According to an early 2023 forecast, the Carnival in Rio de Janeiro, Brazil, could produce an economic impact of around 4.5 billion Brazilian reals. Based on the exchange rate of February 13, 2023, this figure equals roughly 867 million U.S. dollars.

In 2023, the revenue generated by the tourism and services sector during Carnival season in Brazil was forecasted to surpassed eight billion Brazilian reals. Carnival contributed with around 8.5 billion Brazilian reals to the Brazilian economy right before the coronavirus (COVID-19) pandemic.

Agricultural Prices: Average Weekly Prices: Producer: Black Fatty Raw Carnival Wax. Dark Brown: 15 Kg: Rio Grande do Norte data was reported at 260.000 BRL in 08 Jan 2021. This records an increase from the previous number of 253.000 BRL for 01 Jan 2021. Agricultural Prices: Average Weekly Prices: Producer: Black Fatty Raw Carnival Wax. Dark Brown: 15 Kg: Rio Grande do Norte data is updated daily, averaging 260.000 BRL from Mar 2016 (Median) to 08 Jan 2021, with 247 observations. The data reached an all-time high of 320.000 BRL in 29 Mar 2019 and a record low of 230.000 BRL in 24 Apr 2020. Agricultural Prices: Average Weekly Prices: Producer: Black Fatty Raw Carnival Wax. Dark Brown: 15 Kg: Rio Grande do Norte data remains active status in CEIC and is reported by National Supply Company. The data is categorized under Brazil Premium Database’s Prices – Table BR.PA124: Agricultural Prices: CONAB: Average Weekly Prices: Producer: Carnaube Wax. [COVID-19-IMPACT]