Economy
As of the 2007–08, Mackay contributed $15.4 billion to the Australian economy, or 7.1% of Queensland's GSP. This is largely on the back of its export-oriented industries of sugar and mining.
Mackay is famous for its history as one of Australia's largest cane farming regions. However, in recent years, the mining industry has become the mainstay of the local economy. Heavy investment and planning is also going into Mackays growing tourism industry.
Read more about this topic: Mackay, Queensland
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)