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



Your advisors at the Chamber of Commerce

Martine Bisenius

Contact us: latinamerica@cc.lu


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

Estimates

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

Source: Administration des contributions directes


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


Chamber of Commerce and the country