Photo by: Tina França
Rio de Janeiro ranked 28th among the most expensive cities for foreigners in 2010. In 2009, Rio was ranked 132th in the same study. Quite a change.
The study was conducted by ECA INTERNATIONAL, a British consulting company.
All other cities in the Americas were considered cheaper than Rio. That includes New York City. Furthermore, Rio’s position could have been even higher had the data been analyzed before the Euro’s recent loss in value.
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About Hildete Vodopives
Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Group. She is a fellow researcher of the Centre Roland Mousnier at the Sorbonne University and a member of the Brazilian Investment Analysts Association (APIMEC-Rio), where she served as Corporate Relations Director and later, on the board. Hildete advises companies and investment agencies in international business development.
