Fortaleza city is a world famous tourist destination. Its economy is mainly based on tourism, trade and industry.
Ranked as the fifth largest Brazilian city, Fortaleza is the capital city of the State of Ceará, located in the North-East of the country along the Atlantic coast. Fortaleza is a popular tourist destination with some 34 km of beaches. It is also one of the most populated regions throughout Brazil. If you wish to expatriate there, you must know that it can be quite difficult to find a job or housing there. Its labor market is not very open to foreigners.
Fortaleza's Gross Domestic Product (GDP) represents one of the most important contributions to the State's and the North-East region's economy. Its economy is mainly based on trade and industry. The key sectors are leather, fur, footwear, food, drinks and wheat production. Mining is also one of its economic pillars. Note that the city has many natural and fossil resources.
Moreover, many shops, hotels, business centers and international companies operate in the region. The most active neighborhoods in terms of trade and finance are Avenida Monsenhor Tabosa, Centro and Downtown. Fortaleza's real estate market has also been experiencing strong growth. This has helped the city in obtaining its metropolitan status. In fact, the building of skyscrapers and residential complexes are boosting the city's economy through investments.
Fortaleza is mostly visited by tourists and expatriates who come to enjoy the sun and the long beaches of golden sand. Expatriates from France, Italy and Portugal, are keener to settle there.
Several water sports such as surfing, kite surfing and water skiing are practiced in the region. The city also hosts tourist attractions such as Micareta Fortal and Beach Park, the largest water park in the country located in Aquiraz. This park attracts more than 500,000 visitors each year, including foreigners. Fortaleza is also famous for its Dragão do Mar Center for Arts and Culture, the Avenue Beira Ma Craft Fair, the Praia de Iracema with the British bridge.