Business in Rio de Janeiro (Brazil)

Description: Foreign Trade and Business in Rio de Janeiro

Rio de Janeiro is the capital of the State of Rio de Janeiro, the second largest city in Brazil (6.3 million people), and the third largest metropolitan area in South America.

1. Rio de Janeiro is the fourth richest city in Latin America (behind Mexico City, São Paulo, and Buenos Aires)
2. Rio de Janeiro represents the second largest gross domestic product in Brazil (30th largest in the World)
3. Rio de Janeiro holds the first position in Latin America in attracting the Foreign direct investment (FDI) (Financial Times)
4. Rio de Janeiro ranks second in Brazil in the industrial production and the second financial and service centre
5. Top sectors of the economy of Rio de Janeiro are processed foods, chemicals, petroleum products, pharmaceuticals, metal products, Shipping, textiles, clothing, and furniture
6. The state of Rio de Janeiro is the largest petrol manufacturer in Brazil and one of the largest steel producers
7. 50% of the BOVESPA market capitalisation is from the companies whose headquarters are in Rio de Janeiro
8. Rio de Janeiro is an important financial and logistics hub in Brazil (five ports and three airports
9. The largest entertainment and media companies are in Rio
10. The largest international pharmaceutical companies have their Brazilian headquarters in Rio de Janeiro
11. Rio de Janeiro host some major world events: FIFA World Cup; in 2015, Rio 450th birthday; in 2016, the Olympic and Para Olympic Games
12. Office of the World Intellectual Property Organisation (WIPO)

Petrobras is the leader in petrol industry in Brazil; they have expanded their operations aiming to be among the top five integrated energy Companies in the World by 2020. The business plan foresees investments in the order of 174 billion dollars. Petrobras is the third largest energy company in the World.