Economy Of Galtür
Galtür has a modest but steady economy mostly dependent on agriculture and tourism. Galtür mostly makes money and finds work from tourism, which draws thousands of tourists annually who come to enjoy the ski area and health resort. Since it supplies goods and food for both the locals and the tourists, agriculture is the second most significant industry. In addition, Galtür offers a few modest stores, eateries, banks, and medical services.
Major Industries
Galtür’s principal industries are:
- Tourism – Tourist attractions include restaurants, pubs, stores, hotels, guesthouses, ski lifts, ski schools, and ski rentals. Eighty percent of Galtür’s overall income and seventy percent of its jobs come from tourism. Since tourism generates need and chances for new facilities and services, it is also the primary force behind Galtür’s growth and innovation.
- Agriculture, encompassing cow breeding, cheese making, dairy farming, and alpine pasture management. About 15% of the overall income and 20% of the total jobs in Galtür are related to agriculture. In Galtür, agriculture is also the primary defender of the environment and culture as it preserves the alpine farmers’ customs and the scenery.
Employment Landscape
Galtür’s unemployment rate of around 2% is lower than the 4.5% national average. First in employment is the tourist industry, then agriculture. Galtür has a per capita average income of almost 25,000 euros, which is higher than the 23,000 euro national norm. Galtür has an average weekly working hour count of forty, which is the same as the national average.
