Economy
The service sector is the largest component of GDP at 73.2%, followed by the industrial sector at 21.6%. Agribusiness represents 5.2% of GDP (2006). Pernambuco exports: sugar 35.6%, fruit and juice 12.6%, fish and crustacean 12.3%, electric products 11.1%, chemicals 7.1%, woven 5.6% (2002).
| Primary sector | % | Secondary sector | % | Tertiary sector | % | Taxation | GDP | growth | GDP PC R$ | growth |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.474 | 5.2% | 10.316 | 21.6% | 34.872 | 73.2% | 7.843 | 55.505 (100%) | 5.1% | 6.528 | 10% |
According with IBGE, in 2007 Pernambuco has 2.34% share of the Brazilian economy and 17.9% share of the Northeast region economy. It's the 2nd largest economy of the Northeast and 10th of the whole country. The GDP for the state was R$ 62,255,687,000 (2007), and the per capita income was R$ 7,337.
The economy is based on agriculture (sugarcane, manioc), livestock farming and creations, as well as industry (alimentary, chemical, metallurgical, electronic, textile). The state has the second biggest industrial output of the Northeast, just behind Bahia. In the period of October 2005 to October 2006, the industrial growth of the state was the second biggest in Brazil – 6.3%, more than double the national average in the same period (2.3%). Another segment that deserves to be highlighted is mineral extraction. The pole gesseiro of Araripina is the supplier from 95% of the plaster consumed in Brazil. The pole of data processing of the Recife, Digital Port, despite having started in 2000, is one of the five biggest in Brazil. It employs around three thousand persons, and has 3.5% the GDP of the state.
Read more about this topic: Pernambuco
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“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)