Economic Activities
The economy is based on services, industry and some agriculture. The GDP in 2005 was R$2 billion 800 million, with 1 billion 120 million from services, 1 billion 250 thousand from industry, and 17 million from agriculture. There were 824 transformation industries in 2005 with 15,000 workers. Heavy industry was important with 23 factories producing mainly pig iron. There is an Iveco-Fiat plant, which opened in 2001, that produces trucks and vans.
Read more about this topic: Sete Lagoas
Famous quotes containing the words economic and/or activities:
“Weapons are an important factor in war, but not the decisive factor; it is people, not things, that are decisive. The contest of strength is not only a contest of military and economic power, but also a contest of human power and morale. Military and economic power is necessarily wielded by people.”
—Mao Zedong (1893–1976)
“When mundane, lowly activities are at stake, too much insight is detrimental—far-sightedness errs in immediate concerns.”
—Franz Grillparzer (1791–1872)