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:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil: Brasí­lia Declaration Defends Falklands Talks

One of the issues mentioned in the BrasÀ­lia Declaration, document with the conclusions of ...

Vehicle Sales in Brazil Grow 32% and Break Record

Sales of new vehicles in the Brazilian domestic market achieved in June the best ...

WTO Panel Rules Against US on a Case of Brazilian Orange Juice

A dispute settlement panel from the World Trade Organization has ruled that the United ...

Rio Tries to Ban Coconut Sales in the Beach. Measure Upsets Cariocas

Rio de Janeiro was about to lose one of its most enduring images, that ...

The Economist to Discuss Role of Brazil in New World Order

The Economist. the British group who publishes a business magazine of the same name, ...

French gets dethroned

After being for generations the second language de rigueur for well-bred Brazilians, French has ...

While Scandal Rages Brazilian Students Get Lesson of Probity with Public Money

Brazilian students in public schools around the country are getting hands-on experience in the ...

Lula and King Mohammed VI Have Big Plans for Brazil and Morocco

Brazil’s President, Luiz Inácio Lula da Silva, said Friday, November 26, during the meeting ...

Amazon Countries Gather in Brazil But Can’t Reach Concrete Proposal

Gathered in Brazil, nine nations in the Amazon region have called on rich countries ...

Fifty Slaves Rescued in Brazil

The mobile inspection unit of Brazil’s Regional Labor Office (DRT) freed 50 rural laborers held ...