
Alagoas is one of the smallest states of North Eastern Brazil with an emerging and growing economy thanks to tourism and sugar cane production. The service sector industry is the largest GDP earner for the state at 55.8% closely followed by the industrial sector at 36.9%. The states GDP share of the Brazilian economy stood at 0.7% in 2004 but has since improved significantly. The Algoas economy has largely been Agricultural, mainly sugarcane plantations and tobacco farming that is done in the Arapiraca city. The local alcohol industry is in decline but the chemical products manufacture from the state has performed well with brine being pumped from wells in the outskirts of the Maceio city. Over the last two decades, the tourism sector has gradually risen in the Maceio city with notable transformations in the Maceio tourism sector. Famous for its pristine beaches and tourist attractions, the tourism sector in Maceio contributes a lot towards the economy of the Alagoas.
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About the Author: Investment destination Porto Velho - Investment Brazil