State officials plan to expand the Ceará economy to its highest share ever of Brazilian GDP over the next three years. The objective, which includes equality measures, looks more than feasible with Ceará posting stronger growth than the region and country as a whole.
The Ceará economy outpaces the Brazilian yet again with an 18.34% uptick in Q2 this year, almost 6% higher than the national average. The state also exceeds country averages in other GDP metrics. See them all in this article.
Latest figures point to strong economic activity in Ceará with the increase higher than the regional and national averages. In addition, the job market is on the road to recovery. Discover the full economic picture.
The latest forecast for the Ceará economy points to a 5.8% increase in GDP this year. The strong figure comes on the back of solid fiscal policy in the state and buoyant job creation so far in 2021.
Investment to the tune of over US$17 billion is on the cards plus major job creation at Ceará green hydrogen hub over the next few years. At least 5,000 jobs will be created including hundreds for highly qualified professionals.
The Ceará economy has posted excellent results for GDP growth so far this year, ahead of the rate for Brazil. The figures, together with large-scale investment from foreign companies, mean that there’s widespread optimism in the state.
Two Australian companies are to invest over US$10 billion in Ceará in green hydrogen, ammonia production and wind energy. The investment will firmly place Ceará on the renewables energy map as well as create quality employment in the state.
Ceará is to install a green hydrogen hub at Pecem Port as yet another contribution from the state to a carbon neutral footprint. The project that already has the backing of the state government, will attract considerable investment and job talent to the area.
Recent FDI and a surge in IPOs have brought the economy in Ceará to the forefront in Northeast Brazil. The number of foreign investors has more than doubled since 2010 and Ceará companies account for more than half those from Northeast Brazil on the stock exchange.
Yet to fully emerge from lockdown, industrial production in Ceará is showing an impressive recovery. The increase in July was the highest in the country and almost twice the average for the Northeast region. State authorities believe the figures augur well for the rest of the year as the Ceará economy gets back on track.
Another IT company is investing in a new data centre in Ceará. The latest arrival brings the total in the state to three as technology takes advantage of Ceará's excellent location and infrastructure. The state is South America's closest point to Europe and Africa and already has a vast network of submarine cables installed.
On the coast, the average hotel occupancy is 91.4%. The carnival holiday is expected to generate an income of around R $ 480 million in the State of Ceará. The Coral Resort is located in Ceará where we offer different investment opportunities.
Ceará carries on improving every aspect. Latest figures from the quarterly report of the General Coordination of Labor Immigration (CGIL), show an increase of foreigners that invest in the state.
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.
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.