About the City
São Paulo is a Brazilian municipality, the capital of the state of São Paulo and the main financial, corporate and commercial center of South America. It is the most populated city in Brazil, the American continent, Portuguese speaking countries, and the entire southern hemisphere. São Paulo is the most influential city on the global scene, being considered the 14th most globalized city on the planet, being classified as a world alpha city by the Globalization and World Cities Study Group & Network (GaWC). The slogan of the city, on its official coat of arms, is "Non ducor, duco", a Latin phrase which means "I am not led, I lead".
Founded in 1554 by Jesuit priests, the city is internationally renowned and has significant national and international influence, whether from a cultural, economical or political point of view. It houses important monuments, parks and museums, such as the Latin America Memorial, the Museum of the Portuguese Language, the Ipiranga Museum, MASP (São Paulo Museum of Art), Ibirapuera Park, the Botanical Gardens of São Paulo and Avenida Paulista, as well as high-profile events such as the International Art Biennial, the Brazil Formula 1 Grand Prix, São Paulo Fashion Week and the São Paulo Indy 300.
The municipality has the 10th largest GDP in the world, representing, alone, 11.5% of Brazil's entire GDP and 36% of all production of goods and services in the state of São Paulo, being home to 63% of the multinational companies established in Brazil, as well as having been responsible for 28% of all national scientific production in 2005. The city is also home to the Brazilian Securities, Commodities and Futures Exchange (BM&FBovespa), the second largest stock exchange in the world in market value. São Paulo also brings together many of the tallest buildings in Brazil, such as the Mirante do Value, Itália, Altino Arantes, and Torre Norte buildings, among others.
São Paulo is the seventh most populated city on the planet and its metropolitan region, with around 20 million inhabitants, is the eighth largest urban agglomeration in the world. Regions surrounding Great São Paulo are also metropolises, such as Campinas, Baixada Santista and Vale do Paraíba, as well as other nearby cities, which comprise urban agglomerations in the process of conurbation, such as Sorocaba and Jundiaí. This complex of metropolises - the so-called Expanded Metropolitan Complex - has more than 30 million inhabitants (around 75% of the population of the State) and forms the largest megalopolis in the southern hemisphere.