Jujuy Province - Economy

Economy

Jujuy's economy is moderately underdeveloped, yet very diversified. Its 2006 economy was an estimated US$3 billion, or, US$4,900 per capita (over 40% below the national average).

Jujuy is, despite its rural profile, not particularly agrarian. Agriculture contributes about 10% to output and the main agricultural activity is sugarcane. Its processing represents more than half of the province's gross production, and 30% of the national sugar production. The second agricultural activity is the tobacco, cultivated in the Southeaster valley, as a major national producer.

Other crops include beans, citrus and tomatoes, and other vegetables for local consumption. Cattle and goats are raised on a small scale, mainly for local dairies, and llamas, vicuñas and guanacos are raised in significant numbers for wool.

Manufacturing is more prominent in Jujuy than in some neighboring provinces, adding 15% to its economy. Jujuy is the second largest Argentine producer of iron, used by the Altos Hornos Zapla steel mill. Other industrial activities include mining for construction material, petroleum extraction at Caimancito, salt production from Salinas Grandes salt basin, and the paper production feed by the Jujuy's forests with 20% of the industrial product of the province.

The province has been served since 1967 by the Gobernador Horacio Guzmán International Airport.

Read more about this topic:  Jujuy Province

Famous quotes containing the word economy:

    War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
    Doris Lessing (b. 1919)

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)

    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)