Economy
Salta's economy is relatively underdeveloped, yet diverse. Its economy in 2006 was estimated at US$5.1 billion (which shall be around US$8 billion in 2011, according to Argentina's economical growing), or, US$4,760 per capita (around US$6,600 in 2011), 45% below the national average.
Agriculture and its derived industries are still an important activity in the province, adding over 10% to output. Tobacco, sugar cane and viticulture are the most important and produce most of the exports from the area. Other crops mostly for local consumption are maize, beans, citrus, bananas, and tomatoes. The sugar cane is processed in plants in Salta before it is sent to the rest of Argentina and other countries. The plant in San Martín de Tabacal is the most important of them. The famous wines of the Valles Calchaquíes region near Cafayate are produced in numerous vineyards of diverse sizes (mainly Torrontés, Malbec and Cabernet Sauvignon).
Gas and petroleum from the Tartagal, Aguas Blancas, Madrejones and Campo Durán centres is transported to Buenos Aires and Rosario by pipes. Campo Durán also has an oil refinery located in the province. In all, manufacturing plays a significant role in Salta, adding 20% to the economy. Mining includes uranium at Iruya, La Poma and San Carlos.
American breeds of cattle are raised only on the humid sub-tropical east, along with some sheep and goats.
Read more about this topic: Salta Province
Famous quotes containing the word economy:
“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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)