Doing Business in Brazil
Published in June 2016
The Federative Republic of Brazil is Latin America's largest economy. With 3,290,000 square miles, bordering 10 other countries and with 4,650 miles of coastline, Brazil is the largest country in Latin America and fifth largest in the world. Brazil's 2014 Gross Domestic Product (GDP) of US$2.3 trillion ranks Brazil as the world's seventh-largest economy. Annual growth during 2014 dropped to 0.1% due to reduced demand for Brazilian exports in Europe and Asia and modest consumer demand from Brazil's large middle class.
In 2014, the U.S. was the second largest exporter to Brazil, accounting for 15% of Brazil's total imported goods; behind China and followed by Argentina, Germany, and Nigeria. In 2014, Brazil imported over US$229 billion of total goods.
Major reasons to do business with Brazil include:
Brazil's population of 202 million is the fifth largest in the world, representing nearly 3 percent of global consumers.
At the same time, Brazil has the highest per capita income of any of the BRICS, with more than half of its population defined as middle-class, earning between $11,500 and $29,000 per year.
Brazil is also traditional leader among emerging markets. A BRICS member, it is now considered by many multi-national companies as an essential market for truly global businesses.
The Brazilian Government is actively cultivating relationships with international and U.S. businesses and prioritizing macroeconomic stability. In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various data feeds from:
The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.