Why Invest in Brazil?

It is a special moment for expanding a business in Brazil. So often described as a country of the future, Brazil has recently shown the world its’ time is now. The world took notice when last October, images of tens of thousands people packed at Copacabana beach exploded in screams and hugs when the announcement arrived: after hosting the FIFA World Cup in 2014, Brazil will also host the 2016 Summer Olympics games in Rio de Janeiro. The Brazilian government commissioned a study to quantify the economic rise and impact the two major sporting events will have. The first figures forecast a $24.5 billion boost between now and 2027, mainly thanks to increased spending by tourists, growth in employment and construction. It sounds almost funny that while the entire world is facing immense difficulties, Brazil is discussing abundance. Businesses interested in setting up a business in Brazil should rush to make sure they get invitation to the party. The choice of Rio for the Olympic Games did not come out of the blue. Brazil has experienced tremendous economic growth over the past fifteen years, it has one of the most rapidly developing economies in the world and it is responsible for almost half of Latin Americas GDP. Brazil is already a global power in agriculture and natural resources and provides one of the largest workforces and consumers in the Americas. The main sectors on which the Brazilian economy relies are agriculture (forestry, logging and fishing), mining, manufacturing and services. The energy market is also developed, being Brazil a leading producer of hydroelectric power. Brazil also has a sophisticated technological sector and develops projects for submarines, aircraft and equipment for space stations. Major exports include aircraft, automobiles, iron ore, steel, electrical equipment, ethanol, textiles, footwear, corned beef, coffee, soybeans and orange juice.