Economy
The coast is Oregon's top tourist destination. In the mid 1980s, the coast's economy was dependent on natural resources. Limits placed on logging and fishing caused further decline. As of the late 2000s, tourism and retirement have provided economic growth. As of 2006, roughly 210,000 people live on the Oregon Coast. The economy is still dependent on natural resources, but the largest contributions to personal income are retirement based and "unidentified". The top three industries are timber, fishing, and tourism. The coast is poorer than the state average, with average income per capita $24,112 vs. $32,812.
Read more about this topic: Oregon Coast
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)