Economy of São Paulo grows more than Brazil’s
SEADE (Sistema Estadual de Análise de Dados - State Secretary for Data Analysis) published a report today concluding that, upon examining data surveyed by the Brazilian Institute of Geography and Statistics, in the year of 2005 (latest data available), the Gross Product of the State of São Paulo grew more than the GNP of Brazil.
The Gross Product of São Paulo grew from R$ 643 billion in 2004 to R$ 727 billion in 2005, a growth rate of 3.6%; the Brazilian GNP grew, in the same period, by 3.2%.
The Services sector grew by 4.4%, with particular strenght in the Services for Corporations (6.6%) and Financial Services (5.1%). The Industrial sector grew by 2.1%. Constructions remained stable, and Agriculture shrank by 3.6%.
The Product of São Paulo grew to 33.9% of Brazil’s GNP in 2005, up from 33.1% in 2004. The graphs below shows that the GNP of São Paulo is bigger than all regions of Brazil (North, North East, South, West Center), except for the South East region, where São Paulo itself is located.
The same SEAD report revealed that the GNP per capita in the city of São Paulo is more than 50% bigger than the GNP per capita of Brazil. In the city of São Paulo, GNP p/c was R$ 17.977, and in Brazil it was R$ 11.568.
More information (in Portuguese): click here.