Innovative land & property investments
Investment Property in Brazil
Buying Guide
Economic Overview
On the up
Brazil’s economy is on the up and of increasing global importance. Its GDP in 2006 stood at 1.62 trillion USD, placing it tenth in the global league table, and GDP growth of 2.8% - while unimpressive compared with other developing markets - saw it outstrip the eurozone and the UK.
It is by a large distance the largest economy in South America, and the third-largest in the Western Hemisphere. GDP per capita stood at 8,600 USD at the end of 2006
GDP make-up
The foundation of much of Brazil’s wealth, agriculture, now accounts for only 8% of GDP (although it employs 20% of the working population).
The largest sector is service, responsible for 54% of GDP, with industry providing for the remaining 38%.
Officially just under 10% of Brazilians of employable age are unemployed although underemployment remains widespread and, it must be noted, much of the information underpinning these figures is either fragmentary or unavailable due to the difficulties of communicating with the interior and assessing the state of employment in the favelas.
Mineral wealth
The country’s industrial might relies heavily on mining and manufacturing.
Its mineral resources are substantial and potentially much bigger as much of the interior remains unsurveyed.
It is a significant exporter of oil, gas and electricity to other Latin American states and boasts a growing hydroelectric power base thanks to a number of large prestige projects. It is also a leading exporter of iron ore and steel.
Exporter
In terms of manufactured goods, Brazil is a major producer of cars and other vehicles, agricultural equipment, electrical and electronic items, aircraft and military materiel.
Its leading agricultural exports include coffee, soya beans and associated products, citrus fruits and juices and beef, for all of which it has demand from the world’s major markets, in particular North America and Europe.
Key points
- The largest South American economy and the third-largest in the Western Hemisphere
- In 2006, GDP stood at 1.62 trillion USD, placing it tenth in the global league table
- GDP growth of 2.8% exceeded that of the eurozone and the UK
- GDP per capita stood at 8,600 USD at the end of 2006
- GDP contributors: services (54%), industry (38%) and agriculture (8%)
- A significant exporter of oil, gas and electricity, iron, ore, steel, coffee, soya bean products, citrus fruits and juices plus beef
- A major producer of vehicles, agricultural equipment, electrical and electronic items, aircraft and military materiel
Downloadable Reports and Documents
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