Brazil continues to develop through industrial and agricultural growth, resulting in it becoming the fifth largest economy in the world and South America's leading economic power and a regional leader.
Brazil has large and well-developed agricultural, mining, manufacturing and service sectors. Brazil has steadily improved its macroeconomic stability and, in 2008, became a net external creditor and two ratings agencies awarded investment grade status to its debt. Unemployment is at an all time low and recent historically high interest rates have made it an attractive destination for foreign investors. President Dilma Rousseff has retained the previous administration's commitment to inflation targeting by the Central Bank, a floating exchange rate and fiscal restraint.
Annual Growth: 3.8%
Major Industries: textiles; shoes; chemicals; cement; lumber; iron ore; tin; steel; aircraft; motor vehicles and parts; other machinery and equipment
Major Trading Partners: China, USA, Argentina, Netherlands
Country Risk Profile: BB
Existing Presence: Petrobras, OGX, HRT, Queiroz Galvão, ExxonMobil, BP, Shell, Total, Chevron, Anadarko, GALP, BHP, Maersk, Sinopec, ONGC, Premier Oil, Repsol, TNK-BP, Brasoil, Ecopetrol, Gran Tierra, Cowan Petroleum and Niko Resources
Brazil, a federal republic, is led by President Dilma Rousseff, elected in 2010 and subsequently re-elected for a second term in October 2014.
Brazil’s economy continues to grow and the country has become a significant player in world markets. It has a diverse economy and has received international recognition in light of its economic reforms.
CIA Factsheet, 04.01.2016
Standard & Poor's, 04.01.2016