How much will the football world cup contribute to the Brazillian economy?

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How much will the football world cup contribute to the Brazillian economy?

We all know about the shock defeat of Brazil in the football World Cup and their embarrassing exit from the tournament but, as the host nation, will they be the real winners of the contest? What effect will the World Cup visiting them have on their economy? With an estimated US $14 billion spend to recover will it improve the finance system within the country?

Clearly the FIFA World Cup must bring financial benefits to a county otherwise the race to be the host nation wouldn’t be so fiercely contested. Brazil certainly wouldn’t have fought so hard to bring the football tournament to their country if all that was in it for them was a US $14 billion bill at the end of it.

There are many finance boosting incentives to hosting the event. Tourism, for instance is a massive cash generator. With millions of football fans arriving throughout the tournament, spending money on your hotels, your food and your drink, a nation certainly will enjoy a boost to their economy. This boost will also last a while as the extra jobs created through this tourism and from the building work associated with getting ready to host the tournament, provides a cash surplus for many citizens.

The feel good factor within the population of a nation hosting the tournament can also have an impact on the economy. Yes, Brazil did suffer a dreadful defeat but they did make it to the semi-finals and to get there they must have won a number of games. This equates to a few parties that would have been held over Brazil which means increased alcohol and food sales, boosting the finances of the country.

It is unknown at this current moment in time just what the boost to Brazil’s coffers will be, but estimates have put the excess in their cash flow to between US $3 billion to US $ 14 billion. Indeed, the last three World Cups all made a profit for the host nations and there is no reason to expect that Brazil will be any different.

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