Macroeconomic Outlook Report: Brazil
Description
Macroeconomic Outlook Report: Brazil
Summary
Mining, manufacturing, and utilities activities contributed 21.5% to the gross value added (GVA) in 2024, followed by financial intermediation, real estate, and business activities (15.9%), and wholesale, retail, and hotels (11.9%). In nominal terms, the three sectors are expected to grow by 5.4%, 5.1%, and 5.2%, respectively, in 2025.
São Paulo, Rio de Janeiro, and Belo Horizonte are the major cities of Brazil that contributed 27.8% to the country’s GDP and accounted for 19.9% of its population in 2024, according to GlobalData’s cities database.
As of June 2025, Chinese firms have secured agreements to construct the $1.8 billion Salvador-Itaparica Bridge project in Brazil. The Bahia State Government has partnered with China Railway Construction Corporation (CRCC) and China Communications Construction Company (CCCC) for this significant infrastructure endeavor. Spanning 47km, the bridge will feature a 12km cable-stayed section, anticipated to have the deepest piled foundations ever used, making it the longest cross-sea cable-stayed bridge in Latin America. Construction is set to begin in 2026, aiming to enhance connectivity between mainland Bahia State and Itaparica Island.
Scope
Summary
Mining, manufacturing, and utilities activities contributed 21.5% to the gross value added (GVA) in 2024, followed by financial intermediation, real estate, and business activities (15.9%), and wholesale, retail, and hotels (11.9%). In nominal terms, the three sectors are expected to grow by 5.4%, 5.1%, and 5.2%, respectively, in 2025.
São Paulo, Rio de Janeiro, and Belo Horizonte are the major cities of Brazil that contributed 27.8% to the country’s GDP and accounted for 19.9% of its population in 2024, according to GlobalData’s cities database.
As of June 2025, Chinese firms have secured agreements to construct the $1.8 billion Salvador-Itaparica Bridge project in Brazil. The Bahia State Government has partnered with China Railway Construction Corporation (CRCC) and China Communications Construction Company (CCCC) for this significant infrastructure endeavor. Spanning 47km, the bridge will feature a 12km cable-stayed section, anticipated to have the deepest piled foundations ever used, making it the longest cross-sea cable-stayed bridge in Latin America. Construction is set to begin in 2026, aiming to enhance connectivity between mainland Bahia State and Itaparica Island.
Scope
- Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework. This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks. These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions. The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
47 Pages
- Did You Know?
- Country Highlights
- Key Economic Updates and Impact of US Tariffs on Brazil
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- List of Figures
- Exhibit 1: Brazil’s Performance in Terms of its Country Risk Analysis in Comparison to the Americas and the World
- Exhibit 2: Performance Overview (Score: 0-100)
- Exhibit 3: Broad Categories and Weights Behind the Index
- Exhibit 4: BOVESPA Index (July 2024 - July 2025)
- Exhibit 5: Key Sectors’ Contribution to the Economy (2020-27f)
- Exhibit 6: FDI Flows and FDI Stock (2020-24)
- Exhibit 7: Greenfield FDI Projects and Net Cross-border M&A Deals (2020-24)
- Exhibit 8: Key Infrastructure Indicators
- Exhibit 9: Real GDP and Household Consumption Growth Rate (2020-27f)
- Exhibit 10: Real GDP Growth Rate Comparison (2024)
- Exhibit 11: Volume of Exports and Imports Growth (2020-27f)
- Exhibit 12: Current Account Balance (2020-27f)
- Exhibit 13: Top Three Commodity Exports, % of Total Exports (2020-24)
- Exhibit 14: Mineral fuels, mineral oils and products of their distillation export, % of world total (2024)
- Exhibit 15: Interest Rates (June 2020 - June 2025)
- Exhibit 16: Exchange Rate and Inflation (2020-27f)
- Exhibit 17: Public Finance (2020-27f)
- Exhibit 18: General Government Debt (2020-27f)
- Exhibit 19: Unemployment Rate (2020-27f)
- Exhibit 20: Labor Cost Index (2020-27f)
- Exhibit 21: Average Annual Wages (2020-27f)
- Exhibit 22: Rural/Urban Share of Total Population (2015, 2020, 2025f, 2030f)
- Exhibit 23: Age-group Share of Total Population (2015, 2020, 2025f, 2030f)
- Exhibit 24: Gender Split (2015, 2020, 2025f, 2030f)
- Exhibit 25: Internet Users as a Percentage of Total Population, Mobile Penetration Rate and Broadband Penetration Rate (2024)
- Exhibit 26: Number of Patents Granted Per Million Population (2024)
- Exhibit 27: High-technology Exports, % of Manufactured Exports (2024 or Latest Available Data)
- Exhibit 28: Rule of Law Index (Rankings) 2024
- Exhibit 29: Corruption Perceptions Index (Rankings) (2024)
- Exhibit 30: Renewable Electricity, Installed Capacity (2020-24)
- Exhibit 31: CO2e Emissions (2020-24)
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