Economy
São Paulo state is responsible for approximately one-third of Brazilian GDP. The state's GDP (PPP) consists of 550 billion dollars, making it also the biggest economy of South America and one of the biggest economies in Latin America, second after Mexico. Its economy is based on machinery, the automobile and aviation industries, services, financial companies, commerce, textiles, orange growing, sugar cane and coffee production. Minas Gerais is a growing state.
Read more about this topic: Southeast Region, Brazil
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)