Sao Paulo Economy is dependent on industries as well as on agriculture. Sao Paulo in Brazil is known to be the biggest commercial and industrial area of the country. A major amount of the country’s heavy machinery and other industrial products comes from Sao Paulo. This is because the majority of the industries are concentrated in this part of Brazil.
Apart from industries, agriculture is also one of the important economic activities of the people of Sao Paulo. Coffee plantation is one of the most important agricultural activities of the place. Besides this, the other crops grown in Sao Paulo are orange, cane, cotton, soy, corn, and banana and so on. Cattle rearing is also an important activity in Sao Paulo.
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Sao Paulo economy is also supported by the booming tourism industry in the city. Innumerable people visit Sao Paulo from all corners of the world for the fascinating beaches. Economy in Sao Paulo is heavily supported by the financial and banking institutions. Every year industrial shows are organized to draw numerous participants from various corners of the world.
The energy department is another major contributor to the Sao Paulo economy. The city is the largest producer of energy in Brazil. There are four petroleum refineries in Sao Paulo. An approximate of 90% of energy produced in the country is generated from the hydroelectric plants in Sao Paulo.
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