Doing business in Brazil: economic snapshot February 2018

ECONOMIC SNAPSHOT
BRAZIL

Internal perspective

The largest and most populous country in South America, Brazil is coming out of a deep economic recession. Pressing problems include high income inequality, inflation and rising umployment, and the economy is constrained by fiscal imbalances and political corruption. Still, it’s a valuable, sophisticated market with a strong ability to adapt to both foreign and domstic business..

Population

208,385,000 (2017)

Internet users

119 million (2016)

Gross domestic product (GDP)

  • $1.796 trillion

Top 5 Imports

Top 5 exports

Languages

Top 3 Trading Partners

Top franchises

GDP growth rate (est.)

  • 0.263% in 2017
  • 1.794% in 2018

Trends and outlooks

  • Entering a recovery after hitting rock bottom
  • Industrial production recorded the fastest growth in more than two years
  • Government is reforming pensions, which is crucial for restoring government finances

Economic challenges

  • Very high inflation with low GDP growth
  • Few new investments
  • Strict limitations on hiring and firing employees

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