MALEGA, SPAIN, March 25, 2011 (Press-News.org) Official economic figures for last year show key areas for investment in Brazil were civil construction, household consumption and agriculture. All three registered high growth, confirming the potential for Brazilian investment.
GDP growth in Brazil during 2010 reached 7.5%, the highest level since 1985. This translates into an average increase in GDP of 4.5% a year since 2002 and confirms that Brazil has left the worldwide economic crisis far behind. In 2010, Brazilian GDP reached R$3.675 trillion, the highest ever. The per capita amount of R$19,016 is also a record for Brazil.
For the Brazilian Minister of Finance, Guido Mantega, the 2010 growth figures clearly reflect Brazil's importance on the world economic stage. In an international context, "Brazil was ranked third in the world in relation to economic growth and it is the fifth largest when we consider the G20 countries," said Mr Mantega, quoted in the Financial Times shortly after the release of the economic figures.
The Growth Factors
The high growth was a result of consumer credit, government stimulus and investment. Brazil registered record levels of consumer credit in 2010, reflected in the booming consumer spending. Household consumption rose by 7.5% in 2010 as a whole and by 2.5% in Q4. This is good news for a wide range of investments in Brazil from kitchen appliances to cars.
The government stimulus package was another factor driving the Brazilian economy forward. A major part of this package is the Minha Casa Minha Vida social housing programme, about to enter its second phase.
The programme, responsible for one of the largest ever investments in Brazilian real estate, has been the principal engine behind the massive growth in civil construction in Brazil. This sector grew by 11.6% in 2010 fuelled by social housing projects and countless other residential developments fulfilling the unprecedented demand for property in Brazil.
Prospects for 2011
Slower growth in Q4 last year has confirmed that the Brazilian economy is adopting a sustainable growth pattern. A more moderate GDP increase is expected this year with most experts predicting between 4.5% and 5%, confirming Brazil's pattern of steady annual growth.
Of the main factors driving the Brazilian economy in 2010, all will remain in place. Household consumption will continue to be a mainstay of the Brazilian economy, investment in Brazil will remain high as will the massive government investment in Minha Casa Minha Vida. 2011 has already registered a marked increase in interest in Brazilian hedge funds and investment in real estate through the social housing programme and other residencial developments continues to boom.
Obelisk market research indicated that 2010 would be a buoyant year for the Brazilian economy and we believe it has now set the foundations for steady growth in 2011. With this in mind, Obelisk foresees excellent opportunities in Brazilian investments over the next year as Brazil continues to expand further.
About Obelisk International: Obelisk International offers select investment opportunities in Brazil in a range of sectors such as residential real estate, construction and social housing. Obelisk gives investors security, profitability and diversity thanks to a combination of close attention to our clients' investment requirements and high quality in-house research and analysis.
For more information on investment in Brazil and to find out about Obelisk International's latest projects there, contact us on 0034 952 820 319. Via email: info@obeliskinternational.com or visit our website: http://www.obeliskinternational.com.
Obelisk Announces Brazilian Investment Figures For 2010
Official economic figures for last year show key areas for investment in Brazil were civil construction, household consumption and agriculture. All three registered high growth, confirming the potential for Brazilian investment.
2011-03-25
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[Press-News.org] Obelisk Announces Brazilian Investment Figures For 2010Official economic figures for last year show key areas for investment in Brazil were civil construction, household consumption and agriculture. All three registered high growth, confirming the potential for Brazilian investment.