Chapters
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.
Key indicators
- Area
- 8,515,770 km2
- Population
- 213,445,417 (July 2021 est.)
- Government type
- federal presidential republic
- Languages
- Portuguese (official and most widely spoken language)
- GDP
- $1.445 trillion (2020 est.)
- Growth rate
- -4% (2020 est.)
- HDI
- 84
- Capital
- Brasilia
Macroeconomic indicators
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 Percent change (Billions) |
1,867.818 |
1,847.020 |
1,893.010 |
1,987.816 |
2,084.295 |
Gross domestic product per capita, current prices Percent change (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 change |
12.258 |
11.800 |
10.800 |
10.000 |
9.700 |
Current account balance Percent change (Billions) |
-14.511 |
-22.317 |
-19.639 |
-22.536 |
-25.118 |
Current account balance Percent change |
-0.777 |
-1.208 |
-1.037 |
-1.134 |
-1.205 |
Source: IMF Statistics
Relationships with Luxembourg
Existing conventions and agreements
Non double taxation agreement
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
Further information
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 Brazil
Ambassador: Mr Carlo KRIEGER
SHIS QL 12, conjunto 5, casa 18
Lago Sui
71630-255 Brasília/DF .
Brazil
Tel.: (+55) 61 3551 7741
E-Mail: brasilia.amb@mae.etat.lu
Website: brasilia.mae.lu
Honorary consuls
Honorary Consul with jurisdiction over the States of Minas Gerais and Espirito Santo:
Mr Paulo Henrique PINHEIRO DE VASCONCELOS
Rua Kepler 441
sl8 - Bairro Santa Luzia
30360-240 - Belo Horizonte, MG
Brazil
Tel.: (+55) (31) 3503 1890
E-Mail: belohorizonte@consul-hon.lu
Honorary Consul with jurisdiction over the State of Paraná:
Ms Andréa Menezes VIANNA
Rua Benjamin Lins, 999 – Batel
80420-100 - Curitiba, PR
Brazil
Tel.: +55 41 3527-9615
E-Mail: curitiba@consul-hon.lu
Honorary Consul with jurisdiction over the State of Ceará:
Mr Antônio Henrique BARBOSA DE VASCONCELOS
Av. Senador Virgilio Távora,
1500 sala 911 – Aldeota
CEP 60.170-078
Fortaleza – CE
Brazil
Tel.: +55 (85) 99420 5452
E-Mail: fortaleza@consul-hon.lu
Honorary Consul with jurisdiction over the State of Rio Grande do Sul:
Ms Tania BIAN
Rua Barão do Triunfo
576/201 - Azenha
90130-100 -Porto Alegre, RS
Brazil
Tel.: +55 (51) 3217-0991
E-Mail: portoalegre@consul-hon.lu
Honorary Consul with jurisdiction over the States of Paraìba and Pernambuco:
Mr Tiago LIMA CARNEIRO
Avenido Agamenon Magalhães, 1470, sala 301- Torreão
52030 – 210 Recife
Pernambuco – Brazil
Tel.: + 55 81 309 71936
E-Mail: recife@consul-hon.lu
Honorary Consul with jurisdiction over the State of Rio de Janeiro:
Ms Marie Christiane H. MEYERS
Rua Francisco Otaviano 87, apt. 203
22080-040 Rio de Janeiro, RJ
Brazil
Tel.: (+55) 21 25 21 78 35
E-Mail: riodejaneiro@consul-hon.lu
Honorary Consul with jurisdiction over the State of São Paulo:
Mr Jan EICHBAUM
Rua Itapicuru, 369 room 1808
05006-000 São Paulo, SP
Brazil
Tel.: (+55) (11) 2789 0727
E-Mail: saopaulo@consul-hon.lu
Honorary Consul with jurisdiction over the State of Santa Catarina:
Ms Karen Francesca SCHWINDEN
Rua José Maria da Luz, n2827, sala 8 - Centro
88131-000 - Palhoça, SC
Brazil
Tel.: +55 (48) 3374-7801
E-Mail : palhoca@consul-hon.lu
Source: Ministry of Foreign Affairs of Luxembourg
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