Economy of Olinda« More information about Olinda
The table below shows the composition of the economy of Olinda.
All amounts quoted in R$ 1,000. In 2001, the mean value of the dollar was around R$ 2.50, and in 2002, around R$ 3.00 (see a graph here); in 2006, the dollar was much weaker, around US$ 1 = R$ 2.20 (see current course here).
The table shows that:
the GNP of Olinda is around US$ 400 million, which makes it a mid-sized Brazilian city. For comparison, the GNP of Recife in the same years of 2001 and 2002 was, respectively, R$ 10.039.899 and R$ 11.410.058, about ten times bigger than Olinda.
the industrial sector is losing importance in Olinda. The city doesn't have the competitive advantages of Jaboatão and Ipojuca (plenty of space, better infrastructure, etc).