Economy
The German part of the Ore Mountains is one of the major business locations in Saxony. The region has a high density of industrial operations. Since 2000, the number of industrial workers has risen against the Germany-wide trend by about 20 percent. Typical of the Ore Mountains are mainly small, often owner-managed, businesses.
The economic strengths of the Ore Mountains are mainly in manufacturing. 63 percent of the industrial workforce is employed in the metalworking and electrical industry.
Only of minor importance, is the formerly dominant textile and clothing industry (5 percent of industrial net product) and the food industry. Branches of the chemical, leather and plastic industries, together with those companies traditionally based in the Ore Mountains based - wood, paper, furniture, glass and ceramics works - each contribute about 14 percent of regional net product.
Mining, the essential historical basis of industrial development in the Ore Mountains, currently plays only a minor economic role on the Saxon side of the border. For example, in Hermsdorf/Erzgeb. in the Eastern Ore Mountains, calcite is mined, and near Lengefeld in the Central Ore Mountains, dolomite marble is extracted. For the first time in two decades, on 28 October 2010, an ore mine was opened in Niederschlag near Oberwiesenthal. It is expected that 50,000-130,000 tons of fluorspar per year will be extracted there.
In the Czech part of the Ore Mountains, tourism has gained a certain importance, even though the Giant Mountains are more important for domestic tourism. In addition, mining still plays a greater role, particularly in coal mining in the Ore Mountain foreland.
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Level of investment
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“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)
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