Economy
The service sector is the largest component of GDP at 50.2%, followed by the industrial sector at 44.2%. Agriculture represents 5.6% of GDP (2004). Rio Grande do Norte exports: fish and crustacean 30.5%, fruits 19.3%, woven of cotton 12.3%, petroleum 10.8%, cashew 8.5%, sugar 5.3%, chocolate 3.9%, sea salt 3.7% (2002).
Share of the Brazilian economy: 0.9% (2004).
Historically, Rio Grande do Norte has relied upon sugar and cattle for its livelihood. However, since the 1980s, the state government has realised that tourism is a lucrative industry, and more money is being poured into the construction of tourist resorts, and restoring colonial buildings in major cities.
Fruit is also grown in Rio Grande do Norte, with the state supplying 70% of Brazil's melons, and the state is famed for its mango and cashew fields. The world's largest cashew tree is located in the state; it has a circumference of 500 centimetres and occupies an area of 7,300 cm², making it 70 times the size of average cashew trees. Rio Grande do Norte is also one of three Brazilian states that together produce the world's entire supply of carnauba wax.
Read more about this topic: Rio Grande Do Norte
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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)