Economic sectors BUSINESS ENGLISH 1, 2009/10, PE6

Team: ELITEJosip Kovačić, Katarina Kovačić, Ivona Kovačić,

Martina Kulušić, Maja Kontek, Iva Krasić

Primary sector

A nation’s economy can be divided into various sectors to define the proportion of the population engaged in the activity sector

Continuum of distance from the natural environment

Starts with the primary sectorExtraction of raw materials from the earth

The primary sector includes:AgricultureMiningForestryFarmingGrazingHuntingGatheringFishingQuarrying

11%

WOOD PROCESSING AND WOOD PRODUCTS 48% of Croatian territory is

covered by woods and forestsincreased export of raw wood

and wood productsmost important export

markets:◦Germany◦ Italy◦France

more than 58% of product value is exported

Export and import of woods

FISHERY AND FISH PROCESSING

More than 1000 years of fishing tradition in Croatia

Traditional high-quality products from the Adriatic Sea

Secondary sector

finsihed, useable products: manufacturing & construction

primary sector output used to manufacture finished goods

Light industry:production of small

consumer goodsclothes, shoes, furniture, etc.less environmental impact"manufacturing activity that

uses moderate amounts of partially processed materials to produce items of relatively high value per unit weight".

Heavy industry:production of products

which are either heavy in weight or their production…

…makes a larger environmental impact

…requires large buildings, chemical plants, cranes, budozers, etc.

33%

Secondary sector in Croatia

Manufacturing: 1/5 of GDP, 1/4 of work force

Construction: 5,7% of GDP

50%44%

6%

Croatian secondary sector

mining and extractionmanufacturingelectricity, gas and water

Shipbuilding industrypresent on the

world market for almost half a century

works almost exclusively for foreign shippers

there are 7 big, 14 middle-sized and 352 small shipyards

World Order Book (April 30, 2008)

COUNTRY

NUMBER of ships1. China 3.186

2. Korea (South) 2.277

3. Japan 1.411

4. Turkey 265

5. Vietnam 255

6. Philippines 114

7. Romania 77

8. Taiwan 67

9. Croatia 49

10. Brazil 36

Tertiary sector

The tertiary sector of the economy is the service industry.

This sector provides services to the general population and to businesses.

Services- "intangible goods"

In most developed and developing countries, a growing proportion of workers are employed in the tertiary sector.

Banking insurance

transport and distribution

communications advertising retailing social services

tourism trade education

Tertiary sector in Croatia

55%

slow growth in tertiary sector(only 55%)-resulted by the late privatisation and underdevelopment

Most important services:international trade and tourism

Growth of the tertiary sector

Tourismnotable source of incomewith over 10 million foreign tourists per

yearmany tourist destinationsCroatia is ranked amongst the top 20

most popular tourist destinations in the world