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Sao Paulo, Brazil News About Sao Paulo, Brazil São Paulo ranks as the leading commercial and industrial center of South America. São Paulo is also the 19th richest city of the world and is expected to be the 13th richest in 2020. According to data of IBGE, its Gross domestic product (GDP) in 2005 was R$ 263,177,148,000.00 (US$ 156,280,780,941.00), equivalent to approximately 12.26% of the Brazilian GDP and 36% of all production of goods and services of the State of São Paulo. One of the biggest financial centres of Brazil and the world, São Paulo's economy is going through a deep transformation. Once a city with a strong industrial character, São Paulo's economy has become increasingly based on the tertiary sector, focusing on services and businesses for the country. Many analysts point to São Paulo as an important global city. The São Paulo Stock Exchange (BM&F Bovespa) is Brazil's official stock and bonds exchange. The BM&F Bovespa is the largest stock exchange in Latin America and third largest in the world. The GDP for the city was R$ 263,177,148,000 (2005). The per capita income for the city was R$ 24,083 (2005). Other Major Cities:
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