Industry Facts



  • Primary industries are based on collecting natural resources. They include farming, forestry, fishing, mining and quarrying.
  • Things made by primary industries are called primary products or raw materials.
  • Primary industries dominate the economies of poorer countries. Copper is 80 percent of Zambia’s exports.
  • Primary products are much less important in developed countries. Primary products earn 2 percent of Japan’s GDP.
  • Secondary industry is taking raw materials and turning them into products from knives and forks to jumbo jets. This is manufacturing and processing.
  • Tertiary industries are the service industries that provide a service, such as banking or tourism, not a product.
  • Banking is one of the most important service industries. The biggest and most powerful banks are worth billions of pounds.
  • Nearly every country in the world is becoming more and more industrialized. New industries include services like banking rather than traditional manufacturing.
  • Tertiary industry has grown enormously in the most developed countries, while manufacturing has shrunk.
  • `Post-industrialization’ means developing service industries in place of factories.
  • Tertiary industries include internet businesses.
  • More than 70 percent of the UK’s income comes from tertiary industry.