Economy
The Economy of the Department of La Guajira is mainly based on the exploitation of mineral resources, such as coal in the Cerrejon mines, natural gas, salt mines in Manaure constituting 53.48% of the total revenues in 2005.
The service industry follows including electricity, gas, potable water, transport and communications, accounting for 11.06% of the total revenue. Education, health, community service and domestic services account for 9.60% of the total.
Agriculture, silviculture and fishing accounts for 7.99% of the total followed by commerce, hotel industry and restaurant industry which together account for 6.65% of the total revenues in the Department of La Guajira. In a lower scale public administration accounts for 5.47%, Construction for 3.01%, Real State with 2.21% and Industrial sector 0.52%.
Read more about this topic: La Guajira Department
Famous quotes containing the word economy:
“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)
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)