Economy
Chaco's economy, like most in the region, is relatively underdeveloped yet has recovered vigorously, since 2002. Its economy was estimated to be US$4.4 billion in 2006, or US$4,470 per capita (half the national average and the third-lowest in Argentina). Chaco's economy is diversified; but, its agricultural sector has suffered from recurrent droughts over the past decade.
Agricultural development in Chaco is linked to the quebracho wood, and the cotton production, which currently accounts for 60% of national production.
Agriculture accounts for an elevated 17% of output and includes crops such as soy, sorghum and maize. Sugar cane is also cultivated in the South, as well as rice and tobacco in lesser proportion.
Cattle consists of mixed races of Argentine cows with zebu, which adapt better to the high temperatures, grass shortage, and occasional flooding.
Industry contributes modestly to the economy (about 10%) and includes textiles (produced from local cotton), oil mills, and coal production, as well as sugar, alcohol and paper (all produced from sugar cane).
Chaco is home to the Chaco National Park, but tourism is not a well-developed industry in the province. The province's main airport, Resistencia International Airport, serves around 100,000 passengers annually.
Read more about this topic: Chaco Province
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)
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—Henry David Thoreau (1817–1862)
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—Henry David Thoreau (1817–1862)