Economy
Chubut's economy, for a long time one of the most prosperous in Argentina, is one of the country's least diversified. Its 2006 output, estimated at US$4.7 billion, is made up in almost a fourth by mining and petroleum. This sector's contribution (mostly centered around Comodoro Rivadavia) helped give Chubut the nation's fourth-highest per capita output in 2011, US$25,250. Petroleum refining is the main economic activity of the province, with 13% of Argentine oil production (mostly off-shore). 21% of the nation's fish catch is produced by Chubut.
Sheep ranching, though less than half as productive than as recently as 1990, remains important at the local level. The advent of synthetic replacements to wool after World War II battered the sector, further decimated by Argentina's political instability and natural disasters. Wool production has risen since 2002, however, and totaled 71,000 tons in 2006.
Read more about this topic: Chubut Province
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