The
service sector is the largest component of
GDP at 40.9%, followed by the
industrial sector at 36.3%.
Agriculture represents 22.8% of
GDP (2004). Pará exports
iron ore 31.1%,
aluminium 22.2%,
wood 13.5%,
ores of
aluminium 8.3%, others
ores 7.9% (2002), representing 1.8% of the Brazilian economy (2005). The mining sector represents 14% of the
gross domestic product (
GDP) of the state, originated mainly from the extraction of
iron,
bauxite,
manganese,
limestone and
tin, as well as gold, until recently extracted from one of the largest
mines of recent history:
Serra Pelada. The economy of Pará is based also on the extraction of vegetation, on
agriculture and cattle raising. Thanks to the rich
soil and the important hydrographic basin – boats are the main means of
transport in the region.
Guaraná, a tree from which a powder is produced and used as a stimulant, and annatto seeds, a
fruit used for cooking, as a sunscreen and for dye extraction.
Marajó – the biggest fluvial-maritime island in the world, with an area of . Its territory has one of the largest mining areas in the country, in the
Carajás Mountains, a mining province where the
Ferro Carajás Project is based, from Companhia
Vale do Rio Doce. The complex produced 296 million metric tons of iron ore in 2007, exporting the product to many countries, among them
Japan, Germany,
Italy, France and Spain. Pará is the largest producer of
cassava,
açaí,
pineapple coconut (3rd place) and
banana (6th place). In
cassava production, Brazil produced a total of 17.6 million tons in 2018. Pará was the largest producer in the country, with 3.8 million tons. Pará is also one of the largest Brazilian producers of
coconut. In 2019, it was the 3rd largest producer in the country, with 191.8 million fruits harvested, second only to Bahia and Ceará. In the production of
cocoa, Pará has been competing with
Bahia for the leadership of Brazilian production. In 2017 Pará obtained the leadership for the first time. In 2019, people from Pará harvested 135 thousand tons of cocoa, and Bahians harvested 130 thousand tons. Bahia's cocoa area is practically three times larger than that of Pará, but Pará's productivity is practically three times greater. Some factors that explain this are: the crops in Bahia are more extractivist, and those in Pará have a more modern and commercial style, in addition to paraenses using more productive and resistant seeds, and their region providing resistance to
Witch's broom. In 2018, Pará occupied the 6th national position in the
banana production. In 2018, Pará had the 5th largest
cattle herd in Brazil, with 20.6 million head of cattle. The city of
São Félix do Xingu is the largest in the country, with 2.2 million animals. Marabá is the 6th largest city in the country in numbers, with 1 million animals. In the ranking of the 20 main herds, Pará has seven names. Part of this is due to the fact that the municipalities of Pará have gigantic territory. In 2017, in the
iron ore sector, Pará was the 2nd largest national producer, with 169 million tons (of the 450 million produced by the country), at a value of R$25.5 billion. In
copper, Pará produced almost 980 thousand tons (of the 1.28 million tons in Brazil), at a value of R$6.5 billion. In
aluminum (
bauxite), Pará carried out almost all Brazilian production (34.5 of 36.7 million tons) at a value of R$3 billion. In
manganese, Pará produced a large part of Brazilian production (2.3 of 3.4 million tons) at a value of R$1 billion. In
gold, Pará was the 3rd largest Brazilian producer, with 20 tons at a value of R$940 million. In
nickel, Goiás and Pará are the only two producers in the country, with Pará being the 2nd in production, having obtained 90 thousand tons at a value of R$750 million. In
tin, Pará the 3rd largest producer (4.4 thousand tons, at a value of R$114 million). Pará had 42.93% of the value of commercialized mineral production in Brazil, with almost R$38 billion. Due to the proximity of the iron ore mines,
Siderúrgica Norte Brasil (Sinobras) was created in
Marabá. In 2018, the company produced 345 thousand tons of crude steel, of the 35.4 million produced in the country. Pará had in 2017 an industrial GDP of R$43.8 billion, equivalent to 3.7% of the national industry. It employs 164,989 workers in the industry. The main industrial sectors are: Extraction of metallic minerals (46,9%), Industrial Public Utility Services, such as Electricity and Water (23.4%), Construction (14.8%), Metallurgy (4.3%) and Food (4.3%). These 5 sectors concentrate 93.7% of the state's industry. == Infrastructure ==