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What is Rio de Janeiro known for producing? Rio’s de Janeiro economy

What is Rio de Janeiro known for producing? Rio’s de Janeiro economy

Rio de Janeiro is located in Southeast of Brazil, being the smallest of the four states of the region. Despite being a small territory, it presents the third biggest population of Brazil and the second biggest GDP (9,7% of Brazilian National GDP!). However, what is Rio de Janeiro known for producing? Read the article until the end and find out.

rio-de-janeiro-estado

After the discovery of gold in Brazil, the Portuguese crown decided to change the capital of Brazil from Salvador to a closer place to the mines. That is when, in 1763, the capital changed from Salvador to Rio de Janeiro. The city was capital of Brazil up to 1960, when Brasilia, the current capital, was built.

The main oil source of the country lies in Rio de Janeiro, in Campos Basin. Petrobrás is the biggest company with its headquarters in the state, which is responsible for the biggest part of Brazilian production of oil and natural gas. Besides Petrobrás another companies with national relevancy stand out as BR Distribuidora, Vale, TIM, Oi and Rede Globo.

bacia-de-campos
Bacia de Campos – fonte: site de Petrobrás

In Industry, 8,7% of all Brazilian production comes from Rio de Janeiro and by the same time it is also responsible by approximately 18,6% of the GDP of the state. The main sectors of the industry of the state are: construction (22,6%) and natural gas and oil extraction (22,3%)

Agriculture has a secondary importance in the state of Rio de Janeiro. That is because the agricultural modernization did not achieve the countryside of the state and the agriculture sector lost its importance. Today, only 0,7% of Rio’s de Janeiro GDP comes from the sector. Even so, sugar cane keeps being the main agriculture product, followed by the orange.

Cana de Açúcar

The familiar agriculture is important in the state of Rio de Janeiro. There are 44.145 establishments that represent 75% of all the rural properties, being responsible for 58% of workstations in the field in this state.

The fishing industry, that once was the first in the country, today is the forth.

But you must be missing something in our text! When we think of Rio de Janeiro, its natural beauty and cultural events come to our minds. The beaches, hills and celebrations as carnival!  It is not for nothing that the tourism has huge economic importance for the state.

Rio de Janeiro capital is one of the main touristic destiny of the country and many cities are famous by its coast, as Cabo Frio, Buzios, Arraial do Cabo and Saquarema. Besides that the state also has cities with great history and architecture as Paraty and Vassouras, which preserves  a lot of the houses of Brazilian gold cycle (XVIII century) and coffee (XIX century), respectively. The mountain range (called serra Fluminense) also have big tourist frequency, especially in the winter months.

 

lagoa-azul-paraty

Of 15 thousand of Brazilians national tourist guides, 5 thousand are in Rio de Janeiro. Much more than a leisure activity, but an essential economic activity, in 2019 the tourism injected 14 billions at Rio’s de Janeiro economy, from the coffee at the airport to the hotel fees.

But not everything is good! Informal economy has great expressivity at local economy, symbolized by the street sellers. A huge problem that Rio de Janeiro faces is the violence, daily featured on the media.  Drug commercialization moves expressive portion of the economy, causing a decrease in the safety of the city, due to conflicts of drug dealers with the population, of users with the populations or dispute between the drug dealers.

If you want to know more about Rio, join our free walking tour of Rio de Janeiro! An entertaining, fun and with lots of content tour, where you will discover interesting information about Rio de Janeiro. The best? You decide how much you want to pay at the end!

 

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