Recife is the largest metropolitan area and one of the most major economic and business centers in the North-eastern region of Brazil. Its main industrial area is located just to the south of Recife city.
The State of Pernambuco, where Recife is located, is the fifth-largest metropolitan state in Brazil. Recife has a booming economy, as it is supported by two ports. One is in the town itself and the other is the Port of Suape which is about 40km away. The Guararapes International Airport of Recife connects the city with other Brazilian cities and has total traffic of about 5 million visitors every year.
Brazil is well known for its large production of alcohol fuel (fermenting ethanol from sugarcane and sugar beets). The State of Pernambuco itself is the 5th highest sugarcane producer of the country. Whereas, Brazil annually manufactures around 18 billion litres of alcohol, of which 3.5 billion are exported. Alcohol fuel is used as an alternative fuel for hybrid fuel car engines called "Flex" and this industry plays a vital role in the economy of the country.
The IT industry also contributes to the economy of the city. The industry is located in a region called "Porto Digital" or "Digital Port" which attracts investments from all over the world. It produces computer chips and software which are exported to China, Japan, and other countries.
The second, but the dominant port of the city, Suape port operates ships throughout the year. It proposes a monitoring system and laser ship docking system that asserts the same technical standards among other most important ports across the world. The port transports over 5 million tons of cargo every year which contributes to the growth of the city.
Some of the current industries that have made their mark in the city include Beer canning, brewing, Automotive electronics, Tube manufacturing, Textiles, Automotive, and Aluminum. Chocolate manufacturing and the Food Industry also make their contribution to the economy of the city.
Grande Recife i.e. the Metropolitan Region of Recife offers superb tourist attractions. Some of them are located in Recife while some are outside the city limits. The area is famous for its beautiful beaches, colonial architecture, carnival, arts, and cuisine. These are the main attractions for tourists who visit from all over the world. Therefore tourism plays a major and vital role in the economy of the city.
Recife has the second largest medical team in Brazil, next to Sao Paolo. The city has a total of 417 hospitals and clinics with 82,000 beds, contributing a total of 220 million R$. Many people from the neighboring cities and states come to Recife for treatment as it offers the latest technology and the best services in the North-Eastern part of Brazil.