Brazil’s Marine Economy Produces R$2 Trillion in Revenue per Year

Sea-based production accounts for 19 percent of the country's GDP. The government's current main challenge is to extend the country's marine area from 4.2 million to 5.7 million square kilometers.

By Richard Mann

RIO DE JANEIRO, BRAZIL - The coastline is a significant source of Brazil's wealth and is home to half of the country's population. The sea yields R$2 trillion (US$500 billion) revenue per year, the equivalent to 19 percent of the national Gross Domestic Product.

The estimate was released on Monday, June 24th, by the Interministerial Commission for the Resources of the Sea. Part of the 1st Regional Ministerial Conference of the Americas on Green Economy, the report defends the need to preserve marine resources to ensure sustainable development.

According to Navy Commander Carvalho, presenter . . .

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