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Which city in Brazil is considered its economic capital and why?
Wiki User
∙ 14y ago
São Paulo is the economic capital of Brazil because its financial center is the biggest and busiest in Brazil. The São Paulo Stock Exchange [Bolsa de Valores, Mercadorias & Futuros de São Paulo, BM&F Bovespa] is the official stock and bonds exchange for Brazil. BM&F Bovespa is the largest stock exchange in Latin America and the fourth largest in the Americas.
Over 60 percent of the international companies in Brazil are headquartered in São Paulo. It's the business center for Mercosul [Mercado Comum do Sul, Southern Common Market], a Regional Trade Agreement [RTA] to promote free trade among Argentina, Brazil, Paraguay, and Uruguay. In 2006 São Paulo's gross domestic product [GDP] equalled about one-eighth of Brazil's GDP.
Wiki User
∙ 14y ago
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