Brazil
The Brazilian economy is characterized by a mixed economy that relies on import substitution to achieve economic growth. Brazil has natural resources which includes vast amounts of gold, uranium, iron, timber, bauxite, manganese, nickel, phosphates, platinum, tin, petroleum and hydropower. It exports transport equipment, iron ore, soybeans, footwear, coffee, automobiles. And it imports machinery, electrical and transport equipment, chemical products, oil, automotive parts, electronics.

Descreptive Data

Unemployment, %11.6
Ages 15-24 Population Ratio, %38.368
Population Over 65, %12.1
Net Migration Rate30000
EIU Country Risk Score47
Fitch Sovereign RatingBB-
S&P Sovereign RatingBB-
Moody's Sovereign RatingBa2
Big Mac Index4.4

Economic Data

2015201620172018
Ability to Pay
Budget Surplus/def (%GDP)
Currency Reserves ex Gold (BLN USD)354363371
GDP per Capita (USD)8811872798969127
GDP Value (BLN USD)1826171720251935
Real GDP YOY%-5.8%-2.7%1.4%1.3%
Reserves 1Y Chg (%)-1.9%2.4%2.4%
Total External Debt (%GDP)67%70%84%
Total External Debt (BLN USD)121412001701
Inflation (Risk)
CPI (yoy %)9%8.8%3.5%
Trade Balance
Current Account (% of GDP)-3.2%-1.3%-0.3%
Exports (BLN USD)209202235
Imports (BLN USD)182145160
Unemployment Rate
Unemployment (%)9%12%12%12%

Financial Data

2015201620172018
Credit Market (Risk)
10Y Bond Spread (10Y UST)
5Y CDS495281162208
Equity & Banking Sector (Risk)
1Y Price Change (%) (IBOV Index)-13%39%27%15%
EIU Banking Risk414747
Foreign Exchange (Risk)
3 Month Deposit (%)13%
FX Vol - 3M Implied Vol23161315
Historical 3M Volatility19151117
Real Effective Exchange Rate67838182
Real Rates (%)4.1%

Political Risk

2015201620172018
Political Risk Exposure
EIU Political Risk364242
Risk From Doing Business
Ease of Doing Business Rank111121123125
Starting a Business Rank166174175176
Risk From Government
WGI Control Of Corruption-0.4-0.4-0.5
WGI Govt Effectiveness-0.2-0.2-0.3
WGI Regulatory Quality-0.2-0.2-0.1
WGI Rule Of Law-0.2-0.08-0.3
Deviation of Brazil's risk relative to Geo Peers
-100 = min risk100 = max risk,
Less RiskPeer AverageMore Risk