Brazil - January 2021

Brazil is the world’s 12th largest economy, and the largest in Latin America. Brazil has significant resources wealth, including gold, uranium, iron, and timber. Per capita incomes and economic growth prospects are weaker than the average for Latin American countries. After slipping in recent years, creditworthiness is now on par with the regional average. The business climate outperforms the regional average.

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 and is the five-year average between 2021 and 2025 as provided by the IMF. Annual GDP growth is the five-year average between 2021 and 2025. Business climate is measured by the World Bank’s latest 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 regional countries.