Economy
Today the main economic activities are fishing, natural gas and oil extraction, sheep farming and ecotourism. Tourism is gaining importance and becoming an ever more important part of the region’s economy attracting increasing numbers of upmarket visitors. Much of the tourism is based on claims of "southernmost" things, for example both Ushuaia and Puerto Williams claim to be the southernmost city in the world. On the Argentine side of Tierra del Fuego the government has promoted the establishment of several electronic companies.
Energy production is a crucial economic activity. On the Argentine side of Tierra del Fuego during the 2005 to 2010 period, petroleum and natural gas extraction contributed to 20% of the region’s economic output.
Read more about this topic: Tierra Del Fuego
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)