Brazil set to receive record FDI boosts this year
Monday, January 26, 2009
Brazilian property sector is benefiting from the increase in the foreign investment in Brazil last year, new reports suggest.
According to figures from the United Nations (UN) Conference on Trade and Development, Brazil attracted the most foreign direct investment (FDI) of all the Latin American countries last year as it has amounted to $41.7 million (£30.1 million) last year compared to $34.6 million in 2007. Cross-border mergers and acquisitions also increased by 13.6 per cent, generating $9.7 million for the country in 2008 compared to $8.6 million in 2007. Brazil was also the biggest origin of funds going the other way as it invested $7.07 billion last year compared to £28.2 billion the previous year.
According to Brazzilmag, the Brazilian Central Bank's Focus bulletin for 2008 has stated that the ratio to find the sum of all goods and services produced by the nation has also been revised and increased to 41.30 per cent and earlier it was calculated as 41.20 per cent.
The Economic Commission for Latin America and the Caribbean (Eclac) has showed Brazil’s FDI totaled $106 billion (£53 billion) in 2007, according to ANBA. Brazil saw an increase of more than 84% from the previous year, and the services sector received the greatest amount of FDI which suggests there could be greater tourist figures this year. The growth in economy means that property values are also on the up, which means investors who buy early could benefit from capital appreciation.
Meanwhile, Brazil was tipped to receive further foreign investment boosts this year after it had been appointed investment grade by Standard & Poor.
Social BookmarkingAccording to figures from the United Nations (UN) Conference on Trade and Development, Brazil attracted the most foreign direct investment (FDI) of all the Latin American countries last year as it has amounted to $41.7 million (£30.1 million) last year compared to $34.6 million in 2007. Cross-border mergers and acquisitions also increased by 13.6 per cent, generating $9.7 million for the country in 2008 compared to $8.6 million in 2007. Brazil was also the biggest origin of funds going the other way as it invested $7.07 billion last year compared to £28.2 billion the previous year.
According to Brazzilmag, the Brazilian Central Bank's Focus bulletin for 2008 has stated that the ratio to find the sum of all goods and services produced by the nation has also been revised and increased to 41.30 per cent and earlier it was calculated as 41.20 per cent.
The Economic Commission for Latin America and the Caribbean (Eclac) has showed Brazil’s FDI totaled $106 billion (£53 billion) in 2007, according to ANBA. Brazil saw an increase of more than 84% from the previous year, and the services sector received the greatest amount of FDI which suggests there could be greater tourist figures this year. The growth in economy means that property values are also on the up, which means investors who buy early could benefit from capital appreciation.
Meanwhile, Brazil was tipped to receive further foreign investment boosts this year after it had been appointed investment grade by Standard & Poor.
Labels: Economy, Market-Trends
