Buoyant Brazil beats boom and bust
Brazil has changed out of all recognition over the past two decades and now has one of the world’s powerhouse BRIC economies joining the new elite of Russia, India and China. This vast, diverse nation has plentiful natural resources including oil and gas, massive agricultural interests, a sophisticated industrial base and a growing middle class.
The world’s fifth largest nation, with a population of approximately 200 million, world’s sixth largest economy and by far the largest in South America, has one of the world’s most rapidly developing economies and a Gross Domestic Product (GDP) per head that is greater than India and China.
400 of the world’s 500 largest companies operate in Brazil. These include many UK companies, such as Rolls Royce, BG Group, Shell, BP, JCB, Rexam and Experian.
Goldman Sachs reported that it has the potential to be one of the world’s most dominant economies by 2050.
Brazil has shown solid economic stability. In the past 10 years, more than 35 million Brazilians have been lifted out of poverty into the emerging middle class. Brazil has seen an average growth of 3.4% GDP over the last 4 years.
The boom is largely down to growth resulting from rising food and oil prices around the world.
In recent years large reserves of oil and gas have been discovered off the Brazilian coast. The country is currently the world’s ninth largest oil producer with keen ambitions to become the fifth largest.
Click here for the Brazilian Official Guide on Investment Opportunities.
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Chamber International recommends this further reading:
Brazil in figures, published annually by IBGE, presents basic information for the study and understanding of the Brazilian socioeconomic reality; therefore, it is a valuable source of data for analysis and planning.