Brazil
Handelskammer - Land Infoblatt Letztes Update: 25.02.2020
Ihre Berater bei der Handelskammer
Na Shi+352423939364
Thomas Bertrand+352423939337
Einführung
Following more than three centuries under Portuguese rule, Brazil gained its independence in 1822, maintaining a monarchical system of government until the abolition of slavery in 1888 and the subsequent proclamation of a republic by the military in 1889. Brazilian coffee exporters politically dominated the country until populist leader Getulio VARGAS rose to power in 1930. By far the largest and most populous country in South America, Brazil underwent more than a half century of populist and military government until 1985, when the military regime peacefully ceded power to civilian rulers. Brazil continues to pursue industrial and agricultural growth and development of its interior. Having successfully weathered a period of global financial difficulty in the late 20th century, Brazil was seen as one of the world’s strongest emerging markets and a contributor to global growth. The awarding of the 2014 FIFA World Cup and 2016 Summer Olympic Games, the first ever to be held in South America, was seen as symbolic of the country’s rise. However, from about 2013 to 2016, Brazil was plagued by a sagging economy, high unemployment, and high inflation, only emerging from recession in 2017. Political scandal resulted in the impeachment of President Dilma ROUSSEFF in May 2016, a conviction that was upheld by the Senate in August 2016; her vice president, Michel TEMER, will serve as president until 1 January 2019, completing her second term.
Source:The CIA World Factbook - Brazil
Makroökonomische Indikatoren
The recovery is strengthening and growth will reach 2.8% in 2019. Solid investment growth reflects improving confidence thanks to recent reform efforts, including in financial markets. Surprisingly low inflation has enhanced the room for monetary easing, which has improved financial conditions. Growth is expected to gain momentum on the basis of further improvements in investment and a recovery of private consumption on the back of lower inflation.
Fiscal sustainability, and hence investor confidence, remains at risk without a pension reform. Strengthening the focus of social spending towards those most in need and scaling back ineffective regressive tax breaks and subsidies for specific economic sectors can make public expenditures more effective and more inclusive, and rein in opportunities for corruption. Maintaining strong growth will require further efforts to strengthen productivity, including via greater integration into the global economy.
Source: OECD - Economic Forecast
IFM Statitics:
| Subject descriptor | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Gross domestic product, constant prices Percent change | 1.114 | 0.875 | 2.039 | 2.371 | 2.358 |
| Gross domestic product, current prices U.S. dollars (Billions) | 1,867.818 | 1,847.020 | 1,893.010 | 1,987.816 | 2,084.295 |
| Gross domestic product per capita, current prices U.S. dollars (Units) | 8,958.576 | 8,796.909 | 8,955.650 | 9,344.111 | 9,737.998 |
| Inflation, average consumer prices Percent change | 3.665 | 3.785 | 3.467 | 3.805 | 3.597 |
| Volume of imports of goods and services Percent change | 6.619 | 2.707 | 6.454 | 5.755 | 5.097 |
| Volume of exports of goods and services Percent change | 7.005 | 0.151 | 6.571 | 4.369 | 5.368 |
| Unemployment rate Percent of total labor force | 12.258 | 11.800 | 10.800 | 10.000 | 9.700 |
| Current account balance U.S. dollars (Billions) | -14.511 | -22.317 | -19.639 | -22.536 | -25.118 |
| Current account balance Percent of GDP | -0.777 | -1.208 | -1.037 | -1.134 | -1.205 |
Source: IMF Statistics
Luxemburg und das Land
Existing conventions and agreements
In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.
- Convention from 08.11.1978 (Memorial 1980, A No.15, p.212)
- Effective as of 01.01.1981 (Memorial 1980, A No.15, p.212)
Air Services agreement
None
Source: Administration des contributions directes
Weitere Informationen
Foreign Trade
The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.
You can see the statistics on the website of the Statec.
Contact points in Brazil
Embassy of Luxembourg in Brasilia
Ambassador: Mr Carlo KRIEGER
Avenida das Nações, lote 32 .
Setor de Embaixadas Sul, QD 809
70422-900 Brasília/DF . Brésil
Tel. (+55) 61 3443 0072
E-mail : brasilia.amb@mae.etat.lu
Honorary consuls
Honorary Consul with jurisdiction over the state of Rio de Janeiro:
Mrs Marie-Christiane HEUWERT-MEYERS
Rua Francisco Otaviano, 87 apt.203
Copacabana
22080-040 Rio de Janeiro
Tel: +55 21 25 21 78 35
E-mail: consulux(at)hotmail.com
Honorary Consul over jurisdiction over the states of São Paulo, Bahia, Mato Grosso, Mato Grosso do Sul, Goias, Pernambuco, Ceara et Amazonas:
Mr Jan EICHBAUM
Rua Ceará, 124,
Consolação
São Paolo – SP
01243-010
Tél.: (+55) 11 2789-0727
Fax: (+55) 11 2789-0727
E-mail: attache(at)consuladoluxemburgo.com.br
Source: Ministry of Foreign Affairs of Luxembourg
Economic and Commercial Attachés:
Mr Stefano Missir di Lusignano
Rua Lauro Müller, 116
Room 602, Botafogo
RJ 22290-160 Rio de Janeiro
Tel: (+55) 21 22 95 16 30
E-mail: riodejaneiro(at)hub.brussels
Mr André VILLERS
PAULISTA CORPORATE
Avenida Paulista, 1636 – sala 1110
01310-200 São Paulo
Brésil
Tel: 55-11-32.62 4556
E-mail: saopaulo(at)awex-wallonia.com
Source: Invest-export.brussels / AWEX
Country risk as defined by Office du Ducroire for Brazil
Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.
Link: Ducroire Office - Country Risk for Brazil
Other useful links
- CIA World factbook on Brazil
- Apex Brasil: Brazilian Trade and Investment Promotion Agency
- ELAN biz: European and Latin American Business services
- ELAN Network: European and Latin American Technology based Business network
- The Latin America IPR SME Helpdesk
- Le Brésil sur le site de l'Awex
- Invest-export.brussels (HUB)
- Chambre de Commerce du Brésil au Luxembourg
- Luxembourg Brazil Business Council
- Doing Business in Brazil
- The Brazil Business
- Relations between Brazil and the European Union
- www.brussels-in-brazil.com
Die Handelskammer und das Land
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