Economy
The industrial sector is the largest component of GDP at 69.9%, followed by the service sector at 26.5%. Agriculture represents 3.6% of GDP (2004). Amazonas exports: mobile phones 48.7%, others electronics 19.5%, motorcycles 7.7% (2002).
Share of the Brazilian economy: 2.6% (2005).
Amazonas' economy was once reliant almost entirely upon rubber; today it has wide and varied industries, including the farming of cassava, oranges, and other agricultural products.
Recently the Brazilian government is pursuing the development of industries whose main focus will be the exporting of consumer goods. Due to its geographical proximity to the markets in the northern hemisphere and Amazon countries, like Venezuela, they believe this move will have a great economic impact not only in the north region of Brazil but in the entire country.
Over the last decades, a system of federal investments and tax incentives have turned the surrounding region into a major industrial center (the Zona Franca of Manaus). The mobile phone companies Nokia, Sagem, Gradiente and BenQ-Siemens run mobile phone manufacturing plants in Manaus. Also, many other major electronics manufacturers such as Sony and LG have plants there. The plastic lens manufacturer Essilor also has a plant here.
Read more about this topic: Amazonas (Brazilian State)
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)