Brazil Country profile

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January 2018

The Brazilian economy is the world’s eighth largest economy, and the largest in Latin America. Brazil has an estimated US$21.8 trillion worth of natural resources which includes gold, uranium, iron, and timber. Per capita incomes are above the Latin American average, but economic growth has slowed significantly and lags behind most of the region. Brazil’s credit rating has recently slipped, and is now on par with the regional average. The business climate is below the regional average.

Figure
This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars for 2018 as provided by the IMF. Annual GDP growth is for 2018. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.