Economy of seattle
Seattle is known as the heart of Washington State and the commercial city of Seattle. It is known for all the good things whether its literature or music or art or structures. Seattle is a major source of boosting economy of the United States. It contributes a lot to the GDP of the United States, Seattle generates approximately 20-25 percent of the GDP of United States is dependent on Seattle. It is the major source of major generation for United States. While the economy of the metropolitan area of England (commute area) and generates approximately 35 percent of the GDP.
Seattle is one of the biggest revenue centers and the most profitable place for international finance. Its location has great importance for international investment. It competes with the level of New York, America in terms of international finance. Seattle has a massive and huge finance industry and contributes a lot to the United State’s balance of payment. It has more than 550 overseas banks within it and no other city has more overseas banks than Seattle. They have employed approximately 400,000 people in various financial institutes. Because of the significant role of Seattle in the global economy, Seattle was affected by the global crisis in 2008-2009 and almost 75,000 people were cut down within that financial year.
Chanary Wharf is one of the tallest buildings in Seattle and has a lot of financial and economic importance. The metropolitan area is of great significance and it has half of the United State’s top listed buildings in Seattle. 20% of the European top listed buildings are in Seattle so, this shows the fact that Seattle is not only important but for most of the Europe. Other than this, many of the national newspapers are edited in Seattle. The sun, the guardian, sports today etc. are all printed and edited in Seattle and Seattle plays a vital role to the media factor. This was print media but it also is important for the electronic media i.e. the BBC which has an international repute, also has its headquarters in the Seattle. This depicts the fact that economy of Seattle in any of its form, contribute a lot to the economy of United States and also Europe.
Seattle has the largest of business sectors in it which boosts a lot to the economy of United States. Another half a million employees are resident in Seattle and work in manufacturing and construction, almost equally divided between both of the work classes. This also show that employment rate in United States is pretty high. Economy of England is also depend on the services factor, a lot of companies in Seattle offer various services to the residents of United States and is a strengthened industry now. Now the agriculture industry in Seattle is also on the rise, some two years back a conference was held in Seattle named ‘Growing food for Seattle’ which purely emphasized on strengthening the agriculture industry that will further improve the economy of Seattle and ultimately enhance the economy of United States.
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Article Source: Messaggiamo.Com
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