Economy
Due to the Gothenburg's advantageous location in the centre of Scandinavia, trade and shipping have always played a major role in the city's economic history, and they continue to do so. Gothenburg port has come to be the largest harbour in Scandinavia.
Apart from trade, the second pillar of Gothenburg has traditionally been manufacturing, and industry which significantly contributes to the city's wealth. Major companies operating plants in the area include SKF, Volvo, and Ericsson. Volvo Cars is the largest employer in Gothenburg, not including jobs in supply companies. The blue collar industries which have dominated the city for long are still important factors in the city's economy, but they are being gradually replaced by high tech industries.
Banking and finance are also important trades as well as the event and tourist industry.
Gothenburg is the terminus of the Valdemar-Göteborg gas pipeline, which brings natural gas from the North Sea fields to Sweden, through Denmark.
Historically, Gothenburg was home base of the 18th century Swedish East India Company and were from the founding of the city until the late 1970s a world-leading city in ship building with shipyards as Eriksbergs Mekaniska Verkstads AB, Götaverken, Arendalsvarvet and Lindholmens varv.
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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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)