Five cities hold 25 percent of Brazil’s national wealth
December 15th, 2011 - 11:53 am ICT by IANSRio de Janeiro, Dec 15 (IANS/EFE) A quarter of Brazil’s wealth is concentrated in five cities that together represent less than 13 percent of the giant South American country’s population, a statistics agency said.
Those five cities - Sao Paulo, Rio de Janeiro, Brasilia, Curitiba and Belo Horizonte - combine with 46 other municipalities to account for 51 percent of Brazilian gross domestic product, according to an analysis by the IBGE statistics agency based on data from 2009.
Sao Paulo, the country’s largest city and financial capital, represented 12 percent of GDP, followed by tourist mecca Rio, with 5.4 percent, and Brasilia, with 4.1 percent.
Annual per capita GDP in Latin America’s largest economy was 16,918 reais ($9,000) in 2009. While the figure was higher among residents of 15 percent of Brazilian cities and towns, it was less than half the national average in nearly 50 percent of all municipalities.
The highest per capita GDP, 360,815 reais ($203,500), was in São Francisco do Conde, a city in the northeastern state of Bahia that is home to a major oil refinery.
São Vicente Ferrer, in the northeastern state of Maranhão, had the lowest per capita GDP in 2009: 1,929 reais ($1,000).
–IANS/EFE
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