Economy
The island supported a substantial whaling industry until 1980. The position of the island on the Mid-Atlantic Ridge means that deep water is very close. Active industries include tourism, shipbuilding and wine production. Landscape of the Pico Island Vineyard Culture has been a UNESCO World Heritage Site since 2004. It has several notable wines, that are commercialized in Portugal and exported abroad.
Read more about this topic: Pico Island
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)