Brazil Is Number 10 in Foreign Investment, First in LatAm

Direct foreign investment in Brazil in 2004 totaled almost US$ 18.2 billion, an increase of 79% over 2003. That put the country in 10th place worldwide as a receptor of direct foreign investments, up from 15th place in 2003. Among developing nations, Brazil was in third place, behind China and Hong Kong.
In Latin America, Brazil was the number one direct foreign investment destination, accounting for 27% of all such investments in the region, followed by Mexico (25%) and Chile (11%).

The biggest investors in Brazil in 2004 were Holland (US$ 6.7 billion) and the US (US$ 2 billion).Most of the investments went to the food and beverages, and auto, industries, followed by the services sector.

Consumer Confidence

The latest (22nd) Getúlio Vargas Foundation survey of Brazilian consumer confidence shows that it improved, compared to August, in five out of the eight areas rated. Interviewees were more optimistic, and less pessimistic, about the economic situation of the country and their families, for example. But there was an increase in the number who said they were going into debt (31.9%, compared to 28.3% in August).

The survey interviewed 1,451 household heads in Brazil’s 12 biggest cities between September 2 and 22.

ABr

Tags:

You May Also Like

Brazil’s Lula Learns the Lesson of Not Planning Ahead

Towards the end of 2007 one of President Luiz Inácio Lula da Silva’s senior ...

Brazil’s Scandal Reaches Lula Family While Vice-President Says He’s Ready to Take Over

Brazilian Vice-President José Alencar said he was ready to take office if President Luiz ...

The Perils of Buying Under-Construction Property in Brazil

With the increasing amount of Brazilian and international property buyers acquiring pre-construction real estate ...

Chavez Helps Drawing Grandiose Plans for Brazil and South America

The presidents of Brazil, Argentina and oil-rich Venezuela decided together on Thursday, January 19, ...

Chile’s President Elect Hints Lula Might Not Make His Successor

Chilean president elect conservative Sebastian Piñera, the man who handed the political left in ...

Brazilian Businessmen Can’t Decide If They Want Chavez in the Mercosur

In Brazil, the National Congress controversy over the incorporation of Venezuela to the Mercosur ...

Brazil Fears Its Air Transportation May Collapse During 2014 World Cup

The executive aviation market in Brazil is growing. Today the fleet is of 1,650 ...

A group of Brazilian Indians protest in capital Brasília against the government

A Month of Mobilization and Protests for Brazilian Indians

Indigenous April has begun in Brazil. Several events will be held throughout the country ...

Women’s Day: A Date to Celebrate the Feminine Vision of Brazil’s Ills

We are accustomed to viewing International Women’s Day as a day pertaining to the ...

Brazilians Meira and Castroneves Shine at Dramatic Indy 500

Seven Brazilians had qualified for the Greatest Spectacle in Racing, three in the first ...