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São Paulo - Brazil

São Paulo is the 19th richest city in 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 2.26% 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 in Brazil and in 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, even though this assignment can be criticized considering its serious problems of social exclusion and spacial segregation. Although being the most important financial centre of the country, São Paulo's economy also presents a high degree of informality. São Paulo is the business center of the Mercosur economy. Consecrated Acclaimed as a city of business tourism, attracting today's biggest and most important international events, be they in the economic, cultural, scientific or sporting area, it is a metropolis that offers a service infrastructure of the highest efficiency and quality. The city hosts from small meetings to large exhibitions. It holds more than 200 events per day, offering more than 250 thousand square meters of space in pavilions and areas for congresses and fairs. This is without taking into account the supply of spaces within hotels, which adds another 70 thousand square meters, suitable for holding events. Adding space in nightclubs, cultural and business areas, clubs and other alternatives to these numbers, São Paulo boasts approximately 430,000 square meters for the holding of any type of event. There is still the supply of approximately 30,000 apartments of various categories, a number which is to grow significantly in the next two years, predicted to reach 50,000 apartments in 2003, catering for those seeking the more luxurious options of the large chains, to simpler and more economical options. It is worth pointing out that from the tourist attractions the following stand out: gastronomy and culture. With more than 12,000 restaurants of more than 40 different world cuisines, besides the 70 museums, more than 200 cinemas, around 50 theaters, art galleries and cultural centers, São Paulo has one of the liveliest night-lives in the world.[35]