Roraima’s Economy Evolves After Arrival of Venezuelans

The Previous Year’s Electoral Campaign Directly Addressed the Migration of Venezuelans to the State of Roraima

Throughout 2017 and 2018, Roraima’s GDP, a state with 79% of its economy based on services and a strong influence from the public sector, grew by 2.3%, while other states experienced growth of 1.4%.

Also Read:

• My First Job Program Offers 1,500 Positions in the Technology Sector in Paraná
• India Is Thirsty for Brazilian Oil and Aims to Maximize Imports
• Petrobras Modernized Communication for More Than 50 Platforms

“Not only the Federal Government, mainly through the Army, but several international institutions have started to operate in the state and the economy of Roraima. This caused people to migrate from other locations, institutions to open offices in the state, and the Brazilian Army to continually send contingents there. Thus, the economy began to respond positively”, says researcher Wagner Pereira from FGV.

About the Study

“The study is unable to attribute all the additional growth that the state of Roraima has experienced due to migration flow, especially since in 2016 and 2017 the flow was not so high, and the federal government’s response had not yet begun”, Pereira explained. Nevertheless, he stated that other indices covering the years 2018 and 2019 allow measuring the impact of migration flow on Roraima’s economy.

Recomendado para você

Oil and Gas

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Technical Agenda and the Fair in the City of Macaé Should Boost Discussions on Investments, Energy Transition, and Development of the Oil, Gas, and Energy Chain in the National...

Paulo Nogueira

1

“There has never been such an unusual behavior [the increase in revenue from ICMS]. It is not a phenomenon occurring in other states; it is a phenomenon happening in Roraima. The only thing that could be happening is that the state is performing the miracle of greatly improving its revenue”, assures the researcher.

Exports

The volume of exports increased more than five times in the oil industries. Between 2010 and 2014, trade between Roraima and Venezuela totaled R$ 15.3 billion. Between 2015 and 2019, it amounted to R$ 84.2 billion. Thus, it can be concluded that the migration of Venezuelans to the state of Roraima had a positive effect not only for the state but also for the national territory.