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BRICS 2025 events are expected to impact Rio's economy by R$70 million, says study
Published on 05/07/2025 - 20:16 | Updated on 05/07/2025 - 20:19
BRICS 2025 moves the economy of Rio de Janeiro - Photo: Beth Santos/ Rio City Hall All BRICS events, including the Summit of Heads of State, which will take place in Rio de Janeiro on July 06 and 07, are expected to boost the economy of Rio de Janeiro by around R$07 million (R$70 million), according to estimates by the City of Rio. This is shown in the publication “BRICS in Data”, a study prepared by the Secretariat of Economic Development, the João Goulart Foundation Institute and the International Relations Coordination Office of the city of Rio.
“Holding the BRICS Summit 2025 in Rio de Janeiro is yet another great opportunity to reinforce our city’s position as a global center for diplomacy, business and innovation. An event of this magnitude boosts strategic sectors such as tourism, infrastructure and services, generating jobs and development. By hosting fundamental debates on global health, trade, investment, finance, climate change, governance of artificial intelligence, international security and the institutional evolution of BRICS, Rio proudly consolidates itself as the true Capital of the Global South,” said Mayor Eduardo Paes.
The study takes into account the movement of approximately 10 thousand foreign participants in all events in the city throughout this semester:
– Sherpa Meeting (April 23-27);
– Meeting of Foreign Ministers (28 and 29 April);
– Sherpa Gathering (June 30 to July 5);
– WBA BRICS Business Meeting (July 4);
– BRICS Business Forum (5 July);
– Meeting of Finance Ministers and Central Bank Governors of the group’s countries (July 4)
– Meeting of the Governors of the Board of the New Development Bank (5 July);
– Summit of BRICS Heads of State (6-7 July) .
The estimate shows the expected expenses of representatives of the delegations, with international participants in the city for the event, with accommodation, transportation, food, among other expenses directly or indirectly linked to the event.
“It has been very important for Rio’s economy to host events of the magnitude of BRICS, which puts Rio at the center of the debate on important global issues and boosts our economy, which is heavily based on services. We have the structure and vocation to receive visitors, whether for business or cultural events, generating opportunities and income for those who live here,” says Osmar Lima, Rio’s municipal secretary of Economic Development.
In the study, visitor spending on accommodation, food and transportation was measured directly. However, these activities generate additional demands on other activities such as food supply, cleaning services, logistics and maintenance, which were not accounted for. Therefore, without these indirect effects, the estimated values in this study underestimate the total economic impact, which could be significantly higher. Furthermore, the analysis does not include spending on airfare by international visitors.
Rio and the BRICS countries
The per capita GDP of the city of Rio (US$ 9,9 thousand) is higher than the per capita GDP of most countries in the BRICS group. For example, Rio's per capita GDP is almost five times higher than that of India and approximately three times higher than that of Iran. It is more than twice that of Egypt and Indonesia. It is also 42% higher than that of South Africa and 24% higher than that of Brazil itself. In relation to Russia, Rio's per capita GDP is 21% lower and 24% lower than that of China.
The total population of the eleven countries that make up the BRICS group is 3,9 billion people, 622,6 times the population of Rio, which is 6,2 million people. The population of India, for example, is 232,1 times larger than that of Rio, and that of China, 226,7 times larger. The population of the United Arab Emirates is slightly larger than that of Rio, at just 1,8 times.
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