Evaluating the market in Brazil

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Brazil

The Brazilian economy is very diversified and the largest in Latin America, with significant agricultural, hydrocarbons, and mineral wealth. Brazil has a large population and consumer base, and its banking system is regulated and solid. In recent years, the country has successfully approved and implemented various reforms, aimed at improving the business environment and attracting more private investors. Results can already be seen by the committed investments scheduled for next year in sectors such as information and communication technologies (ICT), energy and infrastructure, including water and wastewater. More positive developments are needed to address long-standing issues such as poor infrastructure, heavy bureaucracy, high taxes, and political uncertainty. Despite that, Brazil offers many opportunities for Canadian exporters and investors in multiple sectors, including digital industries, innovations, natural gas and cleantech.

Here’s a helpful tip for doing business in Brazil

Avoid business trips to Brazil during their holidays, especially the popular Carnival (late January to early February) when many businesses are celebrating.


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Date modified: 2023-08-03