Brazil Company Registry Search
1. Brazil Prices & Delivery Times
Normal delivery: 7-10 working days = GBP 125
Express delivery: 5-7 working days = GBP 175
Flash delivery: 3-4 working days = GBP 225
All credit reports are delivered by email.
2. Brazil Sample Report
The sample report shows the layout, data included and our credit assessment.
3. What’s included in the report?
Ownership & Management
Financial Details (where available)
Default Information
Credit Scoring & Rating
All credit reports are delivered in English
Normal delivery: 7-10 working days = GBP 125
Express delivery: 5-7 working days = GBP 175
Flash delivery: 3-4 working days = GBP 225
All credit reports are delivered by email.
The sample report shows the layout, data included and our credit assessment.
3. What’s included in the report?
Ownership & Management
Financial Details (where available)
Default Information
Credit Scoring & Rating
All credit reports are delivered in English
Form Order Company Report
"*" indicates required fields
Brazil Sample Report
The sample report shows the layout, data included and our credit assessment.
• Price is subject to VAT where applicable (UK & Isle of Man customers only)
• Delivery times shown are working / business days
Search a country below for company documents:
Brazil Business Credit Report Services
Creditreform operates a global specialist International Business credit report service. We have local offices and fully approved international risk analysis experts in every country worldwide. This enables us to provide expert up-to-date business credit report information on businesses anywhere in the world.
Main reasons why our business credit reports are so important they enable clients to trade with confidence.
The local International Business Credit Report Partners are able to:
Assess local businesses trading activities.
Update information immediately if there are any changes.
Give accurate feedback based on the local economies.
Communicate effectively with businesses as they share the same time zones.
Herewith details of our business credit reporting service in Brazil:
Location of Brazil Business Credit Reporting office?
São Paulo, Brazil
Number of Brazil Business Credit Reporting staff?
10-20 staff
How long have you been operating a Brazil business credit reporting service?
Over 10 years.
What type of business credit reports do you provide in Brazil:
Corporate business credit reports online and offline – Only offline reports
Non limited business credit reports online and offline – Offline reports only
Bespoke investigated business credit reports – Yes
What are the business credit report delivery times in Brazil?
Instant Online business credit report – No
Flash business credit report – 3 Working Days
Express business credit report – 5-7 Working Days
Normal business credit report – 7-10 Working Days
How many company registries are there in Brazil for businesses (i.e. UK has just 1 central registry)?
Av. Juscelino Kubitschek, 1700, 6º andar, Itaim Bibi, São Paulo – SP
Brazil Economy:
Currency: Brazilian real R$ (BRL)
GDP Ranking: 9th
Population: Over 210 million
Brazil’s manufacturing sector ranks as the third biggest in the Americas. Service industries account for almost half of Brazil’s economy. Leading service industries include education, finance, health care, domestic service, and businesses relating to tourism.
Main Trading Partners of Brazil:
Do business credit reports contain negative information?
Yes, the reports include negative information
Do you provide consumer credit reports in Brazil?
Available Upon Request
Specialist Debt Recovery Service Brazil No Win No Fee
There are many unique requirements to international debt collection services in all countries including Brazil debt collection services which differ from the UK debt collection agency services and therefore it is very important that cases are handled directly by our expert Brazil debt collection agency and not from debt collectors UK. This method of Brazil debt collection sets Creditreform aside from the competition who in many cases will operate an international debt collection service from a UK debt collector only. Using the local Brazil debt collection agency enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
Brazil Skip Tracing Service
Creditreform’s debt collection company service also uses expert international tracing agents including Brazil tracing agent services to locate any absconded debtor. This tracing service is provided on a No Find No Fee basis only charging for a successful trace.
Specialist Business Credit Report Experts
There are many unique requirements to providing international company search reports in all countries including Brazil company search services which differ from Company Credit Reports UK services. Therefore it is very important that information is obtained directly by our expert international local company check partners and not from the Credit Report UK services. Our multi lingual local company search partners are able to provide all business credit reports in English including the bespoke investigated business credit reports.
Brazil Company Registry Name
Department of Business Registration and Integration (DREI)
Language(s) of Brazil Company Registry
Portuguese only
Number of Company Registries in Brazil
27 regional (state / district) registers but only 16 have data this is publicly available
Acre – Commercial Registry of Acre
Alagoas – Commercial Registry of Alagoas
Amapá – Commercial Registry of Amapá
Amazonas – Commercial Registry of Amazonas
Bahia – Commercial Registry of Bahia
Ceará – Commercial Registry of Ceará
Distrito Federal – Commercial Registry of Distrito Federal
Espírito Santo – Commercial Registry of Espírito Santo
Goiás – Commercial Registry of Goiás
Maranhão – Commercial Registry of Maranhão
Mato Grosso – Commercial Registry of Mato Grosso
Mato Grosso do Sul – Commercial Registry of Mato Grosso do Sul
Minas Gerais – Commercial Registry of Minas Gerais
Pará – Commercial Registry of Pará
Paraíba – Commercial Registry of Paraíba
Paraná – Commercial Registry of Paraná
Pernambuco – Commercial Registry of Pernambuco
Piauí – Commercial Registry of Piauí
Rio de Janeiro – Commercial Registry of Rio de Janeiro
Rio Grande do Norte – Commercial Registry of Rio Grande do Norte
Rio Grande do Sul – Commercial Registry of Rio Grande do Sul
Rondônia – Commercial Registry of Rondônia
Roraima – Commercial Registry of Roraima
Santa Catarina – Commercial Registry of Santa Catarina
São Paulo – Commercial Registry of São Paulo
Sergipe – Commercial Registry of Sergipe
Tocantins – Commercial Registry of Tocantins
Related Associations in Brazil
BM&F Bovespa – Listed Companies
Ministry of Finance – Federal Revenue – Legal entity tax identification number (CNPJ) search
Can you search companies online for free in Brazil?
Varies for each 27 regional registries
What information can I view for free at Brazil Company Registry
This differs for each of the 27 regional registries but a Brazil company extract/profile will include where available:
Brazil Company Name
Brazil Registration number
Brazil Date of Incorporation
Brazil Activity / Type of business
Brazil Directors
Brazil Secretary
Brazil Registered capital
Brazil Auditors
Do you need to register / sign up at the Brazil Company Registry?
Varies for each regional registry
Number of Registered Companies in Brazil
Over 9,000,000 companies registered in Brazil
Number of Officers in Brazil
Over 18,000,000 officers in Brazil
How to Register / Incorporate a company in Brazil?
You can register a company in Brazil through a Brazil company formation agent.
Minimum share capital (private limited) in Brazil
USD 600,000 is minimum share capital in Brazil
What is the Corporate tax rate in Brazil?
34% is corporate tax rate in Brazil (or 17% is annual turnover is less than USD 75,000)
What is the VAT rate payable on sales to local customers in Brazil?
20% is VAT rate in Brazil
Types of Companies in Brazil
Sociedade limitada (Ltda.): ≈ Brazil Limited Company
S.A. (Sociedade anônima): ≈ Brazil Plc
Sociedade simples: ≈ Brazil PLLC
Sociedade em comandita simples: ≈ Brazil ordinary limited partnership
Sociedade em nome coletivo: ≈ Brazil general partnership
Sociedade em conta de participação: ≈ Brazil general partnership
Sociedade em comum: ≈ Brazil general partnership
Cooperativa ≈ Brazil cooperative
Empresa individual (firma individual): ≈ Brazil individual proprietorship / sole proprietorship
Empresa Individual de Responsabilidade Limitada (EIRELI): Same as Ltd., but without partners.
Micro empreendedor individual: ≈ Brazil individual enterprise
Empresa pública: ≈ Brazil Government-owned corporation
Sociedade de economia mista: ≈ Brazil Government-owned corporation
Associação em sentido estrito (sem finalidade lucrativa): ≈ Brazil nonprofit association
Organização não governamental: ≈ Brazil nonprofit association
Organização da sociedade civil de interesse público: ≈ Brazil nonprofit association
Organização social: ≈ Brazil nonprofit association
Serviços sociais autônomos: ≈ Brazil nonprofit association
Fundação privada: ≈ Brazil private foundation
Fundação pública: ≈ Brazil public foundation
Brazil Company Documents Available
Brazil Company Commercial extract
In Brazil we have access to all corporate documents available, including:
The Ficha Cadastral, which acts as a Cert. of Incorp. and as a Cert. of Good Standing. This document provides the most up to date information on a company, including its address, Directors, eventually Shareholders (if the company is a Ltda). This document is provided by the Receita Federal, the Brazilian Tax Authorities.
All Corporate documents filed by the company with the local registry (state of SP, or of RJ, etc.), including the Articles of Incorp., all amendments, all minutes of the general assembly, etc. If the company is a S.A. (Sociedade Anonima) and you also need to know its current shareholders, this information will be available in the latest minutes of General Meeting.
Please note there is no Cert. of Incorp. or Cert. of Good Standing in Brazil. But the Ficha Cadastral acts like one.
São Paulo
In the Commercial Registry of São Paulo the following documents can be ordered:
São Paulo Articles
São Paulo Amendment
São Paulo Operation Communication
Rio Grande do Sul
In the Commercial Registry of Rio Grande do Sul the following documents can be ordered:
Rio Grande do Sul Articles
Rio Grande do Sul Micro Company Registration
Rio Grande do Sul Amendment
Rio Grande do Sul Dissolution
Rio Grande do Sul Letter of attorney
Rio Grande do Sul Court Document
What are the Financial Regulatory Authorities in Brazil?
Banco Central do Brasil (BACEN)
Comissão de Valores Mobiliários (CVM)
Superintendência de Seguros Privados (SUSEP)
What are the Stock Exchanges in Brazil?
B3 in São Paulo which was founded in 1890
Rio de Janeiro Stock Exchange (BVRJ) in Rio de Janeiro which was founded in 1845
Brazilian Mercantile and Futures Exchange (BM&F) in São Paulo which was founded in 1971
Bolsa de Cereais e Mercardorias de Maringá (BCMM) in Maringá which was founded in 1982
Bolsa de Valores Minas – Espírito Santo – Brasília (BOVMESB) in Belo Horizonte which was founded in 1976
Can you order a Brazil Apostille Certificate?
Yes, Brazil agreed to the 1961 Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents. Therefore, Brazil accepts the Apostille Certificate for Brazil Company Registry Search Documents in place of any further legalisation process.
Brazil signed up to the Hague Convention on 14th August 2016.
Brazil Company Registry Search
All local Brazil Company searches can be under taken via our Brazil Company Registry search. Where there is more than one Brazil Company Registry an Brazil company search will be made via a local Brazil company registry search in the city where the company or business is registered. Many Brazil company searches can be made on line but in some cases the Brazil company search needs to search the local Brazil company register in person, post or by email. Creditreform and it’s local company search partners undertake these services on behalf of our international clients.
Brazil Company Documents
The Brazil Company Registry hold all company documents on record and many of these can be downloaded instantly if you have registered with the Brazil company registry. Alternatively you can order Brazil company documents, company extracts or any registered document such as the Brazil Memorandum of Association via Creditreform. Creditreform’ s local registered agent will then undertake an Brazil company search on your behalf and we will forward the results via email.
Brazil Certificate of Good Standing
The certificate of Good standing is issued by the local Brazil company registry and in many cases can be downloaded by a registered company agent. Besides the Certificate of Good Standing other specific documents can be purchased such as the Brazil Certificate of Incorporation or the Brazil Memorandum of Association..
Brazil Private Investigation Work
There are many reasons for the need to use our Brazil private investigator or Brazil process server. We partner with fully approved local Brazil private detectors who are experts in their field and provide our clients with a fully confidential service including Brazil skip tracing and Brazil document serving where required.
Brazil Company Formations
There are many reasons why our clients need to use our Brazil company formation services. Through our fully approved local Brazil company registration agent the Brazil company incorporation is made as simple as possible. We will undertake all the necessary Brazil company searches to ensure the chosen name is available and guide you through the necessary documentation required to incorporate the company required.
Brazil Country Overview
Brazil is still working on rebuilding itself after the recession that happened eight years ago, when the economy contracted by almost 7%. Since then, Brazil hasn’t been able to grow at the same pace it was used to during the decade before the recession hit. However, the Brazilian economy has been experiencing a slow but steady recovery in recent years.
In 2022, GDP grew by an estimated 2.8%, mainly driven household consumption, private investment, and exports. South America’s largest economy is expected to grow at a slower pace in the coming years, experts predict a GDP growth of 1% in 2023 and 1.9% in 2024.
In 2022, inflation rate reached an estimated 9.4%, however, inflation is expected to decrease to 4.7% in 2023 and 3.9% in 2024. The government debt decreased to 88.2%, and is expected to remain stable over the next two years at 88.9% in 2023 and 90.6% in 2024.
The unemployment rate in Brazil decreased in 2022, reaching an expected 9.8%, as the country recovered from the impacts of the pandemic.
The International Monetary Fund expects that the unemployment rate will slightly decrease to 9.5% in 2023 and remain stable in 2024, especially as the services sector continues to recover from the aftermath of the pandemic and household consumption increases as inflation reduces.
—
Brazil has demonstrated notable economic resilience and growth in recent years. In 2023, the country’s real GDP expanded by 2.9%, driven by robust private consumption, a strong labor market, and favorable external conditions that boosted exports.
Looking ahead, projections for 2024 indicate a GDP growth of 2.8%, supported by solid consumption, sustained by a robust labor market, and fiscal transfers.
The Organization for Economic Co-operation and Development (OECD) forecasts a 1.9% growth in 2024, with household spending expected to be the main engine of growth, particularly in 2024.
Inflation has been on a downward trajectory, with the rate declining to 3.69% year-over-year as of April 2024.
The World Bank projects inflation to gradually converge towards 3.8% by 2025, within the Central Bank’s target range.
The unemployment rate has also improved significantly, dropping to 6.4% in September 2024, marking the second-lowest level on record.
This decrease reflects a strong labor market recovery, contributing to increased household consumption and economic stability.
In terms of fiscal health, Brazil’s public debt stood at 74.4% of GDP in 2023, up from 71.7% in 2022.
The government has been implementing measures to strengthen the fiscal framework, aiming to align public spending with fiscal rules and address market concerns.
Overall, Brazil’s economic outlook for 2024 appears positive, with steady growth, declining inflation, and a strengthening labor market. Continued fiscal reforms and strategic investments are expected to further bolster economic stability and growth in the coming years
Creditreform operates a global specialist International Business credit report service. We have local offices and fully approved international risk analysis experts in every country worldwide. This enables us to provide expert up-to-date business credit report information on businesses anywhere in the world.
Main reasons why our business credit reports are so important they enable clients to trade with confidence.
The local International Business Credit Report Partners are able to:
Assess local businesses trading activities.
Update information immediately if there are any changes.
Give accurate feedback based on the local economies.
Communicate effectively with businesses as they share the same time zones.
Herewith details of our business credit reporting service in Brazil:
São Paulo, Brazil
10-20 staff
Over 10 years.
Corporate business credit reports online and offline – Only offline reports
Non limited business credit reports online and offline – Offline reports only
Bespoke investigated business credit reports – Yes
Instant Online business credit report – No
Flash business credit report – 3 Working Days
Express business credit report – 5-7 Working Days
Normal business credit report – 7-10 Working Days
Av. Juscelino Kubitschek, 1700, 6º andar, Itaim Bibi, São Paulo – SP
Currency: Brazilian real R$ (BRL)
GDP Ranking: 9th
Population: Over 210 million
Brazil’s manufacturing sector ranks as the third biggest in the Americas. Service industries account for almost half of Brazil’s economy. Leading service industries include education, finance, health care, domestic service, and businesses relating to tourism.
Yes, the reports include negative information
Available Upon Request
There are many unique requirements to international debt collection services in all countries including Brazil debt collection services which differ from the UK debt collection agency services and therefore it is very important that cases are handled directly by our expert Brazil debt collection agency and not from debt collectors UK. This method of Brazil debt collection sets Creditreform aside from the competition who in many cases will operate an international debt collection service from a UK debt collector only. Using the local Brazil debt collection agency enables us to achieve a far greater success rate and our No Win No Fee service together with competitive commission rates against monies recovered only ensures you get the best service.
Creditreform’s debt collection company service also uses expert international tracing agents including Brazil tracing agent services to locate any absconded debtor. This tracing service is provided on a No Find No Fee basis only charging for a successful trace.
There are many unique requirements to providing international company search reports in all countries including Brazil company search services which differ from Company Credit Reports UK services. Therefore it is very important that information is obtained directly by our expert international local company check partners and not from the Credit Report UK services. Our multi lingual local company search partners are able to provide all business credit reports in English including the bespoke investigated business credit reports.
Department of Business Registration and Integration (DREI)
Portuguese only
27 regional (state / district) registers but only 16 have data this is publicly available
Acre – Commercial Registry of Acre
Alagoas – Commercial Registry of Alagoas
Amapá – Commercial Registry of Amapá
Amazonas – Commercial Registry of Amazonas
Bahia – Commercial Registry of Bahia
Ceará – Commercial Registry of Ceará
Distrito Federal – Commercial Registry of Distrito Federal
Espírito Santo – Commercial Registry of Espírito Santo
Goiás – Commercial Registry of Goiás
Maranhão – Commercial Registry of Maranhão
Mato Grosso – Commercial Registry of Mato Grosso
Mato Grosso do Sul – Commercial Registry of Mato Grosso do Sul
Minas Gerais – Commercial Registry of Minas Gerais
Pará – Commercial Registry of Pará
Paraíba – Commercial Registry of Paraíba
Paraná – Commercial Registry of Paraná
Pernambuco – Commercial Registry of Pernambuco
Piauí – Commercial Registry of Piauí
Rio de Janeiro – Commercial Registry of Rio de Janeiro
Rio Grande do Norte – Commercial Registry of Rio Grande do Norte
Rio Grande do Sul – Commercial Registry of Rio Grande do Sul
Rondônia – Commercial Registry of Rondônia
Roraima – Commercial Registry of Roraima
Santa Catarina – Commercial Registry of Santa Catarina
São Paulo – Commercial Registry of São Paulo
Sergipe – Commercial Registry of Sergipe
Tocantins – Commercial Registry of Tocantins
BM&F Bovespa – Listed Companies
Ministry of Finance – Federal Revenue – Legal entity tax identification number (CNPJ) search
Varies for each 27 regional registries
This differs for each of the 27 regional registries but a Brazil company extract/profile will include where available:
Brazil Company Name
Brazil Registration number
Brazil Date of Incorporation
Brazil Activity / Type of business
Brazil Directors
Brazil Secretary
Brazil Registered capital
Brazil Auditors
Varies for each regional registry
Over 9,000,000 companies registered in Brazil
Over 18,000,000 officers in Brazil
You can register a company in Brazil through a Brazil company formation agent.
USD 600,000 is minimum share capital in Brazil
34% is corporate tax rate in Brazil (or 17% is annual turnover is less than USD 75,000)
20% is VAT rate in Brazil
Sociedade limitada (Ltda.): ≈ Brazil Limited Company
S.A. (Sociedade anônima): ≈ Brazil Plc
Sociedade simples: ≈ Brazil PLLC
Sociedade em comandita simples: ≈ Brazil ordinary limited partnership
Sociedade em nome coletivo: ≈ Brazil general partnership
Sociedade em conta de participação: ≈ Brazil general partnership
Sociedade em comum: ≈ Brazil general partnership
Cooperativa ≈ Brazil cooperative
Empresa individual (firma individual): ≈ Brazil individual proprietorship / sole proprietorship
Empresa Individual de Responsabilidade Limitada (EIRELI): Same as Ltd., but without partners.
Micro empreendedor individual: ≈ Brazil individual enterprise
Empresa pública: ≈ Brazil Government-owned corporation
Sociedade de economia mista: ≈ Brazil Government-owned corporation
Associação em sentido estrito (sem finalidade lucrativa): ≈ Brazil nonprofit association
Organização não governamental: ≈ Brazil nonprofit association
Organização da sociedade civil de interesse público: ≈ Brazil nonprofit association
Organização social: ≈ Brazil nonprofit association
Serviços sociais autônomos: ≈ Brazil nonprofit association
Fundação privada: ≈ Brazil private foundation
Fundação pública: ≈ Brazil public foundation
Brazil Company Commercial extract
In Brazil we have access to all corporate documents available, including:
The Ficha Cadastral, which acts as a Cert. of Incorp. and as a Cert. of Good Standing. This document provides the most up to date information on a company, including its address, Directors, eventually Shareholders (if the company is a Ltda). This document is provided by the Receita Federal, the Brazilian Tax Authorities.
All Corporate documents filed by the company with the local registry (state of SP, or of RJ, etc.), including the Articles of Incorp., all amendments, all minutes of the general assembly, etc. If the company is a S.A. (Sociedade Anonima) and you also need to know its current shareholders, this information will be available in the latest minutes of General Meeting.
Please note there is no Cert. of Incorp. or Cert. of Good Standing in Brazil. But the Ficha Cadastral acts like one.
São Paulo
In the Commercial Registry of São Paulo the following documents can be ordered:
São Paulo Articles
São Paulo Amendment
São Paulo Operation Communication
Rio Grande do Sul
In the Commercial Registry of Rio Grande do Sul the following documents can be ordered:
Rio Grande do Sul Articles
Rio Grande do Sul Micro Company Registration
Rio Grande do Sul Amendment
Rio Grande do Sul Dissolution
Rio Grande do Sul Letter of attorney
Rio Grande do Sul Court Document
Banco Central do Brasil (BACEN)
Comissão de Valores Mobiliários (CVM)
Superintendência de Seguros Privados (SUSEP)
B3 in São Paulo which was founded in 1890
Rio de Janeiro Stock Exchange (BVRJ) in Rio de Janeiro which was founded in 1845
Brazilian Mercantile and Futures Exchange (BM&F) in São Paulo which was founded in 1971
Bolsa de Cereais e Mercardorias de Maringá (BCMM) in Maringá which was founded in 1982
Bolsa de Valores Minas – Espírito Santo – Brasília (BOVMESB) in Belo Horizonte which was founded in 1976
Yes, Brazil agreed to the 1961 Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents. Therefore, Brazil accepts the Apostille Certificate for Brazil Company Registry Search Documents in place of any further legalisation process.
Brazil signed up to the Hague Convention on 14th August 2016.
All local Brazil Company searches can be under taken via our Brazil Company Registry search. Where there is more than one Brazil Company Registry an Brazil company search will be made via a local Brazil company registry search in the city where the company or business is registered. Many Brazil company searches can be made on line but in some cases the Brazil company search needs to search the local Brazil company register in person, post or by email. Creditreform and it’s local company search partners undertake these services on behalf of our international clients.
The Brazil Company Registry hold all company documents on record and many of these can be downloaded instantly if you have registered with the Brazil company registry. Alternatively you can order Brazil company documents, company extracts or any registered document such as the Brazil Memorandum of Association via Creditreform. Creditreform’ s local registered agent will then undertake an Brazil company search on your behalf and we will forward the results via email.
The certificate of Good standing is issued by the local Brazil company registry and in many cases can be downloaded by a registered company agent. Besides the Certificate of Good Standing other specific documents can be purchased such as the Brazil Certificate of Incorporation or the Brazil Memorandum of Association..
There are many reasons for the need to use our Brazil private investigator or Brazil process server. We partner with fully approved local Brazil private detectors who are experts in their field and provide our clients with a fully confidential service including Brazil skip tracing and Brazil document serving where required.
There are many reasons why our clients need to use our Brazil company formation services. Through our fully approved local Brazil company registration agent the Brazil company incorporation is made as simple as possible. We will undertake all the necessary Brazil company searches to ensure the chosen name is available and guide you through the necessary documentation required to incorporate the company required.
Brazil is still working on rebuilding itself after the recession that happened eight years ago, when the economy contracted by almost 7%. Since then, Brazil hasn’t been able to grow at the same pace it was used to during the decade before the recession hit. However, the Brazilian economy has been experiencing a slow but steady recovery in recent years.
In 2022, GDP grew by an estimated 2.8%, mainly driven household consumption, private investment, and exports. South America’s largest economy is expected to grow at a slower pace in the coming years, experts predict a GDP growth of 1% in 2023 and 1.9% in 2024.
In 2022, inflation rate reached an estimated 9.4%, however, inflation is expected to decrease to 4.7% in 2023 and 3.9% in 2024. The government debt decreased to 88.2%, and is expected to remain stable over the next two years at 88.9% in 2023 and 90.6% in 2024.
The unemployment rate in Brazil decreased in 2022, reaching an expected 9.8%, as the country recovered from the impacts of the pandemic.
The International Monetary Fund expects that the unemployment rate will slightly decrease to 9.5% in 2023 and remain stable in 2024, especially as the services sector continues to recover from the aftermath of the pandemic and household consumption increases as inflation reduces.
—
Brazil has demonstrated notable economic resilience and growth in recent years. In 2023, the country’s real GDP expanded by 2.9%, driven by robust private consumption, a strong labor market, and favorable external conditions that boosted exports.
Looking ahead, projections for 2024 indicate a GDP growth of 2.8%, supported by solid consumption, sustained by a robust labor market, and fiscal transfers.
The Organization for Economic Co-operation and Development (OECD) forecasts a 1.9% growth in 2024, with household spending expected to be the main engine of growth, particularly in 2024.
Inflation has been on a downward trajectory, with the rate declining to 3.69% year-over-year as of April 2024.
The World Bank projects inflation to gradually converge towards 3.8% by 2025, within the Central Bank’s target range.
The unemployment rate has also improved significantly, dropping to 6.4% in September 2024, marking the second-lowest level on record.
This decrease reflects a strong labor market recovery, contributing to increased household consumption and economic stability.
In terms of fiscal health, Brazil’s public debt stood at 74.4% of GDP in 2023, up from 71.7% in 2022.
The government has been implementing measures to strengthen the fiscal framework, aiming to align public spending with fiscal rules and address market concerns.
Overall, Brazil’s economic outlook for 2024 appears positive, with steady growth, declining inflation, and a strengthening labor market. Continued fiscal reforms and strategic investments are expected to further bolster economic stability and growth in the coming years
