Brazil


Brazil Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Brazil; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Bank of Brazil
International Reserves US$ 352.01 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 2.45 trillion (2011 estimate)
GDP (Purchasing Power Parity) 2.394 trillion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.3% 2.7% 1.1% 5.7% 3.2% 4% 6.1% 5.2%
2009 2010 2011 2012*
-0.3% 7.5% 2.7% 3%

*Estimate

GDP per capita - current prices US$ 12,465 (2010 estimate)
GDP per capita - PPP $12,181 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
3.91% 3.34% 2.93% 2.93% 2.88%

**Forecast

GDP - composition by sector
  • agriculture: 5.8% 
  • industry: 26.9% 
  • services: 67.3% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
4.9%(2008) 5% 6.6% 5.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
8.1% 6.7% 6%(2009) 6%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
63.5% 66.9% 65.2% 66.2% 65.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-1.4% -3.1% -2.8% -2.6% -2.3%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BBB

Moody's rating: Baa2

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$1.167 trillion US$1.546 trillion US$1.229 trillion
Largest companies in Brazil Embraer (Aerospace and defense), Cielo (Business & Personal Services), Itaúsa (Conglomerates), Redecard (Consumer Financial Services), Lojas Americanas (Discount Stores), Vale (Diversified Metals & Mining), Sabesp (Diversified Utilities), Eletrobrás (Electric Utilities), Cemig (Electric Utilities), CPFL Energia (Electric Utilities), Copel (Electric Utilities), BRF-Brasil Foods (Food Processing), JBS (Food Processing), Cosan (Food Processing), Marfrig Group (Food Processing), Grupo Pão de Açúcar (Food Retail), Natura Cosmeticos (Household/Personal Care), BM&F Bovespa (Investment services), Bradespar (Investment services), Companhia Siderurgica (Iron & Steel), Metalurgica Gerdau (Iron & Steel), Usiminas (Iron & Steel), Itaú Unibanco Holding (Major Banks), Banco do Brasil (Major Banks), Petrobras-Petróleo Brasil (Oil & Gas Operations), OGX (Oil & Gas Operations), CCR (Other Transportation), Suzano Papel e Celulose (Paper & Paper Products), PDG Group (Real Estate), Banco Bradesco (Regional Banks), Banrisul (Regional Banks), Braskem (Specialized Chemicals), Tele Norte Leste (Telecommunications services) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -78.8 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP -3.2% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

11.2% (2010)

(Data released on April 2012)

Shares in world total merchandising export 1.4%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.88% (2011)(2007)

(Data were released in 2012)

Total exports US$242 billion (2012 estimate) 
Export commodities transport equipment, iron ore, soybeans, footwear, coffee, autos
Total imports US$238.8 billion (2012 estimate) 
Import commodities machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronics
Exports - major partners China 17.3%, US 10.1%, Argentina 8.9%, Netherlands 5.3% (2011)
Imports - major partners US 15.1%, China 14.5%, Argentina 7.5%, Germany 6.7%, South Korea 4.5% (2011)
FDI inflows
2009 2010 2011
US$25,949 million US$48,506 million(2009) US$66,660 million(2009)
FDI outflows
2009 2010 2011
US$-10,084 million US$11,588 million US$-1,029 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$5,243 million US$2,501 million(2009) US$8,465 million(2009) US$5,540 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Vale SA, Bunge Participacoes e Investimentos SA, Brazil, $3.8 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Cosan Ltd, Royal Dutch Shell PLC, Netherlands, $4.9 billion(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 130 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 121 out of 185 countries(2009)

Enforcing Contracts: 116 out of 185 countries

Registering Property: 109 out of 185 countries

Getting credit: 104 out of 185 countries

Protecting investors: 82 out of 185 countries

Trading across border: 123 out of 185 countries

Paying Taxes: 156 out of 185 countries

Dealing with Construction Permits: 131 out of 185 countries

Getting Electricity: 60 out of 185 countries

Resolving Insolvency: 143 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
48

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 99 Score: 57.9 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-3
Total area 8,514,877 km2 (2006)
Capital Brasilia (2009)
Currency reals (BRL) (2009)
Government type federal republic (2009)
Languages Portuguese (official and most widely spoken language); note - less common languages include Spanish (border areas and schools), German, Italian, Japanese, English, and a large number of minor Amerindian languages
Religions Roman Catholic (nominal) 73.6%, Protestant 15.4%, Spiritualist 1.3%, Bantu/voodoo 0.3%, other 1.8%, unspecified 0.2%, none 7.4% (2000 census)
Total population
1980 1990 2000 2012* 2017**
118.56 million 146.59 million 171.28 million 196.53 million 204.43 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
44.9% 67.4% 81.2% 84.6%
Population median age 29 years (2010)
Population growth rate 0.9% (2011)
Life expectancy 73 years (2010)
Adult literacy 90% (2005/2010)
% of population living on less than $2 a day 9.87% (2011)
Inequality of wealth distribution (Gini index)

54.69 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:2 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

145.06% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 45% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Brasilia: 33rd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.8999 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S SAFEST EMERGING MARKETS BANKS

2012:
  • REGIONAL WINNERS Itaú Unibanco (National, 2012)
  • REGIONAL WINNERS Banco Bradesco (National, 2012)

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2012:
  • Best Provider of Money Market Funds Banco Bradesco (Latin America, 2012)
2011:
  • Best Provider of Money Market Funds Banco Bradesco (Global, 2011)
2010:
  • Best Provider of Money Market Funds Banco Bradesco (Latin America, 2010)
2009:
  • Best Provider of Money Market Funds Banco Bradesco (Global, 2009)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Banco do Brasil (National, 2013)
2012:
  • COUNTRY WINNERS Itaú Unibanco (Global, 2012)
2011:
  • COUNTRY WINNERS Itaú Unibanco (Global, 2011)
2010:
  • COUNTRY WINNERS Itaú Unibanco (Global, 2010)
2009:
  • COUNTRY WINNERS Itaú (Global, 2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Banco Bradesco (Latin America, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S SAFEST BANKS

2013:
  • REGIONAL WINNERS Itaú Unibanco (Latin America, 2013)
  • REGIONAL WINNERS Banco Bradesco (Latin America, 2013)
2012:
  • REGIONAL WINNERS Itaú Unibanco (National, 2012)
  • REGIONAL WINNERS Banco Bradesco (National, 2012)
2011:
  • REGIONAL WINNERS Itaú Unibanco (Latin America, 2011)
  • REGIONAL WINNERS Banco Bradesco (National, 2011)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Itaú Unibanco (National, 2012)
2011:
  • COUNTRY WINNERS Itaú Unibanco (National, 2011)
2010:
  • COUNTRY WINNERS Itaú Unibanco (Latin America, 2010)
2009:
  • COUNTRY WINNERS Itaú Unibanco (Global, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Itaú Unibanco (2012)
2011:
  • COUNTRY WINNERS Citi (Latin America, 2011)
2010:
  • COUNTRY WINNERS Citi (Latin America, 2010)
2009:
  • COUNTRY WINNERS Itaú Unibanco Banco Multiplo (National, 2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • REGIONAL WINNERS/Best Investment Bank Itaú BBA (Latin America, 2013)
  • REGIONAL WINNERS/Best Debt Bank Itaú BBA (Latin America, 2013)
  • REGIONAL WINNERS/Best M&A Bank BTG Pactual (Latin America, 2013)
  • COUNTRY WINNERS Itaú BBA (National, 2013)
2012:
  • Best Investment Bank Itaú BBA (Latin America, 2012)
  • Best M&A Bank BTG Pactual (National, 2012)
  • COUNTRY WINNERS Bradesco BBI (National, 2012)
2011:
  • DEALS OF THE YEAR / Lead Manager Banco Bradesco BBI (Global, 2011)
  • DEALS OF THE YEAR / Global Bookrunners Itaú BBA (National, 2011)
  • COUNTRY WINNERS BTG Pactual (National, 2011)
2010:
  • Best M&A Bank BTG Pactual (Latin America, 2010)
  • LEGAL ADVISERS Pinheiro Neto Advogados (National, 2010)
  • COUNTRY WINNERS BTG Pactual (National, 2010)
2009:
  • LEGAL ADVISERS Mattos Filho, Veiga Filho, Marrey Jr e, Quiroga Advogados (Global, 2009)
  • COUNTRY WINNERS Banco Itaú (Global, 2009)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:

WORLD'S BIGGEST BANKS

2012:
  • OVERALL BIGGEST Banco do Brasil S.A. (National, 2012)
2011:
  • OVERALL BIGGEST Itaú Unibanco (National, 2011)
  • OVERALL BIGGEST Banco Bradesco (Latin America, 2011)
  • OVERALL BIGGEST Caixa Econômica Federal (Latin America, 2011)
  • OVERALL BIGGEST Banco Santander-Brasil (Latin America, 2011)
  • OVERALL BIGGEST Banco do Brasil (National, 2011)
2010:
  • BIGGEST BANK IN LATIN AMERICA Banco do Brasil (National, 2010)
  • BIGGEST BANK IN LATIN AMERICA Itaú Unibanco (National, 2010)
  • BIGGEST BANK IN LATIN AMERICA Banco Bradesco (National, 2010)
  • BIGGEST BANK IN LATIN AMERICA Bancontander (Brasil) (National, 2010)
  • BIGGEST BANK IN LATIN AMERICA BrazilCaixa Econômica Federal (National, 2010)
  • BIGGEST BANK IN LATIN AMERICA HSBC Bank Brasil -Banco Multiplo (National, 2010)
  • BIGGEST BANK IN LATIN AMERICA Banco Votorantim (National, 2010)

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST Banco do Brasil (Global, 2010)
  • OVERALL BIGGEST Itaú Unibanco (Global, 2010)
  • OVERALL BIGGEST Banco Bradesco (Global, 2010)
  • OVERALL BIGGEST Bancontander (Brasil) (Henrique de Campos Meirelles, 2010)
  • OVERALL BIGGEST Caixa Econômica Federal (Latin America, 2010)
  • OVERALL BIGGEST HSBC Bank Brasil -Banco Multiplo (Latin America, 2010)
  • OVERALL BIGGEST Banco Votorantim (Latin America, 2010)
  • OVERALL BIGGEST Banco Bradesco Financiamentos (Latin America, 2010)
  • OVERALL BIGGEST Bancofra (Latin America, 2010)
  • OVERALL BIGGEST Banco Citibank (Latin America, 2010)
  • OVERALL BIGGEST Banco do Estado do Rio Grande do Sul (Latin America, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Itaú Unibanco (National, 2013)
2012:
  • COUNTRY WINNERS Itaú Unibanco (Alexandre Tombini, 2012)
2011:
  • COUNTRY WINNERS Itaú Unibanco (National, 2011)
2010:
  • COUNTRY WINNERS Itaú Unibanco (Global, 2010)
2009:
  • COUNTRY WINNERS Itaú (Global, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE