Economy
Alagoas is one of the poorest states of Brazil. The service sector is the largest component of GDP at 55.8%, followed by the industrial sector at 36.9%. Agriculture represents 7.3%, of GDP (2004). Alagoas exports: sugar 58.8%, alcohol 29.4%, chemicals 9%, tobacco 2.1% (2002).
Share of the Brazilian economy: 0.7% (2004).
The economy has been agricultural, dependent largely on large sugar cane plantations with some tobacco farming that is concentrated around the city of Arapiraca. Sugar cane formed the basis for an alcohol industry that is in decline. Small to medium sized tanker ships took alcohol on board in Maceio's port with considerable frequency during the peak period. Such loads still take place with less frequency. Another local industry is based on chemical products from brine pumped from deep wells on the outskirts of Maceió.
In the last twenty years the tourist industry has found the beaches and Maceió itself has changed from a rather sleepy little port with coconut palm plantations along its beaches to high-rise hotels. The northern coast, particularly around the towns Maragogi and Japaratinga is beginning to see some of this development in the form of resorts attracting people from the south and from Europe. There is considerable European investment (as of 2007) in beach property north of Maceió with walled compounds of beach homes.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)