Sergipe - Economy

Economy

The industrial sector is the largest component of GDP at 53.9%, followed by the service sector at 39.1%. Agriculture represents 7% of GDP (2004). Sergipe exports include: orange juice 66.1%, urea 20.8%, leather and footwear 4.6%, woven goods 2.3%, other types of juices 2% (2002).

Sergipe's share of the Brazilian economy: 0.7% (2004).

Sergipe's economy is focused around the production of sugarcane, and the enormous sugarcane fields, which draw upon the wet and fertile soil, produce over 1.4 million tons of sugar annually. Unlike the situation in many other Brazilian states, cattle is not a major industry, as the land area of the state prevents large-scale grazing. Along with sugarcane, cassava (617,400 tons annually) and oranges (14.4 million oranges annually) are grown. A small-scale leather and textile industry also exists.

The Brazilian federal government is also encouraging the development of a fledgling petroleum and natural gas industry.

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