REYKJAVIK CITY
Iceland
Reykjavik is the capital and largest city of Iceland. The name Reykjavík means “bay of
smokes.” It refers to the steaming-hot water that spouts from the ground at nearby hot springs.
Location: Reykjavik is located on the southwestern coast of Iceland, overlooking the North
Atlantic Ocean. It is situated on the Reykjanes Peninsula, surrounded by mountains and scenic
landscapes..
ECONOMY OF REYKJAVIK
Renewable energy has played a significant role in boosting the economy of Reykjavik, Iceland.
Iceland has been a pioneer in transitioning from traditional energy sources to renewables, and it
serves as a model for the world in sustainable energy practices. These two renewables energy,
geothermal energy and hydropower energy, are already run the economy of Reykjavik.
ALUMINIUM INDUSTRY
The aluminium industry plays a significant role in Reykjavik and Iceland's economy. The
industry employs around 1,500 people, with salaries amounting to 19 billion ISK. Including
contractors, this equates to about 500 full-time equivalent employees, creating overall about
5,000 jobs.
TECHNOLOGY AND INNOVATION
Reykjavik is also known for its thriving tech industry, with many startups and tech companies
based in the city. This sector is a growing source of income for the city.
FILM INDUSTRY
The. City offers incentives to foreign investors in certain industries, including the film industry.
The country's unique landscapes and natural beauty have made it a popular filming location for
international productions, attracting foreign investment in film production and related services.
According to Statistics Iceland, the operating revenue of the film industry increased from ISK 12
billion in 2012 to ISK 27.8 billion in 2021. This represents a growth of ISK 15 billion over a
ten-year period.
FISHING INDUSTRY
Reykjavik was located near North Atlantic Ocean and has abundant marine resources, and
fishing plays a crucial role in the country's economy. The fishing industry contributes to
employment, exports, and overall economic growth in Reykjavik.
TOURISM
The city has experienced a surge in tourism in recent years, attracting visitors from around the
world to explore its unique landscapes, natural wonders, and vibrant culture.
Some famous tourist spot in Reykjavik are Hallgrímskirkja, Harpa Concert Hall, Perlan, Mount
Esja, Hvalfjörður (Whale Fjord)/ Glymur Waterfalls
LISBON CITY
Portugal
It is known for its charming old neighborhoods, colorful architecture, old-fashioned trams,
delicious food, and rich history.
THE ECONOMY OF LISBON CITY
The Lisbon region has a higher GDP PPP per capita than any other region in Portugal. Its GDP
PPP amounts to US$179 billion and thus $61,713 per capita.
SERVICE SECTOR
The service sector is extremely important to Portugal's economy, accounting for more than three-
fifths of total output. Tourism has surged to become a major industry, and millions of people
visit Portugal annually. Notable tourist destinations include Lisbon, the Algarve, and the Douro
valley.
TOURISM
Tourism significantly boosts Lisbon's economy by generating revenue, creating jobs across
various sectors, and driving infrastructure development. It also preserves cultural heritage,
supports small businesses, and stimulates related industries. This economic impact underscores
tourism's crucial role in fostering growth, enhancing local livelihoods, and shaping the city's
identity and prosperity.Top of Form
MANUFACTURING
Manufacturing in Lisbon City is an important part of its economy, although it's not as big as
tourism or finance. Lisbon makes things like clothes, electronics, and car parts. Its location near
the port helps with shipping, and there are skilled workers available. Lisbon is also investing in
new technologies, like renewable energy and biotechnology, to keep its manufacturing
competitive. Overall, manufacturing adds to Lisbon's economy and helps create jobs.
ALUMINOS CITY
Philippines
Alaminos city also known as "Home of the 100 islands" is a 4th class component city in the
province of pangasinan. Situated at approximately 16°9' North, 119°59' East, in the island of
Luzon and estimated at 18.2 meters or 59.8 feet above mean sea level. It has a land area of
16,426 hectares ( constitute 3.01% of pangasinan total area) with a population of 99,397
according to 2020 census and also have 39 barangays. Sarapsap is the previous name of the city
and it was renamed in Honor of Juan Alaminos Y Vivar a Spanish Governor-General of the
Philippines since 1873-1874.
Year 2001, with the desire to he more progressive, a Republic act 9025 also known as " an act
converting the municipality of Alaminos province of pangasinan into a component city to be
known as the city of Alaminos" was passed in the congress and it was signed by former President
Gloria Macapagal Arroyo on march 5, 2001. The city is still heavily reliant on agriculture,
despite of being popular destination of tourist, with 53% of its inhabitants engaged in agriculture.
The annual regular revenue of the city for the fiscal year of 2016 was ₱477,774,464.01.
Alaminos is also the heart of western pangasinan, its center of commerce, education, finance ,
industry and services.
Year 2019, the city was able to attract domestic and international tourists in excess of 500,000,
thanks to its famous Hundred islands the very first National Park in the Philippines and
Alaminos city's savory longganisa. Other tourist attractions and business that helps the economic
growth of the city are : Alaminos Bued Mangrove Forest Park, Bamboo Paraiso and Bolo Beach,
Pilgrimage island, Saint Joseph the Patriarch, Lucap Wharf, Caves, salt mine, E-kawayan
Factory, Nepo Mart, and they also encourage mushrooms productions.
NEW DELHI
India
New Delhi, the capital of India, has a diverse and vibrant economy. It is the 13th largest among
states and union territories of India. The Nominal Gross State Domestic Product (GSDP) of the
National Capital Region (NCR) was estimated at 272.603 Billion, and the Nominal GSDP of the
National Capital Territory (NCT) of Delhi for 2022-23 was estimated at ₹ 10.83 lakh crore
(US$140 billion), recording an annual growth of 8.1%.
SERVICE SECTOR
The tertiary sector, also known as the service sector, is the dominant sector in New Delhi's
economy. In the fiscal year 2020-21, the tertiary sector contributed 85% to Delhi's Gross State
Domestic Product (GSDP). These include construction, power, health, community services,
retail, and real estate.
SECONDARY SECTOR
The secondary sector, also known as the industrial sector, plays a significant role in New Delhi's
economy. In the fiscal year 2020-21, the secondary sector contributed 12% to Delhi's Gross
State Domestic Product (GSDP).
Manufacturing: Delhi has a significant manufacturing sector, with industries involved in textiles,
garments, electronics, automobiles, chemicals, and more.
PRIMARY SECTOR
The primary sector, which includes agriculture, forestry, fishing, mining, and quarrying,
contributes a relatively small portion to New Delhi's economy. In the fiscal year 2020-21, the
primary sector accounted for 3% of Delhi's Gross State Domestic Product (GSDP).
TOURISM
Tourism plays a significant role in generating income for New Delhi. The city attracts a large
number of domestic and international tourists, contributing to its economy. These include India
Gate, Jama Masjid, Swaminarayan Akshardham, Lotus Temple and National Zoological Park
Delhi.
