Salvador economy is 8th among the largest regional economies in Brazil. When the regional airline, Nordeste Linhas Aéreas Regionais still existed, its headquarters was based in the Bahian capital. Throughout the country’s history, the city has already had played an important role in terms of Brazil’s economy.
In 1549, Salvador became the first capital of the country. Throughout the colonial period, the city was largest and most important city of the colony mainly for its strategic location on the country’s northeastern coast. It is for the same reason why the city served as a vital link of the Portuguese’s empire – keeping close commercial ties between Portugal and its colonies in Asia and Africa. The city remained a strong city until it was replaced by Rio de Janeiro as a national capital in 1763.
Blending the past and the present
Despite being replaced as the country’s capital, Salvador’s economy never lost its strength due to its great combination of rich history and vibrant present. Its recently constructed high-rice offices as well as apartment buildings in the same block its colonial-era mansions are situated continue to attract investors from all over the world. Its beaches, aside from the great sights, are also built with numerous modern shopping malls for the people’s convenience and enjoyment.
Economically, Salvador is unquestionably one of Brazil’s shakers. Since its founding, the city has become one of the country’s top ports and prominent trading center. It boasts of huge oil refinery, petrochemical plant, and a number of important industries all contributing to Salvador’s economic strength. Because of these large establishments, the city has reduced its historical dependence on the agriculture sector, although the sector still distributes to the city’s economy.
One of the top tourist destinations in Brazil, tourism and cultural activities in Salvador generate a lot of jobs and income while boosting the preservation of its cultural and artistic heritage. The area of Pelourinho for instance, is a favorite stop among tourists with its colonial mansions, historic churches, and fabulous beaches.
Tourism, being strong in the city, paved way for ultra modern infrastructures. In fact, Salvador’s infrastructures are among the most modern in Brazil.
In terms of its economy, Salvador will always be considered among the country’s makers and breakers. If you are an investor, this would tell you how wise it is to invest in the city. As a tourist, you are guaranteed of a great experience in Salvador.