About Brazil: Economy

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This section provides general information. If you need a particular assessment or analysis, contact us and we'll be glad to assist you.

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Brazil is one of the largest world economies. Although a developing country, the Brazilian economy is very diversified: agriculture, livestock, mining and steel, industries and services. The country's export list includes commodities like soybean, beef and iron ore as well as Embraer aircrafts used by companies from different parts of the world (LOT Polish Airlines, Alitalia, JetBlue, KLM Cityhopper, Aerolíneas Argentinas, Aeromexico Connect, Air Europa Express, Air France, Airnorth, BA CityFlyer, Copa, Fuji Dreams, German Airways, Horizon Air, TAP, Tianjin).

Natural resources, water, energy, high solar power potential, arable land, labor and a consumer market of more than 200 million people draw the attention of investors worldwide. Civil construction, the real estate market and tourism also offer good opportunities.

A quick glance at the members of the Brazilian Association of Automotive Vehicles Manufacturers (Anfavea) reveals the presence of the foreign capital and investment in the country. Audi, BMW, Caterpillar, FCA (Fiat Chrysler Automobiles), Ford, General Motors, Honda, Hyundai, Jaguar Land Rover, Komatsu, Mercedes-Benz, Nissan, Peugeot Citroën, Renault, Scania, Toyota, Volkswagen and Volvo are undoubtedly well-known names.

Brazil is contracting-party of the main commercial agreements and is a member state of the most relevant international organizations and initiatives. The legal framework for investors, in spite of some problems and deserved critics, is stable.

In the end of the last century, many state-owned enterprises were privatized and some sectors of the economy were opened to foreign capital, such as mining and coastal shipping.

Public procurement and acquisition of land by foreigners remain controversial issues. Nevertheless, in December 2020, the Senate has passed a bill that makes the purchase and leasing of rural properties easier by foreign investors, both individuals and legal entities. Until now, the Chamber of Deputies has not approved this bill.