This year, the Carnival in Rio de Janeiro expects revenues of R$4.5 billion (about US$870 million).
This was announced by the city's mayor's office.
The "Cidade Maravilhosa" celebration is responsible for one-third of all economic activity in South America's largest country during the carnival season.
According to the mayor's office, the amount expected for the carnival season will be 12.5% higher than in 2020, the last year in which the festival was held in its entirety, since in 2021, due to the still latent effects of the Covid-19 pandemic, the . . .
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