Economy
Misiones' economy, like most in northern Argentina, is relatively underdeveloped yet fairly well-diversified. Its 2006 output was estimated at US$4.8 billion (which shall be around US$7.2 billion in 2011, according to Argentina's economical growing) or US$4,940 per capita (around US$6,500 in 2011), over 40% below the national average.
Though its rainy, erosion-prone geography discourages intensive crop farming, agriculture makes an important contribution to the province's economy, adding about 10% to the total. Misiones' thick forests have long provided for the ample production of roundwood without excessive impact on its ecosystem. The principal exploited trees are the Paraná pine, Guatambú, Cedar, Petiribí, Incense, Cane water-pipe, Anchico, Eucalyptus and Gueycá.
Misiones' chief source of agricultural income, however, has long been the cultivation of yerba mate: Misiones is Argentina's leading producer (yielding about half a million tons, annually). Tea, citrus fruit and, in minor amounts, tobacco, sugar cane, rice and coffee are also cultivated in Misiones.
Light manufacturing and tourism also contribute to the local economy, each adding about 13% to the total.
Read more about this topic: Misiones 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)