Just over1 million new jobs are expected to be created in Brazil by the end of 2008, say the the tourism board in Brazil as a result of more holiday makers. Walfrido doe Mares Guia, the minister of tourism, says that ‘600,000 jobs have been created as a consequence to tourists and a further 500,000 jobs are to be created before the end of 2008’. Praise should be given to to the Brazilian government who have shelled money into developing existing infrastructure around Brazil for tourists, this programme is known as ‘PRODETUR’.

Thanks to PRODETUR over $670m has been invested in infrastructure; the creation of eight airports, construction and/or improvement of 1,000km highways, recovery of 732,000 sqm of historic heritage sites, ecological conservation of 70,426 hectares and the creation of 149 government bodies to manage these and tourism activities.

Due to the success of this programme, the “PRODETUR 2” has now been set in motion with an approximate investment of $400m.To proceed the achievement of the Government’s initiatives, Brazil tourism has risen from 4.1m (2003) to 6m (2006) foreign holiday makers a year, whilst the income generated by these tourists has risen by 25%.

Brazil is in the top six most populated countries in the world, behind, USA, China and Russia and others. Another startling fact is that over 60% of Brazilians are under 30 years old.. Brazil is seen as a future world super power.

According to the Brazilian Embassy, Brazil has the tenth largest economy in the world, with a GDP of 523,070 million dollars in 2003, almost 48% of Latin America’s Gross Domestic Product and one of the most prominent markets in the world with 170 million consumers.Leading financial experts think that by the middle of this century, Brazil will have the second largest economy in the developing world and have the 4th largest economy worldwide.In 2003 – 2006, Brazil ran record trade surpluses and recorded its first current account surpluses since 1992. International Monetary Fund believes that Brazil has been putting in place a good structure of financial responsibility that is now bringing in sustained primary surpluses and keeping inflation in order.
Felicity is a intermittent columnist, writing infrequent overviews on Brazilian real estate for james-laurence.com, who offer property in Coqueirinho, Brazil.