The 2001 Portuguese census identified a population of 5575 residents active in the workforce; 42.7% are employed: 85.5% as workers and 5% owners/proprietors, while the remainder pertain to unclassified classes, homemakers or active members of the local cooperative. The census further concludes that 848 companies (private or public) have headquarters in the municipality, equivalent to 4.8% of the Azores, and showing a 26.4% increase between 2001 and 2004. These companies are primarily construction firms, but also include gross and domestic retail, repair (automobile, motorcycle or domestic goods), although agriculture is the primary economic beneficiary. Between 2001 and 2004, activities in agricultural production, livestock, hunting and forestry have seen a 48.4% growth between 2001 and 2004.
The tertiary sector is the primary employer in the municipality; 58.5% of the population identify themselves as public servants, accounting for a 17.8% growth (2001–2004), while hotelier and restaurants show a 44.2% growth during the same period. Recently, Lagoa has developed a tourist infrastructure associated in character with its historic past, but primarily its resort centers (for example, Caloura, in Água de Pau), bays, coves and beaches (such as Baixa d´Areia), traditional farms and older buildings (like the old monastery of Vale de Cabaços, commonly known as the Convento da Caloura) have attracted new visitors. Hotels and associated bed & breakfast-type residencias are common, with the 4-star Caloura Hotel Resort the primary tourist destination.
Read more about this topic: Lagoa (Azores)
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kindno matter how ultimately profitable or otherwise successful some of them might prove to bethere is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (18121870)