The economy of Ceará grew at twice the national rate in the second quarter of 2019. The gross domestic product (GDP) of Ceará, between April and June this year, closed at 2.08%. Which shows an increase compared to the same period last year.
The willingness to invest in Brazil is one of the highest in Latin America. Also, compared to the same period a year ago, Brazil’s GDP grew by 1.0%. Also, a 3.2% jump in fixed investment and a 0.7% rise in industrial production helped drive the expansion
There is more good news for Ceará. Not only aspects such as tourism or economy are improving. Unemployment in Ceará has decreased drastically over the last years.
Ceará’s economy carries on growing in 2019. Here is an overview of what and why economy improves in Ceará surpassing the national average.
Brazil is predicting a noteworthy increase in the agriculture production this year. The production of cereals, legumes and oil seeds for this year is estimated at 236 million tons. This shows an increase of 4.2% compared to last year.
Foreign investors are returning to the Brazilian market – The latest statistics published by the Central Bank of Brazil show a strong increase since April 2018. Banco Central do Brazil stated that from January until may in 2019, Brazil attracted foreign direct investment (FDI) inflows of more than US$28.1bn (€24.8bn).
Fortaleza will receive about R $ 1.5 billion in public investment. The main areas that the government aims to cover are Health, Education, Social Protection, Culture, Sport, Urbanization, Environment, Infrastructure, Transport and Mobility.
Good news for Ceará as the Ministry of Tourism, Sebrae and Embratur are launching a new program to benefit the tourism sector.
Find out why the results of a Bloomberg survey suggest you invest in emerging markets in 2019 and why Brazil is the shining star on the horizon this year.