Tuesday, January 23, 2018

Retail trade paulistano must earn R bi $224 in 2018

On 25 January, the city of São Paulo 464 years full with a new perspective of upturn. Responsible for 11% of GDP (gross domestic product) and 34% of the State of São Paulo, with R $651 billion, according to data of IBGE, 2015 the city follows as Brazil's most important economy.
According to the projection of PCCV (Economic Survey of retail sales) established by FecomercioSP (Federation of trade in goods, services and tourism of the State of São Paulo), São Paulo retail sales should grow 3.6 percent this year, reaching $224 billion, R about R $7100 per second.

According to calculations of the Federation, in the conversion to the dollar for the year 2015 (R $3.34 for each dollar, according to the Central Bank) São Paulo GDP reaches $ $194.9 billion, i.e. If São Paulo were a country, position yourself as the 49th largest economy in the world , equivalent to the size of Greece. This position is not only better given the strong devaluation of the real in front of the dollar throughout 2014 and 2015, just over 40%.

It is worth noting that the GDP of the city of São Paulo is twice higher than the runner-up, Rio de Janeiro (R $320 billion) and is only $ $9 billion lower than that of the State of Rio de Janeiro (R $659.1 billion). In addition, the GDP of Sao Paulo corresponds to 109% of the sum of all State capitals of Northern, Northeastern and southern regions.
Supermercado Moderno - 22/01/2018 News Item translated automatically
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