Santa Catarina, is a state in southern Brazil. According to the Index of Economic Well-Being calculated between 2002 and 2008, Santa Catarina was the Brazilian state that revealed the highest economic well-being in relation to the others. Its capital is Florianópolis, which mostly lies on the Santa Catarina Island. Neighbouring states are Rio Grande do Sul to the south and Paraná to the north. It is bounded on the east by the Atlantic Ocean, and to the west it borders the province of Misiones, Argentina. Most of its inhabitants are descendants of Portuguese, Danish, Dutch, German, Italian and Norwegian immigrants.