Finance of Brazil

The minimum monthly wage in Brazil is 290 USD. Brazil has a government debt of 86.4% of the country's Gross Domestic Product (GDP), as assessed in 2014. With regard to consumer prices, the inflation rate in Brazil is 6.2%. The currency of Brazil is Brazilian real. The plural form of the word Brazilian real is reais. The symbol used for this currency is R$, and it is abbreviated as BRL. The Brazilian real is divided into centavo; there are 100 in one real. Each year, consumers spend around $1,401,620 million. The ratio of consumer spending to GDP in Brazil is 0.06%, and the ratio of consumer spending to the world consumer market is 326%. The corporate tax in Brazil is set at 34%. Personal income tax ranges from 0% to 27.5%, depending on your specific situation and income level. VAT in Brazil is 25%. In 2013, Brazil received 1288.2 million USD in foreign aid.In 2014, the foreign aid amounted to 815.4 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Brazil is $3,275,799 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Brazil was last recorded at $15,534,836. PPP in Brazil is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Brazil is 2,243,854 billion. Based on this statistic, Brazil is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Brazil. The Gross Domestic Product (GDP) per capita in Brazil was last recorded at $10,641,038. The average citizen in Brazil has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Brazil averaged 0.3% in 2014. According to this percentage, Brazil is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.