Tocantins is one of the 26 states of Brazil. It is the newest state, formed in 1988 and encompassing what had formerly been the northern two-fifths of the state of Goiás. Tocantins covers 277,620.91 square kilometres and had an estimated population of 1,496,880 in 2014. Construction of its capital, Palmas, began in 1989; most of the other cities in the state date to the Portuguese colonial period. With the exception of Araguaína, there are few other cities with a significant population in the state. The government has invested in a new capital, a major hydropower dam, railroads and related infrastructure to develop this primarily agricultural area. The state has 0.75% of the Brazilian population and is responsible for 0.5% of the Brazilian GDP.