Although there is some light industry (most notably paper milling and beer brewing) most of the population is employed by the service sector. In 2001, the service sector and other tertiary industries generated more than three-quarters of the gross domestic product.
However, agriculture and other primary industries play a large role in Hokkaido's economy. Hokkaido has nearly one fourth of Japan's total arable land. It ranks first in the nation in the production of a host of agricultural products, including wheat, soybeans, potatoes, sugar beet, onions, pumpkins, corn, raw milk, and beef. Hokkaido also accounts for 22% of Japan's forests with a sizable timber industry. The prefecture is also first in the nation in production of marine products and aquaculture.
Tourism is an important industry, especially during the cool summertime when visitors are attracted to Hokkaido's open spaces from hotter and more humid parts of Japan and other Asian countries. During the winter, skiing and other winter sports bring other tourists, and increasingly international ones, to the island.
Read more about this topic: Hokkaido
Other articles related to "economy":
... The war furthered the decline of the Iranian economy that had begun with the revolution in 1978–79 ...
... During its history Quincy has been known as a manufacturing and heavy industry center, with granite quarrying dominating employment in the 19th century and shipbuilding at Fore River Shipyard and Squantum Victory Yard rising to prominence in the 20th century ... The recent decades have seen a shift in focus to several large employers in the financial services, insurance and health care sectors of the economy ...
... Theory of Employment Interest and Money that lower aggregate expenditures in the economy contributed to a massive decline in income and to employment ... In such a situation, the economy reached equilibrium at low levels of economic activity and high unemployment ... governments have to run deficits when the economy is slowing, as the private sector would not invest enough to keep production at the normal level and bring the economy out of recession ...
... Copper mining is an important part of the economy of Katanga province ... Cobalt mining by individual contractors is also prevalent ...
... Scotland has a western style open mixed economy that is closely linked with the rest of Europe and the wider world ... Traditionally, the Scottish economy has been dominated by heavy industry underpinned by the shipbuilding in Glasgow, coal mining and steel industries ... during the 1970s and 1980s saw a shift from a manufacturing focus towards a more service-oriented economy ...
Famous quotes containing the word economy:
“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 (18031882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (18971977)
“The counting-room maxims liberally expounded are laws of the Universe. The merchants economy is a coarse symbol of the souls economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (18031882)