Economy
Traditionally the city's economy had depended almost entirely on the sugar cane industry. Since around the 1950s, however, the town's economy has diversified and today its economy revolves around a mixed-industry manufacturing sector, retail, and tourism. The building of a mega port, anticipated to be completed in 2012, is expected to add significantly to the area's economy. Agriculture, retail, and services are also significant players in the local economy. "It is an agricultural, trade, and distribution center. Industries include tourism, the processing of agricultural products, rum distilling, canning, and diamond cutting. Manufactures include textiles, shoes, cement, paper, electrical devices, and metal products." The city, though, suffers from an unemployment rate that hovers around the 15 percent mark.
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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)