Economic map of the Province of Jujuy, Argentina
Jujuy's economy is moderately underdeveloped, yet very diversified. Its 2006 economy was an estimated US$2.998 billion, or, US$4,899 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 tobacco, cultivated in the Southeastern 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 fed by the Jujuy's forests with 20% of the industrial product of the province.