Economy
The service sector is the largest component of GDP at 59.9%, followed by the industrial sector at 27.2%. Agriculture represents 12.9% of GDP (2004). Tocantins exports: soybean 89.2%, beef 10.5% (2002).
Share of the Brazilian economy: 0.4% (2005).
As with much of Brazil, Tocantins' economy is dependent on cattle raising, though the state's pineapple plantations not only supply much of Brazil with the fruit, but also many other Mercosul nations with it too. In the state's north, charcoal and oils are extracted from the babaçu palm tree.
The federal government, seeking to broaden Tocantins' economic base by funding the construction of a hydroelectric dam in the state, allowed a private company to construct a sizable five-turbine hydroelectric dam, blocking the Tocantins river and displacing some indigenous inhabitants. However, its contribution to the state is indisputable - one turbine alone powers the entire state of Tocantins while the remaining four provide electricity which is sold to other parts of Brazil.
Read more about this topic: Tocantins
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)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)