São Paulo is considered the "financial capital of Brazil", as it
is the location for the headquarters of many major corporations and the
country's most renowned banks and financial institutions. São Paulo is Brazil's
highest GDP city and the 10th largest in the world, using Purchasing power
parity. According to data of IBGE, its gross domestic product (GDP) in 2010 was
R$ 450 billion, approximately US$220 billion, 12.26% of Brazilian GDP and 36%
of all production of goods and services of the State of São Paulo. According to
PricewaterhouseCoopers average annual economic growth of the city is 4.2%. São
Paulo also
