Economy and Industry
The city's per capita GDP was of $10.853,00 in 2006. The service sector is responsible for the majority of the city's GDP. Nova Friburgo is noted for the manufacturing of female underwear and lingerie. Friburgo is known as the 'National Capital of Lingerie' for the size and variety of its production (around R$600 million). Local brands are beginning to compete in the international market (exports worth $4.6 million.) Other major industries include textile mills, metallurgic industries, tourism and floriculture (where it is the second largest producer of flowers in Brazil).
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“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
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