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According to Brazil’s Ministry of Sports calculations, the FIFA World Cup in 2014 is going to be a cash cow for the country. The nation’s economy is forecast to grow by at least $70 billion as a result of its hosting the World Cup, the Brazilian Ministry of Sports said July 6 in a statement. The figure is based on the country’s investments in private and public investment in infrastructure, heightened consumption, increased activity in the services sector and, of course, tax collection.

Brazil has aspired for generations to climb into the club of the world's rich nations. By one measure, that moment has arrived: This city and others like Rio de Janeiro are now among the world's priciest.