Destination Porto Alegre – Invest in Brazil
Destination Porto Alegre Invest in Brazil
Porto Alegre is the 10th most populated metropolis in Brazil and the capital of the Brazilian state of Rio Grande do Sul. It is a significant political, economic and cultural center in the southern part of Brazil and the country's fourth largest metropolitan area. It has a port that has been vital in handling of cargo from the area whose economy largely bases on the Agricultural and industrial sectors. In the Agricultural sector, production includes items such as plums, peaches, rice and cassava that are grown in the rural areas of the state on small farm holdings. The shoe and leather industry is as well significant, particularly in the area around Novo Hamburgo found in the Metropolitan Alegre. Additionally, the city is also Brazil's center for its third largest telecommunications network, the Brazil South Network Group (Grupo RBS) and one of the forefront education establishments such as the Federal University of Rio Grande do Sul.
Port Alegre has a thriving tourism industry with major attractions like the Mario Quintana Cultural Center that is a tourist magnet. Its economy is the 7th largest economy I Brazil and the fastest growing too. Most immigrants from the other regions of the Country have been attracted to the city for jobs in Southern Brazil's most important industrial sector. When compared to other cities in Latin America, Port Alegre distinguishes itself as one of the wealthiest cities in the continent with a GDP of more than R$30 billion, comparable to that of countries like Uruguay and Paraguay's combined GDP. Its per capita income stands at R$20,900 with almost 24% of its economy being reliant on the services sector tat comprises about 64% and the industrial sector makes up about 29%.
The services industry in Port Alegre comprises industry sectors such as computers, health, education and tourism. Main industries in the region include shoes, petrochemicals, automobiles and the assembly of computer components but the region has also produced tobacco given its vast pastures, livestock farming is also practiced. However, the city has also had success stories in other areas of industry such as food stuff, wool and metal working with its unemployment being pegged at a low 7% when compared to other cities In Brazil. As a major river port, the city exports products of the rich agricultural and pastoral hinterland through its modern shipyard, meatpacking plants, foundries and varied processing industries and assembly plants.
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