Brazil Permanent Virtual Exhibition and Business Directory
Home to more than 200 million people, Brazil is one of the world’s largest economies, one of its largest countries and the most influential country in Latin America. Major manufacturing nations prize many of Brazil’s natural resources, particularly its iron ore, while European countries prize its legendary footballers.
With the recent development of offshore oil fields, Brazil has become the ninth-largest oil producing nation on Earth. With an ongoing domestic consumption boom and record-low unemployment figures, the Brazilian economy is projected to grow by 4.5% in 2011.
Brazilian agriculture is world-renowned, particularly the country’s beef, citrus, cocoa, coffee, rice, soybeans, sugarcane and wheat. Brazil’s mining, manufacturing and service sectors are well-developed, and Brazilian companies are setting the pace in industries such as aircraft, cement, chemicals, iron ore, lumber, motor vehicles and parts, steel, textiles and tin. Consumer and investor confidence has increased in the wake of an export recovery – the country’s increasing growth and high interest rates make it extremely attractive to foreign direct investors.
Current president Dilma Rousseff intends to target inflation, hold to a floating exchange rate and exercise fiscal restraint. Brazil is now preparing for the 2014 World Cup and the 2016 Olympics, which will be held in Rio de Janeiro.
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