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Get to Know Brazil

International trade success is not only about you and your customers. Learn business facts about the countries that you trade with and familiarize yourself with the different business practices, cultures, customs and economics.

At a Glance

Brazil stretches across 3,290,000 square miles (8,511,965 square kilometers) of land that are home to 190 million people, of whom 101.7 million are part of the workforce. In addition to such natural resources as iron ore, manganese, bauxite, nickel, uranium, gemstones, oil, wood, and aluminum, Brazil has 14% of the world's renewable fresh water.

Financial Facts:
  • 2010 estimated GDP (known in Brazil as PIB, or Produto Interno Bruto) of $2.1 trillion, or $11,185 per capita
  • GDP had a 7.5% growth rate over 2009
  • Services account for 66% of GDP
  • Industry growth is (28%) and agriculture (6%)

Brazil welcomes your business. Nearly 21,000 firms exported from Brazil in 2007, according the Ministry of Foreign Trade (MDIC). Over 50% of those exporters—11,889 companies—were micro and small businesses. This is a country that recognizes and supports the role micro, small and medium-sized businesses play in driving development.

Perhaps you’re interested in establishing a partnership with one of the country’s exporters. You may be considering joint ventures with Brazilian companies, franchise or licensing opportunities, or sales of your products and services in Brazil. Whatever your interests and needs, the resources provided in this section will lead you to information that can support your entry into this thriving market.

The materials listed in this section are designed to help you stay up to date regarding developments in Brazilian trade regulations and procedures and the latest business news so you can optimize your potential in this booming market.

The U.S. State Department notes, the Brazilian economy's solid performance during the financial crisis and its strong and early recovery, including 2010 growth of 7.5%, have contributed to the country's transition from a regional to a global power. Expected to continue to grow in the 4% to 5% range, the economy is the world's eighth-largest and is expected to rise to fifth within the next several years. During the administration of former President Lula, surging exports, economic growth and social programs helped lift tens of millions of Brazilians out of poverty. For the first time, a majority of Brazilians are now middle-class, and domestic consumption has become an important driver of Brazilian growth.