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:
“It does not follow, because our difficulties are stupendous, because there are some souls timorous enough to doubt the validity and effectiveness of our ideals and our system, that we must turn to a state controlled or state directed social or economic system in order to cure our troubles.”
—Herbert Hoover (1874–1964)
“...I have never known a “movement” in the theater that did not work direct and serious harm. Indeed, I have sometimes felt that the very people associated with various “uplifting” activities in the theater are people who are astoundingly lacking in idealism.”
—Minnie Maddern Fiske (1865–1932)