The economy of Brazil is a federal economy. Brazil is the ninth largest economy in the world and the second largest in the Americas, after the United States.
Rio, is the capital city of the State of Rio de Janeiro, the second largest city of Brazil.
Rio de Janeiro is the 2nd largest regional economy in Brazil, and the city has a robust and highly diversified economy, providing large-scale employment in heavy and light industry, manufacturing, commerce, finance, trade, and other service sectors.
Rio de Janeiro has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.