North America

Central & South America

Europe

Africa

Asia & Middle East

Southeast Asia & Oceania

map

Brazil Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
207,353,391 (July 2017 est.)
GDP (PPP)
$3.219 trillion (2017 est.)

Largest economy in South America

GDP growth rate
0.7% (2017 est.)

Low but recovering from a deep recession in 2015 and 2016

GDP (PPP) per capita
$15,500 (2017 est.)

Low

Local currency
Brazilian Real (BRL)

Weak currency dependent on commodity prices, it is recovering after a devaluation in the past 3 years

Financial stability (Public debt)
78.4% of GDP (2017 est.)

High, especially considering the sharp increase in recent years (it was 50% in 2012)

Inflation
3.7% (2017 est.)

Medium, stabilizing from high levels in 2016 (8.7%)

Language
Portuguese

Depending on the area, Spanish, Italian, German and English are spoken

Corruption perception index (Source: Transparency International)
96/180

High level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

Indirect taxes are very complex and comprise three levels of taxation: Excise tax (IPI): federal level VAT (ICMS): state level Service tax (ISS): municipal level
Corporate Tax

15% corporate income tax (IRPJ) 10% surcharge is levied on the the profits exceeding 240,000 BRL (about 60,000 EUR) 9% social contribution on net income (CSLL)
Duties

Usually 10% to 20% (max 35%) on the import of goods in Brazil (the rates vary according to the product’s tariff code based on Mercosur Harmonised System (NCM/SH))

Does your company deal with South America export or Latin America import?

Globartis is the place for you! We are one of the fastest-growing B2B portals worldwide, and we are active in Latin America B2B, South America trade, and Latin America trade.

Our platform can provide you access to Brazil business and Brazil trade: connect with a Brazilian company and find the right partner for Brazil export and Brazil import.

Find a contact in the Sao Paulo business community and grow your company in the Brazil imports and exports business. Join now our network for free and get in touch with a Brazilian manufacturer or Brazil distributor.