Business Climate in Brazil
The Global Competitiveness Index rank Brazil on place 58 on a ranking scale out of 139 for the period of 2010-2011. The score is 2 points higher than 2009 when the country was ranked 56. Brazil scores well in domestic market size index and the financial market development like the regulation of securities exchanges.
The most problematic factors for doing business in Brazil according to World Economic Forum
- Tax regulations 19.3
- Tax rates 17.7
- Inadequate supply of infrastructure 13.8
- Restrictive labor regulations 12.9
- Inefficient government bureaucracy 11.3
- Corruption 6.9
- Access to financing 5.6
- Inadequately educated workforce 5.1
- Crime and theft 2.2
- Foreign currency regulations 1.7
- Policy instability 1.7
- Poor public health 0.8
- Inflation 0.5
- Poor work ethic in national labor force 0.5
- Government instability/coups 0.2
- From a list of 15 factors, respondents were asked to select the five most problematic for doing business in their country and to rank them between1 (most problematic) and 5.
A pressrelease 8th of June 2011 from Independent Credit View gives thumbs up for Brazilian banks. With a substantial capital surplus the Brazilian banks Banco do Brasil and Bradesco are on top of the leader board ahead of UBS.
Sources: The Global Competitiveness Report 2010-2011 from World Economic Forum
Download report from World Economic Forum