Brazil 4 Business

Economics

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Released by the World Bank's International Comparison Program report, points to Brazil as the 7th largest economy taking into account the criteria of purchasing power parity (PPP - Purchasing Power Parity). 

Also according to the World Investment Prospects Survey 2013-2015, Brazil is the 5th most attractive country for future foreign investment, and is the country that receives more foreign direct investment (FDI) in Latin America as well as the largest source of these resources in the region since World War II.

In 2013 the GDP reached R$ 4.84 trillion, 2.3% more than the previous year, and the trade Currency was R$ 481,664,791,143 registering an increase of 3.41% over 2012. But the Central Bank provided a surplus trade balance of US$ 5 billion for 2014, with exports at US$ 245 billion and purchases abroad of US$ 240 billion. 


The product groups which mostly contributed to the increase in Brazilian imports for 2013 were: fuel, mechanical machinery, electrical machinery, automobiles, chemicals, fertilizers, plastics and precision instruments.

The top 10 countries for the Brazilian imports are: China (15.6%), United States (15.1%), Argentina (6.9%), Germany (6.3%), Nigeria (4%), South Korea (4%), Japan (3%), Italy (2.8%), France (2.7%), India (2.7%). *European Union (20.8%).

According to the research of the Organization for Economic Cooperation and Development (OECD) and the World Trade Organization (WTO), Brazil is the country that has the largest percentage of domestic content with added value on its exports, 90.7% of total, i.e., less than 10% of foreign components. The percentage is well above the average of other countries, 72.6%. 

 

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