001). This sector occupies a prominent place in the manufacturing industry that is continually growing, both in production and number of businesses and jobs. In 2010 its share in exports was about 14%. Especially the soybean and its derivatives reached very large
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Economy of Madhya Pradesh


Industrial areas - Sitholi, Banmore and Malanpur. All these three sectors are on NH 75, National Highway 3 and NH 92 respectively. Malanpur is the biggest. The city earlier had big manufacturing industries such as Gwalior Grasim and J.C. MILLS of Birlanagar but now this sector is left with only one industry – J.B.Mangharam Ltd. But the other three sectors have many industries. The important ones are dairy, chemical, manufacturing, and textiles. Handicraft and small industries are also found such as Gwalior potteries. Gwalior is also an important historical
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Economy of the Dominican Republic


sugar as the main source of the country's earnings, and by 1997 it was generating more than half of the country's total foreign exchange. Tourism is the single biggest revenue earner, with receipts increasing more than tenfold from US$173 million in 1980 to more than US$2 billion by 2000. According to the Central Bank, the Dominican Republic received US$4.3 billion in revenues from the tourism sector in 2011. Successive governments have invested heavily in tourism development, creating upgraded airports and other infrastructure. 2.1 million tourists arrived in
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Donald Luskin


's discussion boards that became a cause célèbre on the web. Luskin's predictions were controversial again in 2008 when, in a September "The Washington Post" opinion piece, he cited evidence of what he claimed were factual errors made by Barack Obama and members of his presidential campaign concerning the state of the economy. Luskin claimed that the market was healthy, and Obama was simply using the state of the economy to discredit John McCain. However, the following day, Lehman Brothers filed for the biggest bankruptcy in US history and
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Economy of French Polynesia


. Some parts of the economy involve quasi-monopolistic groups due to the small economy size, the challenges of a country of small islands spread in a huge oceanic space, and the action of the government through subsidies and public companies. Some sectors show an important horizontal and vertical integration trend. Recently, the local government tries to maintain a healthy competition and regulate the growth of the biggest groups, but face many challenges. For example, it was unable to prevent a major supermarket group to develop its own vegetable production,
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Economy of Russia


, from 1994 until 2013, Russia Exports averaged 18668.83 USD million reaching an all-time high of 51338 USD million in December 2011 and a record low of 4087 USD million in January 1994. Russia is the 16th largest export economy in the world (2016) and is a leading exporter of oil and natural gas. In Russia, services are the biggest sector of the economy and account for 58% of GDP. Within services the most important segments are: wholesale and retail trade, repair of motor vehicles, motorcycles and
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Economy of Assam


1.6 percent in the 1990s. The manufacturing sector showed some improvement in the 1990s with a growth rate of 3.4 percent per annum than 2.4 percent in the 1980s. In the past five decades, the tertiary sector has registered the highest growth rates than the primary and secondary sectors, which even has slowed down in the 1990s than in the 1980s. Agriculture accounts for more than a third of Assam’s income and employs 69 percent of total workforce. Assam's biggest contribution to the world is its tea. Assam produces some of
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Economy of the United Kingdom


's biggest construction project with a £15 billion projected cost. Prospective construction projects include the High Speed 2 line between London and the West Midlands and Crossrail 2. The Blue Book 2013 reports that this sector added gross value of £33,289 million to the UK economy in 2011. The United Kingdom is expected to launch the building of new nuclear reactors to replace existing generators and to boost UK's energy reserves. In the 1970s, manufacturing accounted for 25 percent of the economy. Total employment in manufacturing fell from 7.1 million in
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Varginha


together at the I UFO Congress of Varginha, organized with the support of the City Hall. Varginha is a major regional hub for services and industries. Several factories are established in the city such as Philips-Walita, Inovacon, Plascar, CooperStandart, SteamMaster and Samsung. There are also a large number of small enterprises in the industrial sector with regional success. It is also one of the biggest producers of coffee in the world. The city's main economy sectors are agriculture (especially coffee), engineering, steel,
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Tertiary sector of the economy


) economies has increased over time. Historically, manufacturing tended to be more open to international trade and competition than services. However, with dramatic cost reduction and speed and reliability improvements in the transportation of people and the communication of information, the service sector now includes some of the most intensive international competition, despite residual protectionism. Service providers face obstacles selling services that goods-sellers rarely face. Services are intangible, making it difficult for potential customers to understand what they will receive and what value it will hold for them.
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Informal economy


the 1950s and 1960s to believe that traditional forms of work and production would disappear as a result of economic progress in developing countries. As this optimism proved to be unfounded, scholars turned to study more closely what was then called the traditional sector. They found that the sector had not only persisted, but in fact expanded to encompass new developments. In accepting that these forms of productions were there to stay, scholars and some international organizations quickly took up the term informal sector (later known as the informal economy or just informality
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Economy of the United States


trillion or 77% of GDP in 2017, ranked the 43rd highest out of 207 countries. This debt, as a percent of GDP, is roughly equivalent to those of many western European nations. A central feature of the U.S. economy is the economic freedom afforded to the private sector by allowing the private sector to make the majority of economic decisions in determining the direction and scale of what the U.S. economy produces. This is enhanced by relatively low levels of regulation and government involvement, as well as a court system that generally
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Economy of Russia


services are the biggest sector of the economy and account for 58% of GDP. Within services the most important segments are: wholesale and retail trade, repair of motor vehicles, motorcycles and personal and household goods (17% of total GDP); public administration, health and education (12%); real estate (9%) and transport storage and communications (7%). Industry contributes 40% to total output. Mining (11% of GDP), manufacturing (13%) and construction (4
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Economy of Azerbaijan


interest in accessing this pipeline to transport a portion of their production. In 2010, Azerbaijan entered into the top eight biggest oil suppliers to EU countries with €9.46 billion. In 2011, the amount of foreign investments in Azerbaijan was $20 billion, a 61% increase from 2010. According to Minister of Economic Development of Azerbaijan, Shahin Mustafayev, in 2011, "$15.7 billion was invested in the non-oil sector, while the rest - in the oil sector." In 2012, because of its economic
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Urbanisation in India


the development of Indian economy leading to what is popularly known as Hindu rate of growth. The contribution of the agricultural sector to the GDP of India started to decline and the percentage contribution from secondary sector increased. The period after 1941, witnessed rapid growth of four metropolitan cities in India, which were Kolkata, Delhi, Mumbai, and Chennai. The nation's economy saw a rise due to industrial revolution and the invention of new technologies increased the standard of living of people living in urban areas. The growth of public sector
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2016 State of the Union Address


to ensure prosperity and security. He stressed that these traits are what got the country through the recent economic crisis, and what led to affordable health care, the resurgence of the US energy sector, greater benefits for troops and veterans and the legal acceptance of Gay marriage. He then listed what he called four big questions the country has to answer: He praised the US economy as the strongest in the world, and noted the strong recent job growth, along with a reduction in deficits. He criticized those who claimed America
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Economy of Luxembourg


In 1978, Luxembourg tried to build a 1,200 MW nuclear reactor but dropped the plans after threats of major protests. Currently, Luxembourg uses imported oil and natural gas for the majority of its energy generation. Luxembourg is a member of the European Space Agency where Luxembourg contributed 23 million Euros in 2015. The world's biggest satellite operator (SES Global) has its origin and headquarters in Betzdorf, Luxembourg. In February 2016, the Government of Luxembourg announced that it would attempt to "jump-start an industrial sector to mine
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Economy of Nicaragua


represents 17.5% of GDP and it's the largest percentage in a Central American country. Nicaraguan labor force is estimated at 2.961 million of which 28% is occupied in agriculture, 19% in the industry sector and 53% in the service sector (2012). Coffee became Nicaragua's principal crop in the 1870s, a position it still held in 1992 despite the growing importance of other crops. Cotton gained importance in the late 1940s, and in 1992 was the second biggest export earner. In the early 20th century,
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Economy of Panama


strong in the transport and communications sector, which became the biggest component of GDP, although many sectors also saw strong growth. Real GDP rose 7.5% (03-04), 6.9% (04-05), 8.1% (05-06). GDP growth in 2008 was 9.2%, reflecting a slowing of the robust growth of 11.5% seen in 2007. Although growth slowed to 2.4% in the first half of 2009, due to the global economic downturn, it is expected to improve in 2010
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List of companies of the Faroe Islands


% in early 2009. In December 2014 the unemployment was 3.2%. Nevertheless, the almost total dependence on fishing and fish farming means that the economy remains vulnerable. One of the biggest private companies of the Faroe Islands is the salmon-farming company Bakkafrost, which is the largest of the four salmon-farming companies in the Faroe Islands and the eighth-biggest in the world. This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which
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Economy of Poland


a member of the European Union, it applies the common external tariff to goods from other countries including the United States. Poland's major imports are capital goods needed for industrial retooling and for manufacturing inputs. The country's exports also include machinery, but are highly diversified. The most successful exports are furniture, foods, motor boats, light planes, hardwood products, casual clothing, shoes and cosmetics. Germany is by far the biggest importer of Poland's exports as of 2013. In the agricultural sector, the biggest money
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Economy


economy as a unit of study. The terms "underground", "under the table" and "off the books" typically refer to this type of economy. The term black market refers to a specific subset of the informal economy. The term "informal sector" was used in many earlier studies, and has been mostly replaced in more recent studies which use the newer term. The informal sector makes up a significant portion of the economies in developing countries but it is often stigmatized as troublesome and unmanageable. However the
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Economy of Karachi


PPP) to be $113 billion as of 2014 It confirmed Karachi’s status as Pakistan’s largest economy, well ahead of the next two biggest cities Lahore and Faisalabad, which had a reported GDP (PPP) in 2008 of $40 billion and $14 billion, respectively. (projected to be $193 billion in 2025 at a growth rate of 5.5%). Karachi's high GDP is based on its large industrial base, with a high dependency also on the financial services sector. Textiles, cement, steel
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Industry of Romania


the second largest software producer in Eastern Europe). In terms of IT outsourcing services Romania is ranked in the third place worldwide successfully challenging India. The IT market is one of the most dynamic sectors of the Romanian economy. Since the year 1994 the IT market has demonstrated growth rates of 40–60 percent a year. The biggest sector in terms of revenue is system and network integration, which accounts for 28,3% of the total market revenues. Meanwhile, the fastest growing segment of the IT market is offshore programming. The industry
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Fei–Ranis model of economic growth


do not suffer from constraints of labor supply. At the same time, growth in the agricultural sector must not be negligible and its output should be sufficient to support the whole economy with food and raw materials. Like in the Harrod–Domar model, saving and investment become the driving forces when it comes to economic development of underdeveloped countries. One of the biggest drawbacks of the Lewis model was the undermining of the role of agriculture in boosting the growth of the industrial sector. In addition to that, he did not acknowledge
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Fremantle


was Catholic, 10% Anglican and 1.6% Buddhist. Fremantle's tertiary education institutions are: The city centre is also home to a major teaching hospital, Fremantle Hospital. Fremantle has a diverse economy, with over 2,000 registered businesses operating across a wide range of sectors. Many of the city's enterprises are small businesses, with 75% employing fewer than five people. Fremantle's biggest employment sector is health care and social assistance – 17.5% of the city's workers are employed in this area, reflecting the important influence
15836907
Economy of Berlin


2006. In the same year unemployment remained high, at 16.5% as of 2006. Fast-growing sectors are communications, life sciences, mobility and services with information and communication technologies, media and music, advertising and design, biotechnology and environmental services, transportation and medical engineering. Since 2015 Berlin is the top congress city in the world and is home to one of Europe's biggest convention centers in the form of the CityCube Berlin (formerly Internationales Congress Centrum). It contributes to the increasing tourism sector encompassing 592 hotels
19961906
Economy of Ohio


steel production, accounting for 14-17% of the nation's raw output. More traditional industries include agriculture, employing one out of seven Ohioans, and new and developing sectors include bioscience, green, information, and food processing industries. Ohio is the biggest manufacturer of plastics and rubber in the country, has the largest bioscience sector in the Midwest, and ranked fourth in the country for green economic growth through 2007. The state is recognized internationally as the "Fuel Cell Corridor", while Toledo is recognized as a
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Lewes


In 2001 the service industries were by far the biggest employers in Lewes: over 60% of the population working in that sector. A little over 10% are employed in manufacturing, mostly in the smaller industrial units, particularly those in the Mallings Business Centre. The town is a net daytime exporter of employees with a significant community working in London and Brighton whilst it draws in employees of the numerous local government and public service functions on which its local economy is strongly dependent. An important part of the town's economy is
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Economy of Guam


-dollar adjustments have significantly impacted tourism with spending per person in retail and attraction sectors now nearly 50% compared to their peak in the mid-1990s. Nevertheless, as of 2005 tourism is finally starting to stabilize and recover. Most food and industrial goods are imported. As Guam's tourist economy continues to slowly recover, over $1 billion in military spending on the island is projected in the coming several years. The Government of Guam (GovGuam) is the biggest employer on the island (exceeding the tourism industry and the federal
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Informal economy


economy are not included in a country's gross national product (GNP) or gross domestic product (GDP). The informal sector can be described as a grey market in labour. Other concepts that can be characterized as informal sector can include the black market (shadow economy, underground economy), agorism, and System D. Associated idioms include "under the table", "off the books", and "working for cash". The original use of the term 'informal sector' is attributed to the economic development
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Convention People's Party


, the farmers needed to be shielded from such fluctuations through a guaranteed farm gate price. As part of the diversification strategy to reduce the risk of over-dependence, any windfall would be used to expand other sectors of the economy. Naturally the farmers, who wanted a share of higher world prices for their produce were unhappy about this and demanded a repeal of the bill. However, what started out as the natural response of an aggrieved sector of the country over policy was hijacked by disgruntled political activists and leaders with a
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Economy of Malaysia


domestic) and 2 other financial institutions (both domestic) operating in Malaysia. Commercial banks are the largest and most significant providers of funds in the banking system. The biggest banks in Malaysia's finance sector are Maybank, CIMB, Public Bank Berhad, RHB Bank and AmBank. Malaysia is currently also the world's largest centre of Islamic Finance. Malaysia has 16 fully-fledged Islamic banks including five foreign ones, with total Islamic bank assets of US$168.4 billion, which accounts for 25% of the Malaysia's total banking
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Economy of Tiruchirappalli


can generate up to of electricity using coal as a resource. Other important industries in Tiruchirappalli include the Trichy Distilleries and Chemicals Limited (TDCL) which was established at Senthaneerpuram in the then Golden Rock municipality in 1966. and the Trichy Steel Rolling Mills which was started as a private limited company on 27 June 1961. The Trichy Distilleries and Chemicals Limited manufactures rectified spirit, acetaldehyde, acetic acid, acetic anhydride and ethyl acetate. It is one of the biggest private sector distilleries in Tamil Nadu and produced 13.5 million litres of spirit
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Wolfstein, Rhineland-Palatinate


as the 19th century, was the family Martin's pottery business. Currently, the greater part of Wolfstein's inhabitants work in the secondary sector of the economy (all figures are rounded): 1,200 persons, or 67% of the workforce, of whom 1,030 employees and 60 trainees are at KOB KG alone, Europe’s biggest bandage factory, which recently gave up part of its independence to coöperate with the biggest distributor of bandage material, Paul Hartmann AG. Only 240 employees actually live in Wolfstein. Most of the commuters
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Blue economy


for both developed and developing countries." A United Nations representative recently defined the Blue Economy as an economy that "comprises a range of economic sectors and related policies that together determine whether the use of ocean resources is sustainable. An important challenge of the blue economy is to understand and better manage the many aspects of oceanic sustainability, ranging from sustainable fisheries to ecosystem health to preventing pollution. Secondly, the blue economy challenges us to realize that the sustainable management of ocean resources will require collaboration across borders and sectors through a variety
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Informal economy


deprives some workers of deserved benefits while conveying undeserved benefits to others. The term is also useful in describing and accounting for forms of shelter or living arrangements that are similarly unlawful, unregulated, or not afforded protection of the state. 'Informal economy' is increasingly replacing 'informal sector' as the preferred descriptor for this activity. Informality, both in housing and livelihood generation has often been seen as a social ill, and described either in terms of what participant's lack, or wish to avoid. A countervailing view,
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Economic history of Germany


rate reductions had led to greater vitality and revenues. Although the cumulative public-sector deficit had gone above the DM1 trillion level, the public sector was growing more slowly than before. The year 1989 was the last year of the West German economy as a separate and separable institution. From 1990 the positive and negative distortions generated by German reunification set in, and the West German economy began to reorient itself toward economic and political union with what had been East Germany. The economy turned gradually and massively from its primarily West European
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Economy of Jordan


incentive to boost private investments in alternative modes of transport such as public buses and improved trains. Although the state remains a major influence, Jordan's media sector has seen significant privatisation and liberalisation efforts in recent years. Based on official rack rates, research firm Ipsos estimated that the advertisement sector spent some $280m towards publicity in Jordan's media, 80% of which was spent on newspapers, followed by TV, radio and magazines. The biggest event of 2007 was the cancelled launch of ATV, the kingdom's first
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Economy of Malawi


Corporation Ltd. is the country's biggest company, with subsidiaries in the tobacco, banking, sugar, fishing, ethanol production, steel production, retail, telecommunication and petrol sectors. Malawi has undertaken economic structural adjustment programs supported by the World Bank (IBRD), the International Monetary Fund (IMF), and other donors since 1981. Broad reform objectives include stimulation of private sector activity and participation through the elimination of price controls and industrial licensing, liberalization of trade and foreign exchange, rationalization of taxes, privatization of state-
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Economy of Morocco


segment will continue to grow, and while strong local brands are emerging, international brand names will continue to account for the biggest percentage increase in the sector's turnover. Changing consumption habits, increasing purchasing power and the growing number of tourists should boost the development of malls and luxury shopping. However, independent stores and markets should continue to account for most domestic trade in the foreseeable future. In 2009 Morocco was ranked among the top thirty countries in the offshoring sector. Morocco opened its doors to offshoring in July 2006, as
19610970
Economy of Jordan


of immigrants from the Gulf countries to Jordan, mostly from Jordanian expatriates from Kuwait, totaling few hundred thousands. This large wave impacted Jordan in many ways, and one of them was on its IT industry. Energy remains perhaps the biggest challenge for continued growth for Jordan's economy. Spurred by the surge in the price of oil to more than $145 a barrel at its peak, the Jordanian government has responded with an ambitious plan for the sector. The country's lack of domestic resources is being addressed via a $
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Poverty in Nigeria


Nigeria has one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report released in July 2019 by the World Bank. Poverty still remains significant at 33.1% in Africa's biggest economy. For a country with massive wealth and a huge population to support commerce, a well-developed economy, and plenty of natural resources such as oil, the level of poverty remains unacceptable. However, poverty may have been overestimated due to the lack of information on the extremely huge informal sector of the
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Economy of Mexico


agency) estimates that 6% (7.4 millions of people) live in extreme poverty and suffer from food insecurity. Recently, extensive changes in government economic policy and attempts at reducing government interference through privatization of several sectors, for better or worse, allowed Mexico to remain the biggest economy in Latin America, until 2005 when it became the second-largest; and a so-called "trillion dollar club" member. Despite these changes, Mexico continues to suffer great social inequality and lack of opportunities. The Peña Nieto's
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Economy of Bosnia and Herzegovina


. Today it takes between 3–5 weeks to register a company in the country (and in some business sectors it can still take months to acquire all required permits, mostly due to administrative inefficiency), and many other business related administrative procedures are similarly convoluted and time-consuming. Political corruption is one of the more acute problems in Bosnia and Herzegovina, and along with size of administration and its inefficiency, the biggest detriment to tax money being spent where it should be spent – on services to the population and the economy.
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Economic geography


economic geographers to study social and spatial divisions caused by the rising New Economy, including the emerging digital divide. The new economic geographies consist of primarily service-based sectors of the economy that use innovative technology, such as industries where people rely on computers and the internet. Within these is a switch from manufacturing-based economies to the digital economy. In these sectors, competition makes technological changes robust. These high technology sectors rely heavily on interpersonal relationships and trust, as developing things like software is very different from other kinds
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Economy of Honduras


1989 and 1993 translated to mostly negative or small positive per capita changes in the GDP for a population that was growing at close to 4 percent annually. President Callejas attempted to adhere to conditions of desperately needed new loans. Cutting the size of the public sector work force, lowering the deficit, and enhancing revenues from taxes—as mandated by the multilateral lending institutions—were consistently his biggest stumbling blocks. Despite his all-out effort to reduce the public-sector deficit, the overall ratio of fiscal deficit to the GDP
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Economy of Lithuania


a factory for high precision car electronics - biggest greenfield investment project in Lithuania so far. Another German manufacturer of lighting technology Hella opened a plant in 2018 in Kaunas FEZ, which will produce produce sensors, actuators and control modules for automotive industry. Lithuania's automotive cluster experienced significant growth during the past 5 years. Companies in the automotive and engineering sector are relatively small but offer flexible services for small and non-standard orders at competitive prices. The sector employs about 3% of the working population and receives 5.6% of
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Economy of Paraguay


rapidly in the 1970s and 1980s as a result of hydroelectric development, agricultural colonization, construction, and cash crop exports. Nevertheless, the country's gross domestic product (GDP) in 1986 was approximately US$3.4 billion, or roughly US$1,000 per capita, ranking Paraguay only ahead of Bolivia among the Spanish-speaking countries of South America. Paraguay was the most agricultural economy of South America, and that sector influenced the performance of virtually every other sector of the economy. The over dependence on agricultural economy and low tax collections
3896674
Knowledge regime


(LMEs) or coordinated market economies (CMEs). There are five sectors that firms address when developing relationships with the state, including industrial relations, vocational training and education, corporate governance, inter-firm relations, and employees. Firms use the five sectors to design different policies that are best suited for their political economy. Liberal market economies operate in capitalist nations that use a system of hierarchy and competitive markets to determine relationships between firms and the state. LMEs operate in highly commodified economies whereby there individuals are particularly dependent
9794226
Input–output model


Jean Charles Léonard de Sismondi. Karl Marx's economics provided an early outline involving a set of tables where the economy consisted of two interlinked departments. Leontief was the first to use a matrix representation of a national (or regional) economy. The model depicts inter-industry relationships within an economy, showing how output from one industrial sector may become an input to another industrial sector. In the inter-industry matrix, column entries typically represent inputs to an industrial sector, while row entries represent outputs from a given sector.
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Dual economy


the midst of traditional cropping systems. Sir Arthur Lewis used the concept of a dualistic economy as the basis of his labour supply theory of rural-urban migration. Lewis distinguished between a rural low-income subsistence sector with surplus population, and an expanding urban capitalist sector (see Dual-sector model). The urban economy absorbed labour from rural areas (holding down urban wages) until the rural surplus was exhausted. A World Bank comparison of sectoral growth in Côte d'Ivoire, Ghana and Zimbabwe since 1965 provided evidence against the
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Economy of Tangier


Tangier's economy is the third biggest of all Moroccan cities, after the economic capital Casablanca and the political capital Rabat. Tangier is Morocco's second most important industrial center after Casablanca. The industrial sectors are diversified: textile, chemical, mechanical, metallurgical and naval. Currently, the city has four industrial parks of which two have the status of free economic zone (see Tangier Free Zone). The years 2007 and 2008 will be particularly important for the city because of the completion of large construction projects currently being built.
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Economy of the Republic of Ireland


a 40% share of Global fleet of leased aircraft. Ireland has 14 of the top 15 lessors by fleet size. The drinks industry employs approximately 92,000 people and contributes 2 billion euro annually to the Irish economy making it one of the biggest sectors. It supports jobs in agriculture, distilling and brewing. It is subdivided into 5 areas; beer (employing 1,800 people directly and 35,000 indirectly), cider (supporting 5,000 jobs), spirits (supporting 14,700 jobs), whiskey (employing 748 people with turnover of 400 million
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Economy of Lithuania


in the Baltic states. In 2003, the VSE was acquired by OMX. Since 27 February 2008 the Vilnius Stock Exchange has been a member of NASDAQ OMX Group, which is the world's largest exchange company across six continents, with over 3,800 listed companies. The market cap of Vilnius Stock Exchange was €3.4 billion on 27 November 2009. During the last decade (1998–2008) the structure of Lithuania's economy has changed significantly. The biggest changes were recorded in the agricultural sector as the share of total employment decreased from
8238166
St. Petersburg International Economic Forum


, the efficiency of measures taken by governments and other equally important issues. Special attention was paid to Russia's role in solving these problems. The Forum was attended by representatives of the world political and business elite, and leading economists and experts. What were the peculiarities of the situation in the economies and banking systems in various regions of the world? What measures should have been taken at national and supranational levels to alter the situation? What was the role of the banking sector and state policy in this sector? Was it
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Patriottentijd


group of very rich "rentiers", and the economy shifted to what we would now call a service economy, in which the commercial sector (always strong in the Netherlands) and the banking sector dominated. These shifts had a devastating effect for the people who experienced downward social mobility and ended up in the lower strata of Dutch society. But even those that were not affected by such downward mobility, and remained in the upper and middle classes, were affected by this perceived economic decline. The economic decline worked through in
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Economy of the Cayman Islands


The economy of the Cayman Islands, a British overseas territory located in the western Caribbean Sea, is mainly fueled by the tourism sector and by the financial services sector, together representing 50–60 percent of the country's gross domestic product (GDP). The Cayman Islands Investment Bureau, a government agency, has been established with the mandate of promoting investment and economic development in the territory. The emergence of what are now considered the Cayman Islands' "twin pillars of economic development" (tourism and international finance) started in the
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Secondary sector of the economy


The secondary sector of the economy includes industries that produce a finished, usable product or are involved in construction. This sector generally takes the output of the primary sector and manufactures finished goods or where they are suitable for use by other businesses, for export, or sale to domestic consumers. This sector is often divided into light industry and heavy industry. Many of these industries consume large quantities of energy and require factories and machinery to convert raw materials into goods and products. They also produce waste materials and waste heat that may
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Dual-sector model


School" in May 1954, the article and the subsequent model were instrumental in laying the foundation for the field of developmental economics. The article itself has been characterized by some as the most influential contribution to the establishment of the discipline. W. A. Lewis divided the economy of an underdeveloped country into 2 sectors: Lewis defined this sector as "that part of the economy which uses reproducible capital and pays capitalists thereof". The use of capital is controlled by the capitalists, who hire the services of labour. It includes manufacturing
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Economy of Morocco


The economy of Morocco is considered a relatively liberal economy governed by the law of supply and demand. Since 1993, Morocco has followed a policy of privatization of certain economic sectors which used to be in the hands of the government. Morocco has become a major player in African economic affairs, and is the 5th largest African economy by GDP (PPP). The World Economic Forum placed Morocco as the 1st most competitive economy in North Africa, in its African Competitiveness Report 2014-2015. The services sector accounts for just over
19610911
Ugandan Americans


is significative the use of Luganda Ugandan language in the community). Refugees who lived in rural areas, however, find American culture is very different from what they left behind. Recent statistics indicate that these Ugandans have become the country's biggest contributors to the economy, amounting to US$1 billion in annual remittances. North America has become home to many Ugandans. The Ugandans accomplished the goals that brought them to the US or Canada. This has prompted them to forge solidities, associations, clubs and brotherhood to foster unity and
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Transformation in economics


of “basic income”, independent of employment, is being considered e.g. in Switzerland. US economy has exploited (from employment share viewpoint) all three productive sectors. There is no new sector lurking in the offing: qualitative transformation is taking place. Less developed economies still have time left, some still have to industrialize and some still have the services to expand. But the US economy is now the harbinger of the things to come, the role model for others to follow or reject, but hardly ignore. For the
2697907
Racial steering


will thrive if the ethnic composition of the neighborhood does not change. Racially segregated neighborhoods have what are called ethnic economies. An ethnic economy is defined as an "immigrant or minority business and employment sector that coexists with the general economy". Smith argues that an ethnic economy helps in several ways. First, it provides jobs for all able–bodied family members. Second, it has been shown that ethnic economies provide more opportunities for homeownership. Finally, the ethnic infrastructure that is built up, will allow for future growth
7205858
Economy of Brazil


which has averaged US$30  billion per year in recent years. The agricultural sector, locally called the "agronegócio" (agro-business), has also been dynamic: for two decades this sector has kept Brazil among the most highly productive countries in areas related to the rural sector. The agricultural sector and the mining sector also supported trade surpluses which allowed for massive currency gains (rebound) and external debt paydown. Due to a downturn in Western economies, Brazil found itself in 2010 trying to halt the appreciation of the
3229984
Economy


exchange, and consumption of goods and services as a whole are engineering, management, business administration, applied science, and finance. All professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving, and investment are variable components in the economy that determine macroeconomic equilibrium. There are three main sectors of economic activity: primary, secondary, and tertiary. Due to the growing importance of the economical sector in modern times, the term "real economy" is used by analysts as well as
20168933
Economy of Bangladesh


risk-based regulations and supervision by Bangladesh Bank. As of date, the banking sector consisted of 4 SCBs, 4 government-owned specialized banks dealing in development financing, 39 private commercial banks, and 9 foreign commercial banks. Bangladesh's information technology sector is growing example of what can be achieved after the current government's relentless effort to create a skilled workforce in ICT sector. The ICT workforce consisted of private sector and freelance skilled ICT workforce. The ICT sector also contributed to Bangladesh's economic growth. The ICT adviser
19418695
Public Contracts Scotland


a result of PCS. They appear both on PCS website and on YouTube. • Quickquote: Quickquote was the biggest development of year one. A facility to create online requests for competitive quotes for very low-value contracts where an advert is not required. • Third Sector alerts: This development allows potential suppliers in the third-sector to register and identify what category of third Sector they are e.g. supported factories and businesses, social firms and charities. It also alerts buyers to the possibility of reserving contracts for supported business.
6996212
Leora Klapper


a team of Elena Cirmizi, Caroline Giraud, and Douglas Randall to create a report documenting new business sector growth from 2004-2009 to give insight into factors that spur private sector growth across different economies. Like the Global Findex Database, this database was founded by Leora Klapper in 2004. The report measures entrepreneurial activity in 112 developing and high income economies to answer the following 4 questions: 1. How does firm creation vary around the world with the level of economic and financial development? 2. What is the relationship between
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Net output


other sectors and sells outputs to several other sectors. By identifying the quantities of inputs and outputs involved, we can estimate what the effect will be of fluctuations in business activity within one sector, or group of sectors on the economy as a whole. As mentioned, the calculation of net output requires a value theory, a way of grossing and netting, and techniques for aggregating the prices of transaction volumes in a consistent way. Obviously, there are many different ways of going about this, but normally a legal framework limits
6265181
Financialization


. In 1978, the financial sector comprised 3.5% of the American economy (that is, it made up 3.5% of U.S. GDP), but by 2007 it had reached 5.9%. Profits in the American financial sector in 2009 were six times higher on average than in 1980, compared with non-financial sector profits, which on average were just over twice what they were in 1980. Financial sector profits grew by 800%, adjusted for inflation, from 1980 to 2005. By way of comparison with the rest
8709499
Recession


families ran up during the Bush-era housing bubble...highly indebted Americans not only can’t spend the way they used to, they’re having to pay down the debts they ran up in the bubble years. This would be fine if someone else were taking up the slack. But what’s actually happening is that some people are spending much less while nobody is spending more — and this translates into a depressed economy and high unemployment. What the government should be doing in this situation is spending more while the private sector
5599630
Economy of Argentina


a radioactive isotope widely used in cancer therapy. The service sector is the largest contributor to total GDP, accounting for over 60%. Argentina enjoys a diversified service sector, which includes well-developed social, corporate, financial, insurance, real estate, transport, communication services, and tourism. The telecommunications sector has been growing at a fast pace, and the economy benefits from widespread access to communications services. These include: 77% of the population with access to mobile phones, 95% of whom use smartphones;
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